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The Biden administration has announced plans to reignite a shuttered Michigan nuclear power plant with a $1.5 billion loan that, combined with other nuclear announcements yesterday, suggests the US federal government is right now all in on nuclear energy.
The 800-megawatt Holtec Palisades plant, located on Michigan's southwest coast in a relatively low-populated area, shut down in 2022 mainly due to it struggling to afford to stay operational while competing against cheaper fossil fuels.