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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

Valero Board Approves Bay Area Refinery Cogenerator

LCG, March 20, 2001Valero Energy Corp., a petroleum company that recently purchased a San Francisco Bay Area refinery and gasoline stations from Exxon Corp., said yesterday its board has approved investment of $57 million in a cogeneration power plant for its refinery in Benicia, in the East Bay near the mouth of the Sacramento River.

The 51 megawatt facility, which would make the refinery self-sufficient during ordinary times, could be completed by April of next year, if the permitting process runs smoothly never a sure thing in California.

Valero said the decision, made before yesterday's rolling blackouts in California, was in response to the state's power shortage.

Rich Marcogliese, a Valero vice president and plant manager at Benicia, said "It is critical that we keep our refinery running because any power interruption could mean significant downtime, which could ultimately lead to gasoline supply shortages and price spikes. What's more, this project will allow us to retire some older, less efficient boilers, which will lower our air emissions."

Valero said the production of the cogeneration unit will be equal to or greater than the average power demand of the refinery. Additional power will be purchased as required to meet peak demand or, sold as available during low-demand periods.

The cogenerator will be fueled with light gases produced as refinery by-products, the company said, and steam produced by the unit will allow the refinery to retire older, less efficient steam generating equipment.

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