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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

European Firms Get $700 Million to Complete Iraqi Plant

LCG, Sept. 19, 2000The government of Iraq has signed contracts worth $700 million with several European companies to complete a power project halted by U.N. trade sanctions, the Iraq News Agency reported yesterday.

The report from the official news agency Iraq's public relations department did not say which companies were involved or whether they were acting separately of as a consortium.

The plant, about 250 miles north of Baghdad near the city of Mosul, will be completed by firms from England, Germany, Italy, Sweden and Yugoslavia. Money for the program has been set aside from U.N.-authorized oil export revenues.

The news agency did not say whether the U.N. sanctions committee, which examines Iraqi contracts, had approved the program, nor did it disclose the capacity of the power plant. It did say that when it was completed the plant would make up the current power shortage in Iraq.

If it does, the facility will be the mother of all power plants, to borrow a phrase favored by Iraqi strongman Saddam Hussein. According to the news agency, Iraq currently has about 5,000 megawatts of generation while power officials estimate the country's needs at 10,000 megawatts.

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