No one has ever restarted an American nuclear reactor that was seemingly closed for good. But with electricity demand spiking, interest is growing.

The Energy Department said on Monday that it had finalized a $1.52 billion loan guarantee to help a company restart a shuttered nuclear plant in Michigan — the latest sign of rising government support for nuclear power.

Two rural electricity providers that planned to buy power from the reactor would also receive $1.3 billion in federal grants under a program approved by Congress to help rural communities tackle climate change.

The moves will help Holtec International reopen the Palisades nuclear plant in Covert Township, Mich., which ceased operating in 2022. The company plans to inspect and refurbish the plant’s reactor and seek regulatory approval to restart the plant by October 2025.

After years of stagnation, America’s nuclear industry is seeing a resurgence of interest. Both Congress and the Biden administration have

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