The rise of renewable energy generation, such as solar and wind, has introduced increasing oscillation in power output delivered to the electric grid. Storing electrical energy on an industrial scale to stabilize the transmission grid and to minimize wheeling of power over long distances is increasingly a critical imperative for the world’s energy infrastructure. Holtec International (Holtec) and Eos Energy Storage (Eos) based in Edison, NJ are poised to address this challenge using the revolutionary Eos Aurora® battery system powered by Eos’ proprietary Znyth® technology which is the centerpiece of the Alliance Agreement signed by Holtec and Eos. Under the Agreement, Holtec owns a significant equity stake in Eos and will establish a production facility in Camden, NJ, to manufacture the “batteries” in a state-of-the-art assembly line.
We are pleased to announce the successful completion of the largest defueling project of a BWR plant in the U.S. – a project that was completed in record time. Entergy Nuclear signed a contract with Holtec to expeditiously defuel the Vermont Yankee (VY) spent fuel pool. The overall project scope included construction of a second ISFSI pad, security expansion, engineering, licensing, manufacturing, delivery and loading of 45 HI-STORM cask systems, all on a turnkey basis.
As reported in the media, Entergy Corp. (NYSE: ETR) has agreed to sell the subsidiaries that own the Pilgrim Nuclear Power Station in Plymouth, Massachusetts, and the Palisades Power Plant in Covert, Michigan, after their shutdowns and reactor defuelings, to a Holtec International subsidiary for accelerated decommissioning. The sales include the transfer of the licenses, spent fuel, and Nuclear Decommissioning Trusts (NDTs), as well as the site of the decommissioned Big Rock Point Nuclear Power Plant near Charlevoix, Michigan, where only the Independent Spent Fuel Storage Installation (ISFSI) remains. The transactions are subject to conditions to closing, including approvals from the U.S. Nuclear Regulatory Commission (NRC) of the license transfers.
Exelon Generation, the owner of the nation’s largest fleet of nuclear energy facilities, and Holtec International, a global leader in used nuclear fuel management technologies, today announced an agreement for Holtec to purchase Oyster Creek Generating Station.
On February 22nd, 2018 Holtec International formalized a multi-year agreement for the supply of HI-STORM dry storage systems and pool-to-pad loading services with Comanche Peak Nuclear Power Plant (CPNPP). The long-term agreement vests soup-to-nuts responsibility with Holtec for the plant’s spent fuel management through year 2033.
Holtec International and SNC-Lavalin (TSX: SNC) group are pleased to announce a new US-based joint venture company named Comprehensive Decommissioning International, LLC (CDI). The Company, headquartered in Camden, New Jersey, has been established to bring the expertise of both companies together to ensure safe, rapid, and economic decommissioning of shuttered nuclear plants.
We are pleased to announce that the Krishna P. Singh Technology Campus in Camden, NJ has been selected to receive several awards for its quality, complexity and swiftness of construction, including the LEED Honor and the CMAA Project Achievement Award. The Krishna P. Singh Technology Campus is a 50-acre state-of-the-art campus, which features a 7-story engineering office building, a heavy manufacturing plant, and a light manufacturing plant. These manufacturing plants bring Holtec’s total manufacturing floor space to nearly 1.5 million square feet.
We are pleased to announce that the USDOE has accepted Holtec’s proposal to advance and commercialize a cutting-edge technology known as hybrid laser arc welding for use in nuclear structures and systems. Our own SMR-160 small modular reactor program will be a principal beneficiary of the fruits of this R&D program. We anticipate that this advancement will help improve the quality of welds in the entire range of critical service components, from thick-walled reactor vessels to thin-walled multi-purpose canisters. Brian Farnsworth, Holtec’s principal subject matter expert and noted innovator of welding and non-destructive examination technologies, stated, “this project will allow us to investigate and develop very low weld heat input techniques coupled with grain size control (refinement), mechanical properties optimization, high joint fill rates utilizing narrow gap, and very close control of weld heat-affected zone size.”
Beijing, China, May 29, 2018: Reflecting the significance of the occasion, Holtec, CNNC Everclean and its parent, CNNC Environmental Protection Corporation, and CNEIC executives assembled to sign the contract that envisages Holtec to deliver its latest model transport casks and associated ancillaries by November 2020. The cask model selected by Everclean is HI-STAR 100MB which transports fuel in both MPC and “bare basket” with a wide range of initial enrichments and burn-up. Designed to transport the whole spectrum of PWR fuel-damaged and in-tact, this cask is intended to serve as a workhorse to aggregate used fuel from America’s 73 nuclear sites to a single interim storage facility in Southeast New Mexico called HI-STORE CISF. HI-STORE CISF, which uses Holtec’s threat-defying subterranean storage system, is currently undergoing regulatory review.
On May 25, 2018, President Petro Poroshenko chaired the first meeting of Ukraine’s National Investment Council. This select group of the country’s leading industrialists and bankers convened to discuss their plans and visions for accelerating Ukraine’s industrial growth. President Poroshenko gave an in-depth discourse on Ukraine’s recent progress in improving its global competitiveness metrics. He also expounded on his administration’s continuing efforts to boost the country’s position as a favored destination for inflow of capital and expertise. The meeting was held in the recently renovated Mariinsky Palace in Kiev, Ukraine.