Holtec International announces the launch of “Mission 2030” , a plan to install the first small modular reactors ( SMR-300 ) at the Palisades Nuclear Power Plant, located in Covert Township, Michigan.
Palisades Restart and SMR-300 Rector Deployment
The SMR-300, a Generation 3+ nuclear power plant, is designed to produce 300 megawatts of electricity. These reactors will be installed next to the existing 800-megawatt plant, which is in the process of being reactivated after its closure in 2022.
With this dual initiative, the reactivation of Palisades and the installation of the SMR-300 , Holtec positions southwest Michigan as a relevant epicenter in the revitalization of the nuclear sector, expanding energy opportunities in the country.
The company has invested more than $50 million in environmental studies, soil drilling and groundwater monitoring, meeting the prerequisites for applying for permits from the US Nuclear Regulatory Commission next year.
A strategic agreement with Hyundai E&C and Mitsubishi Electric
To ensure the success of the project, Holtec has signed an expanded partnership with Hyundai Engineering & Construction ( Hyundai E&C ), strengthening a relationship that began in 2021. Hyundai, recognized for having built the largest nuclear complex in the last decade in the United Arab Emirates, will be responsible for the construction of the SMR in Palisades and the future expansion of a 10-gigawatt fleet in North America.
In addition, Mitsubishi Electric , based in Kobe, Japan, and Pittsburgh, USA, will supply the advanced control system for the new nuclear infrastructure. This component is important for ensuring the safety and operational efficiency of the modular reactors.
The Mission 2030 project seeks to diversify clean energy generation. It is also estimated to create hundreds of well-paying jobs, strengthen the U.S. manufacturing industry, and increase the region’s tax base. Some government leaders and local communities have shown strong support for the initiative, recognizing its potential to boost sustainable growth and energy security.
Holtec’s SMR-300 is distinguished by its passively safe design, based on the use of gravity for its safety systems, earning it the “Safe Self-Defense” certification. Through its end-to-end approach—from manufacturing and operation to spent fuel management and decommissioning—Holtec positions itself as a strong competitor against other global nuclear technology providers.
Nuclear power generation with small and safe modules. Source: Holtec
The Palisades SMR-300 project is shaping up to be a benchmark for future deployments, consolidating U.S. leadership in the development of advanced modular reactors and strengthening its position in the race for clean energy innovation.
Follow us on social media and don’t miss any of our posts!
YouTube LinkedIn Facebook Instagram X (Twitter) TikTok
Source and photo: Holtec International
