Acting director of the NRC’s Office of Nuclear Reactor Regulation Greg Bowman (seated, left) and Holtec president Kelly Trice (seated, right) and other NRC officials celebrate the Palisades license restoration at the NRC headquarters. (Photo: NRC)
The Palisades nuclear power plant has been formally transitioned from decommissioning status to holding an operating license following the completion of an extensive technical review by the Nuclear Regulatory Commission. It’s a historic move; before this, no U.S. nuclear plant had ever made the transition from shut down to approved for restart.
Francesco Venneri (left), USNC CEO, and Hyeon Sung Hong, Hyundai Engineering CEO, at a framework agreement signing for MMR project development and deployment.
Representatives of Ultra Safe Nuclear Corporation (USNC) of Seattle, Wash., and Hyundai Engineering of Seoul, South Korea, traveled last week between USNC project sites in Oak Ridge, Tenn., and Ontario, Canada, to sign two agreements extending their collaboration on the deployment of USNC’s high-temperature, gas-cooled Micro Modular Reactor (MMR). The agreements expand on a business cooperation agreement signed in January 2022 and an engineering agreement signed in June, and follow the closure earlier this month of a previously announced $30 million equity investment after its review by the U.S. Treasury Department’s Committee on Foreign Investment in the United States.
