The new federal funding is aimed at building market confidence that the U.S. nuclear industry will be able to incorporate the lessons learned at Vogtle to deliver a new round of safer, more efficient SMRs on time and on budget.

Michigan’s 800-MW Palisades nuclear power plant could become the first nuclear plant in the U.S. to be restarted, helped by a $1.52 billion loan from DOE’s Loan Programs Office.