The Department of Energy’s Loan Programs Office (LPO) today announced a conditional commitment of up to $1.52 billion for a loan guarantee to Holtec Palisades LLC to finance the restoration and resumption of service of the 800-MWe Palisades nuclear power plant in Covert Township, Mich.

Mary Lou Dunzik-Gougar

Nuclear energy is the cleanest, safest, densest, and most reliable energy source. The value proposition for nuclear energy is unparalleled. It is the only commercially proven, “dispatchable” clean energy technology that can be scaled up fast enough to meet the demand for electricity in a decarbonizing scenario. It is the answer for governments and nongovernmental organizations worldwide that are clamoring for a reduction in human-generated CO₂ emissions. Humans flourish when they have access to plentiful, safe, and reliable energy. Nuclear excels at all of these.