Holtec International said July 9 that it is teaming up with a major international vendor and a South Carolina utility that’s already building a nuclear plant to help Holtec commercialize its small modular reactor (SMR) technology.
Holtec said that its SMR LLC subsidiary is working with two new partners – CB&I (NYSE:CBI) and SCANA (NYSE:SCG) subsidiary South Carolina Electric & Gas. The Holtec team filed its application for a second round of Department of Energy (DOE) funding for small reactor technology.
A Babcock & Wilcox affiliate won the first round of DOE funding to develop a small modular reactor at a Tennessee Valley Authority (TVA) site by 2022.
Holtec already had a strategic alliance with URS and Public Service Enterprise Group (NYSE:PEG) subsidiary PSEG Power.
Holtec said July 9 that under a new memorandum of understanding, CB&I (which acquired Shaw Group a few months ago) will continue to support Holtec in the development of its SMR-160 design. The SMR 160 is a 160-MW pressurized water reactor (PWR) designed to be powered only by gravity under all operational modes.
Holtec noted that CB&I is the only architect-engineer currently building new nuclear units in the United States. The combined resources of CB&I and URS will help the SMR-160 Project shave at least one year from SMR-160′s detailed design development schedule, Holtec said.
SCE&G, with its immersion in the construction of two new AP1000 nuclear units at V.C. Summer, has provided “a treasure trove of practical insight” that is being woven into the SMR-160′s design, Holtec said.
Holtec plans submittal of the design certification application to the Nuclear Regulatory Commission by December 2016.
Holtec has centers in North America, Asia and the Ukraine. It’s world headquarters is based in Florida. Holtec is probably best known in North America for its nuclear fuel and waste management business – including dry cask storage and transport.