Holtec Signs Agreement with DOE to Build Small Modular Reactor at Savannah River Site

Holtec has released information regarding its agreement with the Department of Energy to build its small modular reactor at the Savannah River Site (SRS).

"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," the release states. "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."

The SMR-160 is a 160 MW(e) reactor based on Holtec's HI-SMUR technology, which stands for Holtec Inherently Safe Modular Underground Reactor. It is the industry's first truly passive power plant, according to the release, because it does not require a pump or external source of power during normal operation, abnormal excursion, or in response to accidents. Holtec has designed the system to be safer by using gravity as the motive energy in all the reactor's critical safety systems. The company sees this reactor as the centerpiece of the smart micro-grid at SRS, providing secure and clean power to the entire SRS and other strategic government installations in the surrounding region.

“Holtec’s leadership embraces this new partnership with SRNL and DOE-SR as both a validation of the maturity and inherent safety of the HI-SMUR technology; and a solid evidence of Holtec International’s commitment to making the SMR world's most ubiquitous source of carbon free energy. The Company plans to establish a manufacturing plant in South Carolina to build reactor components for delivery to SMR projects around the world,” said Pierre Oneid, Holtec's Senior V.P and SMR, LLC President.

According to the release, Holtec has already begun working with DOE-SR and SRNL to evaluate and identify preferred construction sites at SRS for SMR-160 to accelerate its development and subsequent commercialization.

On Friday, the DOE announced its agreement Holtec, as well as agreements with Hyperion Power Generation and NuScale Power at the Savannah River Site for their respective SMRs.

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