NuHub, Holtec International compete for $452 million DOE grant

Columbia, S.C., April 24, 2012 — NuHub has partnered with Holtec International, Inc. to compete for one of two federal grants from the U.S. Department of Energy for small modular reactor development.

The recently announced federal award, totaling up to $452 million will support engineering, design certification and licensing for up to two prototype SMR designs. Winning the award would expedite the development, licensing, construction, commissioning and operation of Holtec's flagship reactor, named SMR-160, at the Savannah River Site.

NuHub was launched in October 2010 by EngenuitySC as a consortium of public, private, higher education and business development interests sharing a common goal of maximizing the economic and job creation impact of the nuclear renaissance on the Midstate of South Carolina.

Holtec has designed an indigenously developed SMR. 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 earlier announced a similar agreement with NuScale Power LLC. NuHub intends to support applications from both Holtec and NuScale for the U.S. DOE SMR program.

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