Palisades SMR-300 (two units)

Who's building it

Hyundai Engineering & Construction (construction partner)

Sources: power-eng.com

Not yet named (the restarted Palisades plant's output goes to Wolverine and Hoosier; the SMRs have no named buyer)

• Russian uranium ban → enrichment squeeze → advanced reactors

  STEP 4/6 · AT RISK HALEU is the bottleneckMost advanced designs need HALEU (5–20% enriched), with no commercial US supply at scale yet.

  STEP 6/6 · SECURE Standard-fuel SMRs are less exposedLight-water SMRs (BWRX-300, SMR-300) use regular low-enriched fuel, which Western enrichers supply.

• DOE loan review → first-of-a-kind financing gap

  STEP 4/4 · WATCH Office relaunched as Energy Dominance FinancingLending shifts toward nuclear and utility expansions (AP1000 offers, Constellation uprates).

Critical inputs

UraniumZirconium

Policy that applies

• 45Y / 48E: all other clean power and storageACTIVE
• 45U: existing nuclearACTIVE
• DOE adds helium to the Critical Material ListIN EFFECT
• DOE Energy Dominance Financing: 10 large reactorsCONDITIONAL OFFERS
• DOE Energy Dominance Financing: Constellation and AlliantANNOUNCED
• Russian uranium import ban: waiver periodWAIVERS UNTIL 2028

• Palisades restartConstruction

• latitudemedia.com
• ans.org