Home/SMR Projects

Holtec Pioneer Units 1 and 2 — Palisades SMR-300

Developer
Holtec International / Hyundai Engineering & Construction
Capacity
600 MWe
Last updated
5/17/2026

Project overview

Reactor type
PWR
Announced
2/25/2025
Projected operational
12/31/2030

Notes

Holtec International received NRC docketing of its Limited Work Authorization application for Pioneer Units 1 and 2 — dual SMR-300 reactors at the Palisades Nuclear Generating Station in Covert, Michigan — on February 27, 2026. This is the first NRC construction permit application for an SMR-300 and one of the most significant regulatory milestones in the US SMR programme. Under Mission 2030, announced February 25, 2025 with Hyundai E&C, the Pioneer units target operation by 2030 alongside the Palisades large reactor restart. Holtec received a $400 million DOE grant in December 2025 to support this programme. The dual restart-and-build strategy at Palisades is unique in nuclear history.

SMR Brief Pro members also see:

  • Risk Score: ████████
  • Opportunity Score: ████████
  • Score Rationale: ████████
  • Analyst Notes: ████████
  • Related News: ████████
  • Related Companies: ████████
  • Related Deals: ████████

Get the full intelligence dossier on every SMR project.

Track every SMR project worldwide with SMR Brief Pro