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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

Silicon Valley Utility to Build Third Plant

LCG, Sept. 15, 2003--A proposed power plant with a capacity of 150 megawatts was granted approval by the California Energy Commission, and may go online in the Silicon Valley town of Santa Clara in 2004.

The plant will be built by Silicon Valley Power, a municipal utility that first filed an application two years ago. The site of the plant would be in an industrial area of less than 3 acres, south of Highway 101.

Silicon Valley Power customers have not had a rate increase for the past decade, nor should they expect one. Supply from the new plant, which is the third to be built by the utility, will make up for the expiration of a long-term contract with the Western Area Power Administration. Rates are currently 40 percent below those in surrounding towns.
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