The data centers necessary to provide the artificial intelligence demands of the world’s big tech companies need a lot of power. One way to provide that power is by adding new nuclear capacity to the grid, potentially sparking what could be a “nuclear Renaissance.” The focus of this Renaissance is on what are called small modular reactors, or SMRs. Now, Holtec International could be first to bring SMRs to the U.S. grid at its Palisades facility in Michigan. Alexander C. Kaufman reports for Canary Media:
A Michigan nuclear plant is looking to make history not once but twice over: First by restarting a reactor shuttered in 2022 and second with newly solidified plans to build the nation’s first small modular reactors.
Holtec International — the nuclear company best known for decommissioning shuttered plants and manufacturing the canisters that store spent fuel — bought the Palisades nuclear plant on the southeastern shore of Lake Michigan a month after utility giant Entergy took the financially troubled single-reactor facility offline.
Last year, the Department of Energy’s Loan Programs Office finalized a deal to give Holtec $1.52 billion to bring the 55-year-old, 800-megawatt pressurized water reactor back online. The company wants to plug the facility back into the grid by the end of this year.
Now Holtec plans to nearly double the electricity output from Palisades by building two of its own small modular reactors, or SMRs, at the site.
On Tuesday, top executives gathered at the facility in Covert Township, Michigan, to unveil blueprints for adding a pair of its proprietary SMR-300s and announce Hyundai Engineering and Construction Co. — the South Korean firm already working with the Florida-based Holtec to develop its 300-MW units internationally — as its partner in the debut U.S. project. Completing the reactor would be a first not just for the country but the company. While Holtec has disassembled reactors, it has yet to build one, much less its own design.
“If we can’t do it, I don’t know who else is going to do it,” Rick Springman, the president of Holtec’s Global Clean Energy Opportunities division, told Canary Media ahead of the event. “I really think we can be the horse America can ride to a clean-energy future and to enable AI and everything else we want to do in this global competition.”
Action Line: Your Survival Guy is watching the potential nuclear Renaissance and what it means for power companies and consumers like data centers. Click here to subscribe to my free monthly Survive & Thrive letter. Read more about data centers, power demand, and the nuclear Renaissance below:
