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Holtec Achieves Milestone towards Restarting Palisades Nuclear Facility and Advances Plans to Build Two SMRs at Palisades Site

LCG, March 31, 2026--Holtec International yesterday announced that it successfully completed a milestone test necessary to return Holtec's Palisades Nuclear Generating Station to service. The 805-MW pressurized water reactor (PWR) is located in Michigan and was shut down by Entergy in May 2022. Holtec acquired the facility in June 2022 and has pursued a path to return the plant to service.

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Arbor Signs Agreement with GridMarket for 5 GW of Baseload Power

LCG, March 25, 2026--Arbor Energy today announced an agreement with GridMarket, an energy and infrastructure project facilitator, to deliver up to 5 GW of zero-emission power starting in 2029. GridMarket supports large energy users, including data centers, manufacturers, and logistics providers, with securing reliable and cost-effective power.

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Industry News

Siting of New York City Plant Not Finalized

LCG, Aug. 26, 2003--A power plant that could provide both steam and electricity to New York City and which developer TransGas hopes to build in Greenpoint, Brooklyn, would be better located in an industrial area, according to Michael Bloomberg and some neighborhood groups.

According to a lawyer for TransGas, Sam Laniado, it did not have communications from the city about alternative locations. A spokesman for Mayor Bloomberg, Jordan Barowitz, agrees that New York City needs to address both transmission and generation deficiencies to avert future blackouts. Other blackouts took place in the city in 1999 and 2002.

Bloomberg said that although a power plant has to be built, opposition to siting in residential areas is essentially universal. The city is hoping to have development of the Greenpoint area that would replace old docks and warehouses with housing. Greenpoint, which stretches for about one-and-a-half miles, offers excellent views of the Manhattan skyline, as well as superb transmission access, according to TransGas. Laniado noted that the city would not have final authority in the siting of the plant it plans to build.
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