NuHub, Holtec partner in bid for SMR funding from DOE

NuHub, the South Carolina-based nuclear technology consortium, is partnering with the energy technology firm Holtec International in a bid to compete for a second round of U.S. Department of Energy funding to develop Small Modular Reactors (SMRs).

A public/private partnership with the state of South Carolina, NuHub has been pursuing SMR development for nearly two years. Holtec International has already designed an indigenously developed SMR, the SMR-160, a 160 MW pressurized water reactor designed to withstand severe natural disasters through passive safety systems, according to a press release. NuHub will support Holtec’s application to the DOE SMR funding competition, the deadline for which is July 1, 2013.

Up to $226 million is up for grabs to support development of an American SMR industry. The last round of funding went to Babcock & Wilcox (NYSE: BWC), which has development of its own mPower SMR design underway.

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