Strong Support for the HI-STORE Consolidated Interim Storage Facility in New Mexico

ELEA and Holtec International’s HI-STORE CISF to Deploy Holtec’s HI-STORM UMAX
ELEA and Holtec International’s HI-STORE CISF to Deploy Holtec’s HI-STORM UMAX

We are pleased to report that the State of New Mexico has approved the land sale option allowing Holtec International to purchase 1,000 acres of land from the Eddy Lea Energy Alliance (ELEA). The land acquisition option paves the way for Holtec to build a Consolidated Interim Storage Facility (CISF) in Southeast New Mexico, which has been named HI-STORE. The New Mexico State Board of Finance (SBoF), led by Governor Susana Martinez, overwhelmingly supported the CISF project by approving the land purchase option. The SBoF is charged with the responsibility of approving property sales by any political subdivision in the state of New Mexico, as well as approving any financial or business investments by the State. The members of the SBoF are keenly aware of the role that HI-STORE might play to solve the Nation’s used fuel storage problem and diversify the economy in Southeast New Mexico. The land deal is a major milestone for the Holtec International-ELEA Team and a huge step in assuring Holtec that the Company’s agreement with ELEA to purchase the property is secure.