The Palisades nuclear plant in Covert Township, Michigan, on the shores of Lake Michigan, has secured a $1.5 billion federal loan to restart operations, marking the first-ever restart of a closed nuclear power plant in U.S. history. This loan is part of a broader initiative to revive nuclear energy in the United States, with the Department of Energy approving the funding. The reopening of Palisades is seen as a significant step in the nuclear renaissance, with other plants like Three Mile Island also being considered for reopening.
