American energy technology company focused on nuclear storage and decommissioning
The Palisades nuclear plant near Lake Michigan has been repeatedly delayed after Holtec International restarted a plan to revive the shuttered reactor. The project, begun soon after the plant’s sale, has faced corrosion discoveries, supply-chain hiccups and an underground leak, underscoring the hurdles in reviving U.S. nuclear energy despite bipartisan interest.
Oura has postponed its U.S. IPO plan, citing uncertainty in the IPO market. The health-tech ring maker had aimed to raise up to $2.2 billion and list on Nasdaq. Executives say the move reflects current macro headwinds, including rising bond yields and AI spending concerns.
The Department of Energy has begun lending up to $4.4 billion to restart three decommissioned U.S. nuclear plants—Palisades (Michigan), Three Mile Island (Pennsylvania), and Duane Arnold (Iowa)—to restore about 2.25 gigawatts of power. The move aims to deliver carbon-free electricity quickly, with contracts from Big Tech underpinning some plants. Critics warn safety and aging infrastructure are at risk as the Trump administration doubles down on nuclear energy.