Dept. of Energy to Invest $400 Million in Michigan's Palisades Nuclear Power Plant

A major investment of $400 million from the Department of Energy has been announced for Michigan’s Palisades Nuclear Power Plant on the coast of Lake Michigan. The investment will allow Holtec, the company behind the nuclear plant, to deploy two next generation small nuclear reactors. It’s expected to double the site’s generation capacity, provide enough power for 1.4 million households and businesses, and protect 900 jobs.