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US-based Holtec International has received the final licence from the US Nuclear Regulatory Commission (NRC) for construction and operation of a facility in Lea County, southeast New Mexico, that will temporarily store nuclear waste from NPPs across the USA. The HI-STORE Consolidated Interim Storage Facility (CISF). It will be built on land provided by the Eddy Lea Energy Alliance (ELEA), a regional economic development authority in Southeast New Mexico. Holtec said this was “the culmination of an eight-year process” of an “inherently safe below-ground storage system called the HI-STORM UMAX”.

Date: Friday, 12 May 2023
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The US Nuclear Regulatory Commission (NRC) has issued the final licence to Holtec International to build and operate the Hi-STORE consolidated interim storage facility (CISF) for used nuclear fuel in New Mexico.

Date: Thursday, 11 May 2023
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South Korean national financial institutions K-Sure (Korea Trade Insurance Corporation) and Kexim (Export-Import Bank of Korea) have both signed agreements with US-based Holtec International and Korea’s Hyundai Engineering & Construction to provide financial support for SMR-160 projects around the world.

Date: Wednesday, 10 May 2023
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Two South Korean national financial institutions - Korea Trade Insurance Corporation (K-Sure) and the Export-Import Bank of Korea (KEXIM) - have each entered into agreements with Holtec International and Hyundai Engineering & Construction to provide financial support for SMR-160 projects around the world.

Date: Thursday, 04 May 2023
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Up to 20 Holtec SMR-160 plants will be built in Ukraine under a cooperation agreement signed between Holtec International and Ukrainian national nuclear operator Energoatom. The agreement calls for the first plant to begin supplying power by March 2029.

Date: Tuesday, 25 April 2023
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The US Department of Energy (DOE) has issued guidance for the second award cycle of the Civil Nuclear Credit (CNC) programme for nuclear power plants at risk of closing or have already been shut down. The guidance expands the number of reactors eligible for some of CNC’s $6bn in overall funding made available by the Bipartisan Infrastructure Law. Civil nuclear credits of $1.2bn a year are available in fiscal years 2022 to 2026. Money not allocated will be available for future credits until spent or until September 2031.

Date: Wednesday, 08 March 2023
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The first award cycle of the US DOE's Civil Nuclear Credit Program limited eligibility to owners or operators of nuclear power reactors that had announced intentions to retire within the four-year award period, but the second round is also open to owners or operators of nuclear reactors that ceased operations after 15 November 2021.

Date: Saturday, 04 March 2023
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Five major companies have made key announcements on their plans to advance small modular reactor (SMR) deployment in the UK. While Rolls-Royce SMR shortlisted three sites for a factory to produce component for its planned SMR; Balfour Beatty and Holtec with Hyundai agreed to support plans for the construction of Holtec’s SMR-160; and GE Hitachi Nuclear Energy (GEH) submitted a Generic Design Assessment (GDA) application for its BWRX-300 SMR to the UK Department for Business, Energy & Industrial Strategy (BEIS).

Date: Friday, 23 December 2022
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DOE rejected initial request in November Holtec applied in May for federal funds to restart the Palisades nuclear plant in Michigan. Holtec International is to reapply for federal funding to allow it to restart the single-unit Palisades nuclear power station in Michigan, which closed down in May after more than 50 years in operation.

The company said it will submit its application next year, when the US Department of Energy starts accepting applications for the second round of the Civil Nuclear Credit Program, a $6bn (€5.6bn) investment through the Bipartisan Infrastructure Law to help preserve the existing US reactor flee.

In November, Texas-based Holtec said the DOE had rejected its application for funding for Palisades, which the company acquired earlier in 2022 for decommissioning after it was permanently shut down by previous owner Entergy.

At the same time, the Biden administration announced the approval of up to $1.1bn in conditional funding to keep California’s last commercial nuclear power station, the two-unit Diablo Canyon, online beyond its scheduled shutdown in 2025.

Date: Thursday, 22 December 2022
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