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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

NTE Energy Moves Towards Construction of 475-MW Combined Cycle Plant in North Carolina

LCG, March 17, 2016--Gemma Power Systems, LLC (GPS) announced Monday that it has received full Notice to Proceed (NTP) to begin activities under an Engineering, Procurement and Construction (EPC) services contract with NTE Carolinas LLC, an affiliate of NTE Energy, to construct a 475-MW natural gas-fired power plant in Kings Mountain, North Carolina. The plant is scheduled to be commercially online in the latter half of 2018.

The Kings Mountain Energy Center will be a combined cycle electric generating facility comprised of a Mitsubishi Hitachi Power Systems Americas (MHPSA) M501GAC combustion turbine generator, a Vogt Power International supplementary-fired heat recovery steam generator (HRSG) and a Toshiba America Energy Systems steam turbine generator.

Last October NTE awarded to GPS a sister project, the Middletown Energy Center in Ohio, that will employ the same MHPSA M501GAC turbine. The Middletown project is scheduled for completion early in the second quarter of 2018.

The M501GAC turbines are manufactured at MHPSA's Savannah Machinery Works in Georgia. The manufacturing facility started operations in 2010 and shipped its first gas turbine in October, 2012.

It was also recently announced that NTE closed on $387 million in credit and $218 million in equity commitments to build and operate the Kings Mountain Energy Facility.

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