The press conference called by the Commerce Department of the State of South Carolina was addressed by the State’s Governor, The Honorable Nikki Haley, Holtec’s President and CEO, Dr. Kris Singh, SCE&G’s COO, Mr. Steve Byrne, AREVA’s (U.S.) CEO Mr. Michael Rencheck, Columbia Mayor, Mr. Steve Benjamin, and Chairman of the Southern Carolina Alliance, Mr. John Williamson.
We are pleased to announce that our subsidiary, SMR, LLC, has submitted a proposal to DOE’s Small Modular Reactor (SMR) Funding Opportunity Announcement (FOA) which seeks to award a total of $452 million in matching grant funds to two U.S. companies. The FOA, aiming to spur the rise of domestic nuclear design and supply capacity, limits eligible recipients to U.S. owned (ruling out non-U.S. based) companies.
We are pleased to announce that the Company has partnered with NuHub, a collaborative group of public, private, academic, and community development groups working to maximize the economic and job creation impact of the nuclear renaissance on the Midstate of South Carolina, to compete for one of two federal grants from the U.S. Department of Energy (DOE) for small modular reactor (SMR) development. The recently announced federal award, totaling up to $452 million, will support engineering, design certification, and licensing for up to two prototype SMR designs, paving the way for the deployment of the first SMR units by 2022.
We are pleased to announce that a Memorandum of Agreement (MOA) between our wholly owned subsidiary SMR, LLC and the U.S. Department of Energy Savannah River Office (DOE-SR), along with the Savannah River National Laboratory (SRNL), has been executed to situate our first 160 MW(e) small modular reactor at the Savannah River Site (SRS). The MOA establishes a framework in which Holtec, SRNL, and DOE-SR will leverage the unique assets and resources of the sprawling 310-square mile SRS near Aiken, South Carolina for expedited development, licensing, construction, commissioning, and operation of our flagship reactor, named SMR-160.