Holtec Government Services in Michigan was awarded $400 million by the U.S. Department of Energy to help pay for the development of a duel-unit small modular reactor plant at the company’s Palisades Energy site. Holtec
President Donald Trump has prioritized the development of reactor technologies by accelerating momentum established under 2024’s ADVANCE Act with four May 2025 executive orders that shorten licensing timelines, trim regulations, and streamline reviews in a drive to quadruple the nation’s nuclear energy capacity by 2050.
But the reality of safely achieving that goal was questioned during an April 22 House hearing on the Trump administration’s Nuclear Regulatory Commission (NRC) spending request, which clips allocations by 8 percent and staffing by 7 percent while pushing full-throttle to meet the president’s aim to license 10 new reactors by 2030, including three by July 4, 2026.