Holtec International and Eos Energy Storage, LLC Team up to Establish HI-POWER, a Multi-Gigawatt Aqueous Battery Manufacturing Facility

Holtec International and Eos Energy Storage (Eos), the developer of Znyth®DC battery systems, announce the formation of HI-POWER, LLC, a multi-gigawatt manufacturing joint venture to mass produce state-of-the-art aqueous zinc batteries for industrial-scale energy storage. 

HI-POWER is poised to leverage Eos’s innovative non-flammable battery technology and Holtec’s manufacturing automation know-how to operate a manufacturing facility that can meet the burgeoning demand for high- quality batteries for storage of carbon-free energy from renewable energy and nuclear power plants. The HI-POWER plant will be located close to the Pittsburgh-based Holtec Manufacturing Division (HMD), which custom manufactures capital equipment for the global power industry. Small scale production has been successfully demonstrated; large scale production is expected to begin in late November.

The HI-POWER battery installation will serve to store surplus power from Holtec’s SMR-160 small modular reactors to deliver power to the grid during peak periods of demand making the notion of microgrid and distributed generation a truly viable concept.

“We are excited to partner with Holtec to establish a world-class manufacturing facility and also work together to bring our DC system to Holtec’s existing customer base,” said Joe Mastrangelo, Chief Executive Officer of Eos.

The Eos batteries are zinc hybrid cathodes, which provide a safe, sustainable and scalable alternative to their lithium ion counterpart; they also operate across a wide temperature range without HVAC and the risk of fire or explosion. The current generation batteries feature over four hours of energy delivery from 100 percent charge to full discharge and can operate in -15ºC to 45ºC temperature range without thermal conditioning. Additionally, the batteries are comprised of high-volume core commodity components, use no rare earth materials and are fully recyclable. They are modular, fungible and fire-immune enabling in-building (sheltered) as well as unsheltered installation in the size and capacity of the user’s choosing. 

In addition to partnering in the HI-POWER manufacturing program, Holtec’s engineering organization will collaborate with Eos in the development of the next generation batteries using the Company’s cutting-edge technologies in Computational Fluid Mechanics and automation. 

“We have entered the battery industry to provide the means to store large quantities of electrical energy from nuclear, solar and other renewable energy generation facilities and deliver power to the user on demand. The availability of a suitably sized battery-powered energy storage plant will make our SMR-160 reactor even more valuable to our customers. To cut unit production cost, we plan to expand our facility as warranted by the demands of the market,” says Dr. Kris Singh, President and CEO of Holtec International.

Holtec will also collaborate with Eos in sales and marketing of HI-POWER produced batteries.  

“Although we continue to invest in our nuclear business and believe in the future of our small modular reactor program for low carbon baseload energy, we recognize that renewables must also play a critical role in reducing carbon emissions going forward. A key limitation of renewables has been variability in production, which can be levelized with the DC battery system, helping drive a fundamental shift in the renewables market,” stated Dr. Rick Springman, Holtec’s Vice President of International Projects.

Eos, founded in 2009, has conducted over 15 million hours and two million test cycles in developing its Znyth®DC battery system and has produced over 3,000 batteries for industrial, utilities and micro-grid applications across four continents.

Holtec International Overview          

Holtec International is a privately held energy technology company with operation centers in Florida, New Jersey, Ohio and Pennsylvania in the U.S., and globally in Brazil, Dubai, India, South Africa, Spain, U.K. and Ukraine. Holtec’s principal business concentration is in the nuclear power industry. Holtec has played a preeminent role since the 1980s in nuclear plants’ wet spent fuel storage in pools at over 110 reactor units in the U.S. and abroad. Dry storage and transport of nuclear fuel is another area in which Holtec is recognized as the foremost innovator and industry leader with a dominant market share and an active market presence in over 115 reactor units. Among the Company’s pioneering endeavors are the world’s first below-ground Consolidated Interim Storage Facility being licensed in New Mexico and a 160-Megawatt walk away safe small modular reactor, SMR-160, developed to bring cost competitive carbon-free energy to all corners of the earth. Holtec is also a major supplier of special-purpose pressure vessels and critical-service heat exchange equipment such as air-cooled condensers, steam generators, feedwater heaters, and water-cooled condensers. Virtually all products produced by the Company are built in its three large manufacturing plants in the U.S. and one in India. Thanks to a solid record of consistent profitability and steady growth since its founding in 1986, Holtec has no history of any long-term debt and enjoys a platinum credit rating from the financial markets. Nearly 100 U.S. and international patents protect the Company’s intellectual property from predation by its global competitors and lend predictable stability to its business base.

Eos Energy Storage Overview

Eos Energy Storage is ready to help scale clean energy faster. Eos battery solutions ensure renewables are as reliable and competitive as the market expects and sustainable as the world needs. The Eos Aurora® system integrates the company’s aqueous, zinc battery technology (Znyth®) to provide a safe, scalable, and sustainable alternative to Lithium Ion. Optimized with relentless testing, the Eos battery is non-flammable, proven to perform, made with widely available materials and is fully recyclable. Eos Energy System is headquartered in Edison, NJ.

Holtec Completes Acquisition of Pilgrim Nuclear Power Station

Holtec International’s subsidiaries completed the acquisition of the Pilgrim Nuclear Power Station in Massachusetts from Entergy Corporation today. This asset transfer was enabled by the recent approval by the Nuclear Regulatory Commission (NRC) to transfer the plant’s operating license to Holtec subsidiaries: Holtec Pilgrim, LLC as the owner and Holtec Decommissioning International, LLC (HDI) as the license holder and decommissioning operator for the plant.

