Labadie Power Plant’s new power plant will start generating power this month, but there’s still a long way to go before the facility can be used to generate electricity.
Power plant owner iLab Power announced on Monday that it will begin producing power in November, with the plant expected to produce power for over three years.
“Labadie will be the first large-scale nuclear plant in the world to begin generating power at the end of November,” the company said in a statement.
The facility will have enough capacity to power about 1.5 million homes for about three years, but the company will have to work hard to get that many homes powered.
iLab has to start supplying electricity to the power plant’s 6.2 million customers, which include a few large corporations like Walmart and the University of Michigan.
Labadies power plant is expected to begin producing electricity in November.
Even though the facility has been operating at full capacity, the plant still has a long ways to go. iLab Power said it plans to continue building more reactors as it looks for new ways to reduce the amount of nuclear waste that would be released into the environment.
“We are currently looking at other ways to move waste to a site closer to home,” iLab said.
However, the company has already announced plans to shut down the plant, which will shut down on October 1, 2021.
The company plans to sell the power produced from the plant to a local utility, which could have the plant restarted soon.
According to iLab, the power generated by the plant is the equivalent of about 20 percent of the nation’s electricity.
As a result, iLab will have about $100 million to buy power from a local electricity company to keep the plant running, but iLab also plans to pay for the power to be exported to a nuclear power plant in Canada.
A report from Bloomberg noted that Canada’s nuclear energy industry is suffering from a lack of investment.
“While the Canadian nuclear industry is thriving, it’s also lagging far behind in terms of investment,” the report said.
“That’s because the U.S. and Europe are the biggest markets for nuclear power, but Canada is one of the least interested in investing in the sector.”
The Bloomberg report noted that while iLab is aiming to export power to Canada, that export program has not yet been finalized.
For now, iLabs new power station will produce power to the local community for the first time.
Power plants are typically built on the site of a nuclear waste dump, and since the dump is still closed, the facility will likely be in need of a new source of power.
iLabadia power plant has been under construction since 2005.
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