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.
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.
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.
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).
Groundbreaking Ceremony Marks the Beginning of the Rise of the Holtec Technology Campus on the Delaware Waterfront, in Camden, NJ
In the pleasant, sunny afternoon of July 1, 2015, local and state officials led by Lieutenant Governor Kim Guadagno, joined by over 200 community leaders and stakeholders, witnessed the first of four thousand large concrete-filled steel piles to firmly pierce the ground, which will form the support foundation for the massive structures of the new Holtec Technology Campus. The Campus will house Holtec’s corporate engineering center, two large manufacturing plants, a reactor test loop and a number of ancillary facilities. Calling the future Holtec Technology Campus a “cathedral of industry”, Dr. Singh proclaimed that, “… our Campus will be the place where our innovations will be developed, nurtured, nourished and manufactured.” Firmly predicting that the city of Camden will be the birthplace for Holtec’s transformative “walk away safe” small modular reactor, SMR-160.
We 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.
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.
Holtec International is pleased to announce that PSEG Power has deepened their commitment to the development of the SMR-160. The Holtec SMR-160 is a pressurized water reactor designed by Holtec’s subsidiary SMR, LLC which employs gravity to cool the core under all operating and accident modes. It is a light water reactor with the reactor, steam generator, and spent fuel pool located inside the containment. The reactor core is located below grade. The Holtec SMR-160 has a rated electrical output of 160 MWe. Under terms of the agreement, PSEG Power will continue to offer their technical expertise, including reactor operations, operator training, procedure development, site safety, regulatory affairs, and security to inform the design from an operations and maintenance perspective. In exchange, PSEG Power has been granted an option to acquire an ownership interest in the technology, which paves the way for PSEG Power to be responsible for the training and operations of the SMR-160 when the new reactor units are built.
We are pleased to confirm that our wholly owned subsidiary, SMR, LLC submitted an application for the Funding Opportunity Announcement (FOA) to the DOE on July 1, 2013. The preceding two issues of this news bulletin headlined our strategic alliance with PSEG Power and the MOU with URS on the SMR-160 Development Project. In this issue, we proudly report that two other industry leaders, who were members of our 2012 FOA application, remain committed to the SMR-160 Team — CB&I and South Carolina Electric & Gas (SCE&G).
PSEG Power Joins Team to Advance Design
Holtec International is pleased to announce that on July 1, the Company will submit its request for financial support to the Department of Energy pursuant to the Funding Opportunity Announcement #DE-FOA-0000800 dated March 11, 2013.
Our proposal has been prepared with substantial assistance from PSEG Power, which is New Jersey’s largest power generator and the operator of the Salem and Hope Creek nuclear plants in the southern part of the state. Under our strategic alliance with PSEG Power, the development of the Design Certification Application for the SMR-160 technology is being directly supported by PSEG Power.