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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

Group of Companies to Explore Nuclear Licensing

LCG, Mar. 31, 2004--A group of power generation companies plans to split the costs associated with the regulatory process for a nuclear power facility, an effort which could lead to the construction of a nuclear plant beginning by the end of the decade.

The Nuclear Regulatory Commission's licensing process has been changed to allow the agency to issue not only a construction permit but an operating license, based on a generic reactor design. The members of the consortium includes Exelon Corp., Entergy Nuclear, Constellation Energy Group Inc., Southern Co., EDF International North America Inc. (a unit of Electricite de France), as well as reactor builders General Electric Co. and Westinghouse Electric Co. The reactor vendors have already submitted designs for consideration by the NRC. Members of the group have said that they are ready to spend $7 million annually in the hopes that they can obtain a permit by 2010, although they have stressed that the effort will not definitely result in a decision to build a plant.

The agreement among the companies will allow any of those involved to proceed towards construction of a plant, whether independently or as part of a group.
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