Palisades Nuclear Plant to Pioneer Small Modular Reactors in US
- Holtec International and Hyundai E&C signed an agreement to build two 300-megawatt small modular reactors in Michigan, called 'Mission 2030.'
- The Palisades nuclear plant is set to restart operations, providing 800 megawatts of power by the end of this year, supported by a $1.5 billion federal grant.
- Holtec aims to have the first small modular reactor operational in the United States by the end of 2030, according to CEO Dr. Kris Singh.
- Despite a federal grant and regulatory support, environmental groups like Beyond Nuclear oppose the plant's restart, with concerns about nuclear power.
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Mission 2030: Holtec Palisades partners with Hyundai to build first small modular reactors
COVERT, Mich.-- The CEOs of Holtec International and Hyundai E&C signed an expanded cooperation agreement Tuesday for the construction of two 300-megawatt small modular reactors (SMRs); they are calling it "Mission 2030."
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