Reissued Version (With Minor Edits) NRC Approves Pilgrim License Transfer to Holtec for Decommissioning

The Nuclear Regulatory Commission (NRC) approved the transfer of the Pilgrim Nuclear Power Station operating license today from Entergy Corporation to Holtec International for decommissioning. The NRC review confirmed that Holtec met the regulatory, legal, technical and financial requirements to merit qualification as the successor licensee of the plant. 

The USNRC Certifies HI-STAR 100MB; Industry’s Most Versatile Transport Package

We thank the USNRC for their assiduous review and certification of the HI-STAR 100MB transport package (Docket # 71-9378) which, given its versatility and fungibility, is destined to become America’s workhorse for transporting used nuclear fuel. We expect this cask to be employed to transport used fuel of all different sizes and lengths from the nuclear plant sites around the country to our consolidated interim storage facility, HI-STORE CIS (under licensing) in southeastern New Mexico, or directly to a repository. 

Recently Concluded Dry Storage Campaign at Dominion’s V.C. Summer Plant Marked by Record Low Dose, Zero Safety Issues and Rapid Completion

We are pleased to announce that Holtec has successfully loaded four HI-STORM FW systems at Dominion Energy’s V.C. Summer Nuclear Station. V.C. Summer’s second spent fuel campaign was ahead of schedule with zero industrial safety events and no human performance errors. Dose to plant personnel was well below the campaign target with the total crew dose for the four-cask campaign coming in at 779 mRem, thanks to the excellent performance of the loading crew and the superb shielding imbedded in the dry storage system and ancillaries. 

Holtec Government Services, LLC Awarded Contract by Battelle for Design, Certification and Fabrication of TPBAR Transportation Casks

We are pleased to announce that Battelle, Pacific Northwest Division, the management and operating contractor of the U.S. Department of Energy’s Pacific Northwest National Laboratory, completed their evaluation under a competitive solicitation and awarded a contract to Holtec Government Services, LLC (HGS) for the design, certification and fabrication of two new transportation casks, dedicated trailers and ancillary equipment for the shipment of Tritium Producing Burnable Absorption Rods (TPBARs). The new transportation casks will be dedicated to shipment of TPBARs from the TVA Watts Bar Nuclear Plant to the Savannah River Site. 

Holtec’s 28-Year Long History of Supply of Wet Storage Equipment to Duke Energy’s Harris Nuclear Plant Continues with the Latest Installment of High-Density Racks

We are pleased to announce that Holtec fabricated and delivered six PWR high-density spent fuel racks and associated ancillary equipment to Duke Energy’s Harris Nuclear Plant well ahead of the promised contractual date.  Blessed with four Fuel Pools, the single unit Shearon Harris is unique among nuclear plants in the matter of wet storage capacity. Holtec has designed and provided PWR and BWR high-density racks to Harris starting with a contract entered in 1991. Several repeat contracts have followed since 1991 with the latest established in 2018 and delivered in early 2019. The spent fuel racks will be installed in Pool D during Phase 1.

Holtec Completes Acquisition of Oyster Creek Generating Station

Holtec International’s subsidiaries completed the ownership transfer and acquisition of the Oyster Creek Generating Station from Exelon Generation today. This follows the recent approval by the Nuclear Regulatory Commission (NRC) to transfer the plant’s operating license to Holtec subsidiaries Oyster Creek Environmental Protection, LLC (“OCEP”), as owner, and Holtec Decommissioning International, LLC, as operator (“HDI”), for decommissioning.

NRC Approves Oyster Creek License Transfer to Holtec for Decommissioning

The Nuclear Regulatory Commission (NRC) approved the transfer of the Oyster Creek Generating Station operating license today from Exelon Generation to Holtec International.  The NRC review confirmed that Holtec met the regulatory, legal, technical and financial requirements to merit qualification as the successor licensee of the plant. 

Dr. Kris Singh and Yuriy Nedashkovsky after document signing

Holtec, Energoatom and SSTC enter into a Trilateral Consortium Partnership to advance the SMR-160 nuclear reactor for deployment across Ukraine

Mitsubishi Electric commits to stage two of SMR-160 Alliance with Holtec with a large resource commitment 

June 10, 2019 Camden, NJ: Ukraine’s national nuclear operator NAEK Energoatom, the nation’s State Scientific and Technology Center (SSTC), and Holtec International ratified the creation of a consortium partnership that binds the three companies into a cooperative undertaking to chaperone the deployment of the SMR-160 small modular reactors in the country. The Consortium is a US company registered in Delaware with each of the three parties owning allotted shares. The Consortium’s technology operation center will be based in Kiev, Ukraine. This Consortium will give fresh impetus to realize the objectives of the MOU signed by Energoatom and Holtec last year that envisages building of six SMR-160s at the country’s Rivne nuclear station site. President Yuriy Nedashkovskyof Energoatom and Dr. Kris Singh of Holtec signed the Consortium document in person with SSTC President Igor Shevchenko signing remotely. The signing ceremony was attended by senior Holtec officials and delegations from Mitsubishi Electric Corporation (MELCO), US Department of Energy and Energoatom. Speaking at the signing ceremony, Mr. Nedashkovsky spoke of the dominant role played by nuclear in Ukraine’s energy mix providing over 50% of the nation’selectric generation and expressed the confidence that SMR-160s will provide a clean energy successor to the nation’saging fleet of coal-fired plants. He assured the attendees that there is a national consensus in Ukraine to build SMRs which has been reached after extensive research and consultations.