Nicholas Abraczinskas, Pankaj Chaudhary, Joy Russell, & Mark Soler Join Holtec’s Executive Leadership Team

Declaring that “the time has come to augment our executive team to better manage our rapidly expanding operations and to recognize the contributions of our most distinguished company stalwarts,” Dr. Kris Singh, Holtec’s President & CEO, presented certificates commemorating the elevation of Nicholas Abraczinskas, Pankaj Chaudhary, Joy Russell, and Mark Soler to the position of vice president. All four are Holtec veterans, having served in the position of “Director” (a mid-management corporate position) in different divisions at the Company’s New Jersey operations center.

Holtec’s Small Modular Reactor, SMR-160, Advances to the Detailed Design and Safety Analysis Phase

We are pleased to announce that the preliminary design details of our small modular reactor, SMR-160, and all essential scoping safety analyses have now been successfully completed. The detailed design phase, scheduled for launching on August 1, 2012, will encompass the development of hundreds of design drawings, scores of reports, and in-depth safety analyses using state-of-the-art computer codes. Only those computer codes that have been quality validated by Holtec in accordance with USNRC’s published guidance will be used. Our engineers are scheduled to brief the USNRC on the key features of SMR-160 on July 26, 2012 at the Agency’s headquarters. Many more in-person interactions with the NRC are planned for the coming months to pave the way for the submittal of the Construction Permit Application and Preliminary Safety Analysis Report in June 2014.

Breakthrough in SMR-160 Core Design

We are pleased to announce that Holtec International’s engineers and scientists have successfully modified the core of the Company’s SMR-160 small modular reactor to increase the cycle life (operating period between successive refuelings) to nearly 4 years from 3-1/2 years previously achieved using a conventional design. The enhanced core design, referred to as “Opti-Core,” was recently filed with the USPTO for worldwide protection of the underlying intellectual property. This design innovation makes SMR-160 the industry leader in terms of the length of the operating cycle. Thanks to the unitary cartridge design of the core, the outage duration is reduced to 5 days. Together, the length of the operating cycle and short outage duration increases SMR-160’s theoretical availability factor (exclusive of any forced outages) to an eye-popping 99.6%!

License Application for HI-STORM UMAX, the Universal Underground Used Fuel Storage System, Submitted to the USNRC on June 29, 2012

We are pleased to announce the license application for securing the general certification of the HI-STORM UMAX, multi-purpose canister based storage system, was submitted to the USNRC last Friday, June 29, 2012. Engineered to store used fuel canisters in a below-grade configuration, HI-STORM UMAX is anatomically similar to the previously licensed HI-STORM 100U system, the development of which was prompted by the beyond-the-design-basis-threats in the wake of 9/11. HI-STORM UMAX is a larger version of HI-STORM 100U, with enhanced air circulation features and an increased cavity diameter to permit storage of any canister thus far in use at any site in the US.

For immediate release: Press Conference on Small Modular Reactor, Columbia, South Carolina, June 19, 2012

The press conference called by the Commerce Department of the State of South Carolina was addressed by the State’s Governor, The Honorable Nikki Haley, Holtec’s President and CEO, Dr. Kris Singh, SCE&G’s COO, Mr. Steve Byrne, AREVA’s (U.S.) CEO Mr. Michael Rencheck, Columbia Mayor, Mr. Steve Benjamin, and Chairman of the Southern Carolina Alliance, Mr. John Williamson.

Licensing Submittal for HI-STORM UMAX, the Universal Storage Technology, Planned For This Month

We are pleased to announce the completion of the safety evaluation effort for the HISTORM UMAX (Underground MAXimum capacity) canister storage system (NRC Docket No. 72-1040). The licensing application submittal date is set for June 30, 2012. Underway since 2010, this effort was the subject of a pre-submittal briefing to the NRC’s Division of Spent Fuel Storage and Transportation (SFST) on Thursday, April 19, 2012 [see Holtec Highlights Issue HH27.03]. The licensing package being submitted to the USNRC incorporates the Staff’s inputs from the pre-submittal briefing. The submittal for HI-STORM UMAX has a rather modest objective of obtaining the certification of only the Vertical Ventilated Module (VVM), as it contains no new MPC designs.

Holtec Applies for DOE’s Grant Funds to Support the Development of SMR‐160

We are pleased to announce that our subsidiary, SMR, LLC, has submitted a proposal to DOE’s Small Modular Reactor (SMR) Funding Opportunity Announcement (FOA) which seeks to award a total of $452 million in matching grant funds to two U.S. companies. The FOA, aiming to spur the rise of domestic nuclear design and supply capacity, limits eligible recipients to U.S. owned (ruling out non-U.S. based) companies.

Holtec Partners with NuHub to Compete for $452M DOE Grant for Deployment of SMR‐160 in South Carolina

We are pleased to announce that the Company has partnered with NuHub, a collaborative group of public, private, academic, and community development groups working to maximize the economic and job creation impact of the nuclear renaissance on the Midstate of South Carolina, to compete for one of two federal grants from the U.S. Department of Energy (DOE) for small modular reactor (SMR) development. The recently announced federal award, totaling up to $452 million, will support engineering, design certification, and licensing for up to two prototype SMR designs, paving the way for the deployment of the first SMR units by 2022.

HI-STORM UMAX Unveiled at USNRC Pre-Submittal Briefing

On April 19, 2012, Holtec International presented a new subterranean multi-purpose canister (MPC) based storage system in a pre-submittal briefing to the USNRC. In development since 2010, HI-STORM UMAX (for Underground MAXimum capacity) is physically sized to store all of the used nuclear fuel produced in the United States and all canisters currently licensed in dry storage in the country making it a truly universal on-site storage facility. HI-STORM UMAX, like its forerunner HI-STORM 100U certified by the USNRC in 2009, stores the MPC entirely below-ground and emits virtually zero dose. HI-STORM UMAX (Docket Number 72-1040) has heat rejection capacity in excess of 47 kW and stores up to 37 PWR and 89 BWR assembly MPCs. Like HI-STORM 100U, HI-STORM UMAX is “security-friendly”, providing a clear, unobstructed view of the entire ISFSI (see figure below) from any location and the closure lid is a massive steel weldment filled with concrete.

DOE, Its South Carolina Entities, and Holtec Sign the Protocol to Build the Company’s Small Modular Reactor at the Savannah River Site

We are pleased to announce that a Memorandum of Agreement (MOA) between our wholly owned subsidiary SMR, LLC and the U.S. Department of Energy Savannah River Office (DOE-SR), along with the Savannah River National Laboratory (SRNL), has been executed to situate our first 160 MW(e) small modular reactor at the Savannah River Site (SRS). The MOA establishes a framework in which Holtec, SRNL, and DOE-SR will leverage the unique assets and resources of the sprawling 310-square mile SRS near Aiken, South Carolina for expedited development, licensing, construction, commissioning, and operation of our flagship reactor, named SMR-160.