A company called Holtec has become the voice for restarting the nuclear power revolution in the U.S.
As it becomes clear that the nation’s needs for power are far underserved, and will certainly be in the future with the adoption of AI, one company, currently the “top US manufacturer of storage equipment for nuclear waste”, is advocating for restarting cold reactors across the country.
Lately, the company’s ambitions have soared. Since 2019, it’s acquired four retired nuclear plants originally intending to decommission them: Indian Point (NY), Oyster Creek (NJ), Pilgrim (MA), and Palisades (MI), according to Bloomberg .
Tearing down old reactors promised good returns due to the hefty trust funds tied to cleanup costs. Holtec quickly became the nation’s leading nuclear decommissioner.And, as the report notes, despite initially purchasing Palisades to dismantle it, Holtec is now planning to restart the reactor with a $1.5 billion loan from the DOE , marking […]
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