Executive Insight, Nuclear

NuHub to compete for DOE small modular nuclear reactor funding

NuHub and the state of South Carolina are partnering with Holtec International Inc.  to compete for the second round federal funding opportunity from the U.S. Department of Energy (DOE) for small modular reactor (SMR) development.

Building off the cost-share agreement announced in November 2012, this follow-on award is focused on SMR innovation, design and licensing. The program, announced last week, will award up to $226 million to at least one vendor.

Winning the award would support the development, licensing, construction, commissioning and operation of Holtec’s flagship nuclear reactor, named SMR-160, at the Savannah River Site (SRS) by the 2025 target date.

NuHub was launched in October 2010 by EngenuitySC and has been pursuing this technology for nearly two years now. With a strong team including South Carolina Electric & Gas (SCE&G), the Southern Carolina Alliance Region, the Aiken Edgefield Economic Development Partnership, Central SC Alliance and other partners around the state, NuHub feels well positioned to finally bring this technology home to South Carolina.

Holtec’s SMR-160 is a 160 MW pressurized water reactor that has been designed to withstand the most severe natural disasters by relying on gravity under all operating and emergency conditions. Holtec International hails DOE’s support for SMR development and NuHub’s willingness to support the operation of prototype SMR designs in South Carolina.

NuHub will continue to support Holtec both during and after the DOE application process, with the deadline slated for July 1, 2013.

NuHub, an initiative of EngenuitySC, is a collaborative group of public, private, higher education and workforce development stakeholders working to maximize economic and job creation opportunities for the nuclear industry in the Midstate region of South Carolina, and to establish the Midstate as a hub and global leader for nuclear energy innovation.

Holtec International is a provider of nuclear technologies with ongoing projects in the U.S., U.K., Spain, Ukraine, China, Korea, Belgium, Sweden and Switzerland.