The Palisades Power Plant, a nuclear facility in Covert, Michigan, is on track to become the first U.S. reactor to reopen after a shutdown. The plant, which ceased operations in May 2022 after over 40 years of service, is expected to resume by late 2025 with significant support. Holtec International, the plant’s new owner, is receiving up to $1.5 billion in federal loans and $300 million in state grants to fund the restart.

The Nuclear Regulatory Commission is currently reviewing the reopening plans. Michigan Gov. Gretchen Whitmer has championed the restart as part of the state’s goal to transition to 100% clean energy by 2040.

Palisades' revival is seen as a potential model for other decommissioned reactors, addressing growing electricity demands and climate goals. The plant could power over 800,000 homes and is part of a broader push to increase nuclear energy’s role in the U.S. energy mix.