USDOE to Provide Access to National Laboratories to Support SMR-160’s Ongoing R&D

We are pleased to announce that SMR, LLC has been selected to receive support from the Gateway for Accelerated Innovation in Nuclear (GAIN) for continued development of the SMR-160. On June 26, 2017, SMR, LLC, a wholly owned subsidiary of Holtec International, was awarded a $500,000 GAIN Nuclear Energy voucher. The voucher will be redeemed for access to expertise and capabilities at a national laboratory, accelerating the innovation of the Company’s small modular reactor.

SNC-Lavalin and Holtec Formalize Agreement to Accelerate the Development of SMR-160 Small Modular Reactor

Layout of SMR-160 Small Modular Reactor Facility

Holtec International and SNC-Lavalin have formalized an Agreement to partner in accelerating Holtec’s SMR-160 Small Modular Reactor program to develop and deploy SMR-160 power plants around the world. The partnership aims to vigorously accelerate the reactor system’s ongoing development and international licensing efforts by linking SNC-Lavalin’s world-class Nuclear team with Holtec’s SMR team. SNC-Lavalin’s Nuclear team, based in Mississauga, Ontario, is a nuclear engineering powerhouse, specializing in the design and supply of nuclear reactors as well as nuclear reactor products and services. SNC-Lavalin’s Nuclear team was greatly enhanced by the 2011 purchase of the commercial reactor division of Atomic Energy of Canada Limited along with the development and marketing rights to CANDU® reactor technology.

Mitsubishi Electric Co. (MELCO) and Holtec Resolve to Broaden Cooperation with SMR-160 as the Centerpiece

From left: Koichi Ota (MELCO, Japan), Katsuya Furuta (MELCO, Japan), Dr. Kris Singh (Holtec, USA),
Robert Misback (MEPPI, USA), Thomas Marcille (Holtec, USA)

Officials of the Mitsubishi Electric Co. (Japan), their US subsidiary Mitsubishi Electric Power Products, Inc. (MEPPI) and Holtec (pictured above) held strategic alliance discussions at the Holtec Technology Campus in Camden, New Jersey to reinforce their resolve to forge ahead with renewed vigor to complete the licensing of SMR-160 and to broaden their cooperation.

Joint Development Agreement Signed with Mitsubishi Electric of Japan and its U.S. Subsidiary Solidifying Their Role in SMR-160

We are pleased to announce that our Memorandum of Understanding entered over a year ago evolved into an agreement which formalizes the design authority role of Mitsubishi Electric Corporation (MELCO) and its U.S. subsidiary, Mitsubishi Electric Power Products Inc. (MEPPI) over instrumentation and control (I&C) systems for the SMR-160. On September 21, 2016, officials of MELCO, MEPPI and Holtec ratified the agreement during a signing ceremony in Kobe, Japan (see photo below). Under the agreement, MELCO/MEPPI will continue to develop the digital instrumentation and control systems and the associated human-system interface infrastructure founded on its proven digital control system for nuclear power plants based on the MELTAC control platform (see second photo below).

Holtec and Mitsubishi Electric Forge a Long-Term Partnership to Advance the SMR-160 Design Development Program

We are pleased to announce that Holtec has partnered with the US subsidiary of Mitsubishi Electric Corporation – Mitsubishi Electric Power Products Inc. (MEPPI) – to develop the instrumentation and control solution for the SMR-160. MEPPI will perform the design engineering work effort for the SMR-160 digital instrumentation and control system (DCS) and Human System Interface (HSI), needed for SMR-160 operation. MEPPI will also lead the development of the relevant licensing documents to enable construction and certification in host countries (for example, as required by 10CFR50 or 10CFR52 in the US). The licensing documentation will include applicable materials for a Safety Analysis Report (viz. Chapters 7 and 18 in a PSAR, FSAR, DCA), as appropriate. For our US clients, our partnership envisions the initial approach to licensing and approval in accord with a Part 50 process, and further contemplates continuation of the work effort to achieve Part 52 certification.

SMR-160

Holtec’s R&D Team Declares SMR-160 to be
 “Walk Away” Safe

imageWe are pleased to announce that Holtec’s engineers have succeeded in designing SMR-160 into a “walk-away” safe nuclear power plant, which means that if a calamity were to strike – similar to the tsunami that devastated Fukushima  ̶ the plant will passively (without human intervention) switch to and remain in a safe shutdown and cooled configuration for an unlimited period. Faced with an extenuating event, the reactor will automatically shut down and all of the plant’s fuel – both in the reactor and the spent fuel pool  ̶ will remain in a safely cooled state without the need for electric power. Unlike its peers, which all have limited duration coping periods, requiring water make-up after a specific number of hours or days, the SMR-160 plant is designed to remain passively cooled indefinitely, without requiring any operator activity.

Holtec’s Small Modular Reactor Program Will Proceed without DOE’s Funding

On December 12,2013, the Department of Energy announced it would award funding for developing a small modular reactor design to the Oregon start-up NuScale. While we are disappointed with DOE’s decision to exclude Holtec from the award, we remain confident that our reactor, the SMR-160, has the greatest potential to triumph in a global marketplace because it is designed to meet the highest expectations of safety and is uniquely engineered to compete economically with other sources of alternative energy in the evolving era of cheap fossil fuels. Accordingly, we remain firm in our decision to forge ahead on our own and bring SMR-160 to the world as a carbon-free alternative that, once and for all, would rid nuclear power of the stigma of Fukushima, Chernobyl and TMI.