From left: Hyundai E&C president and CEO Young-joon Yoon, Holtec president and CEO Kris Singh, South Korean minister of trade, industry and energy Chang-yang Lee, and K-Sure president and chairman Inho Lee. (Photo: Holtec)
Two South Korean financial institutions—the Korea Trade Insurance Corporation (K-Sure) and the Export-Import Bank of Korea (KEXIM)—have signed pacts with Holtec International and Hyundai Engineering & Construction (a Hyundai Motor Group subsidiary) to provide support to Holtec’s SMR-160 projects around the world, the American firm announced on May 2.
Kris Singh (front left), Holtec International president and chief executive officer, signs the cooperation agreement between Holtec and Ukraine’s Energoatom, alongside other Holtec officials. (Photo: Holtec)
Small modular reactor developer Holtec International and Energoatom, Ukraine’s nuclear plant operator, signed a cooperation agreement last Friday that envisions the construction of up to 20 of the American firm’s SMR-160 units in Ukraine, with grid connection for the pilot project achieved by March 2029. In addition, the agreement calls for building a Ukrainian manufacturing facility to localize the production of equipment required for SMR-160 construction.
A rendering of Holtec’s SMR-160 plant. (Image: Holtec International)
Small modular reactor developers Holtec International and GE Hitachi Nuclear Energy (GEH) are both looking to the United Kingdom as a prime location for deployment of their units—the SMR-160 and BWRX-300, respectively.
On December 19, Holtec Britain announced that it is poised to enter the United Kingdom’s generic design assessment (GDA) process for the SMR-160 early in 2023, enabling the start of construction of the first U.K. unit as soon as 2028. (The GDA, developed by the Office for Nuclear Regulation and the Environment Agency, gauges the safety, security, and environmental protection aspects of a nuclear plant design. Successfully completing the assessment culminates in a design acceptance confirmation from ONR and a statement of design acceptability from the Environment Agency.)
Kris Singh (left), president and CEO of Holtec International, and Young-Joon Yoon, president and CEO of Hyundai E&C. (Photo: Holtec International)
Holtec International and Hyundai Engineering & Construction (a Hyundai Motor Group subsidiary) have signed an accord to accelerate the completion of Holtec’s SMR-160 small modular reactor development program, as well as to collaborate on diverse clean energy technologies.
Holtec’s Advanced Manufacturing Division, in Camden, N.J. (Photo: Holtec)
The Department of Energy earlier this year approved part one of a loan application from Holtec International for small modular reactor construction and invited the firm to apply for a loan to help build four of its SMR-160 units and grow its manufacturing capacity to produce the first wave of SMRs.
Holtec president and chief executive officer Kris Singh (left) and Hyundai E&C president and CEO Yoon Young-Joon at the teaming agreement signing ceremony. (Photo: Holtec)
Holtec International and Hyundai Engineering & Construction have signed an agreement to cooperate in the area of nuclear plant decontamination and decommissioning.
Under the teaming agreement, Hyundai E&C will participate in D&D activities at Holtec-owned decommissioning sites in the United States to build its capabilities and experience in preparation for decommissioning projects in South Korea, which will be undertaken by the two companies. The agreement also provides for the two companies to further expand their cooperation internationally.
Fig. 1: The layout of a typical SMR-160 site.
Holtec International’s SMR-160 is a pressurized light-water thermal spectrum reactor that relies on natural circulation, thereby eliminating the need for reactor coolant pumps during normal operation. The reference design incorporates a lower pressure conventional steam turbine and wet cooling via a tube-and-shell condenser coupled with forced-draft cooling towers. Optionally, the plant can use dry cooling via Holtec’s HI-KOOL air-cooled condenser.