With the financial and technology predicates resolved, Holtec is poised to build the first two SMR-300 reactors most likely to be America’s first, alongside the Palisades Energy plant in Michigan.
On August 25, 2025, the Palisades Power Plant in Covert Township, Michigan, officially transitioned from decommissioning to operations status under the oversight of the U.S. Nuclear Regulatory Commission.
In a major milestone for the U.S. nuclear industry, the U.S. Nuclear Regulatory Commission (NRC) has formally approved Holtec’s request to transition the Palisades Nuclear Plant from decommissioning status back to an operating license.
Holtec’s Palisades Nuclear Power Plant continues to move steadily toward restart, with major progress in physical refurbishment, Operator training, and positive feedback from independent nuclear industry reviewers.
The restart of the Palisades Nuclear Power Plant continues to advance, with several recently achieved milestones reinforcing confidence in the facility’s near-term return to service.
The Palisades restart remains on track, with the project progressing seamlessly on schedule and on budget, underpinned by strong safety and quality assurance metrics.
This program aims to build America’s first small modular reactors at Palisades with a target of 2030 for first commercial operation.
The NRC is considering an exemption request, a license transfer request, and license amendment requests to support reauthorizing power operations.
Progress toward the historic restart of the Palisades Nuclear Power Plant made a monumental step forward today with the announced close of a $1.52 billion loan from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO).
The Holtec Palisades team continues to build upon the momentum of recent progress at the Palisades Nuclear Power Plant in Covert Township, Michigan.