Nuclear Power Gains Momentum as Multiple Plants Seek Revival

Following the news of the Three Mile Island restart plans, it looks like our assertion that 'nuclear is back' is correct. That's because this week the U.S. closed on a deal to resurrect another nuclear plant, Holtec's Palisades nuclear plant in Michigan, thanks to a $1.52 billion loan from the Biden administration, according to Reuters. A senior Biden administration official stated that reopening the plant could take up to two years—longer than the company's estimate. The Reuters report said that the administration aims to triple U.S. nuclear…