We are pleased to announce the award of a severely contested contract for turnkey supply of a Dry Cask Storage Facility at Krško Nuclear Power Plant in Slovenia to Holtec International. NEK’s (Nuklearna Elektrana Krsko) initial decision to award the contract to Holtec in May 2016 was strenuously protested by Areva leading to nine months of independent expert reviews under the auspices of the country’s “National Review Commission”. “Slovenia’s process for an exhaustive and deliberative consideration of the aggrieved bidder’s representations is exemplary in respect of fairness and transparency. Unfortunately, the project schedule has been admittedly strained to accommodate this process,” says Dr. Richard Springman, Holtec’s Director of International Projects.
Holtec, along with other companies moving into Camden, will help Camden recoup from the urban decay that has engulfed the once-thriving city over the last few decades. Holtec’s efforts to make positive change in Camden are a multi-faceted strategy that includes hiring city residents, using local contractors, buying local goods and services, and frequenting local eateries.
A very large and integrated team focused on safety and continuous improvement to successfully complete Watts Bar’s first used fuel storage campaign.
During a span of seven weeks, the Independent Spent Fuel Storage Installation (ISFSI) team loaded and moved 222 used fuel bundles from the spent fuel pool into robust storage containers and then onto the seismically designed ISFSI pad.
The risk of an accidental pool drain-down precipitating the dreaded specter of zirconium fire, while non-credibly improbable, stalks the decision-making process of every nuclear plant owner preparing to draw down its work force after ceasing operations. Addressing this concern has led Holtec to develop the proto-prompt decommissioning strategy, which we are pleased to unveil below in this news bulletin. The proto-prompt decommissioning envisages conversion of the plant to green field in roughly 5-1/2 years after a reactor’s shutdown. Meeting this ambitious schedule requires that the pool be defueled by transferring its used nuclear fuel to dry storage in no more than 2-1/2 years after the reactor’s shutdown.
Jupiter, Florida; In 2016, we completed 30 glorious years of operation. By every measure, our Company has performed spectacularly – growing employment at every one of the Company’s operation centers, rising sales, soaring capital investment, increasing annual revenue, EBIDTA & net income, strengthening employee satisfaction scores, excellent nuclear quality and timely delivery metrics, a robust culture of innovation as measured by new patents issued to the Company and, above all, a worker safety record at our manufacturing plants and power plant sites that is among the best-in-class in the nation.
We are pleased to report the safe and successful completion of the first cask loading campaign at Watts Bar, home of TVA’s newest PWR located on the Tennessee River. The plant utilizes Holtec’s high capacity MPC-37 canister, whose high heat rejection capacity is attributed to the monolithic fuel basket made from METAMIC-HT, a patented nanotechnology product introduced by Holtec in 2006.
We applaud Entergy’s November 8, 2016 announcement to accelerate the decommissioning of Vermont Yankee by several decades. This pioneering move by Entergy should be a pace setter for the nuclear industry and welcome news for the people of Vermont. We are proud that this expedited decommissioning will be possible, in part, because of Holtec’s introduction of the industry’s first nanotechnology-derived fuel basket (Metamic-HT) a decade ago (in 2006), which makes it possible to safely transfer two-year old used fuel to dry storage in full accord with the NRC’s guidance and regulations. Accelerated defueling of the reactor vessel and the fuel pool equates to the expedited start of decommissioning of a retiring plant. Entergy’s announcement means that decommissioning does not need to be preceded by decades of SAFSTOR (wet storage in the fuel pool) with its cost and schedule uncertainty, and the sad silhouette of a deceased nuclear plant does not need to loom over the landscape for decades.