Holtec’s plan to restart Michigan’s Palisades reactor is nearing finish line, backed by a $1.52B DOE loan, with workload framed as routine maintenance; success could validate reviving shuttered U.S. reactors and unlock a broader pipeline, including Holtec’s SMR ambitions.
Holtec’s IPO filing outlines a shift from decommissioning to building 300 MW SMRs, backed by DOE loans and a timeline targeting regulatory approval in 2029 and deployment in the early 2030s.
BloombergNEF sees global nuclear capacity rising to about 535 GW by 2036 (a 44% jump from 372 GW), driven by 76 reactors under construction in H1 2026 and an 83 GW contribution from small modular reactors, led by China, with timing and cost overruns the key risk.
DOE awards $800M in grants to TVA and Holtec to build three small modular reactors (1 in Tennessee, 2 in Michigan).
Subscribe for real-time topic updates and unlimited access to our intelligence platform.