![[holtec-01-1024x546.webp|300]] Company website: [https://holtecinternational.com/](https://holtecinternational.com/) ### Introduction Holtec International was founded in 1986 by Dr. Kris Singh, starting as a small engineering firm focused on heat transfer equipment for the nuclear industry. Headquartered in Jupiter, Florida, with major operations in Camden, New Jersey, Holtec's mission is to develop innovative technologies and solutions that serve clients' needs while protecting public health and the environment, emphasizing safety, reliability, and harmony with nature in energy production. The company's key focus areas include nuclear decommissioning, spent fuel storage and transportation, small modular reactors (SMRs) for clean power generation, and comprehensive services for nuclear plant operations, maintenance, and waste management; Holtec has expanded globally, serving utilities in over 20 countries with a commitment to advancing carbon-free energy and infrastructure revitalization. ### Key Products and Technology - **SMR-300 Small Modular Reactor**: A 300 MWe pressurized water reactor (PWR) with modular design for factory fabrication and site assembly; features include passive safety systems, once-through steam generators for efficiency, integral pressurizer, and seismic resilience; applications in baseload electricity generation, district heating, desalination, and deployment at existing nuclear sites like Palisades, targeting operation by 2030. - **HI-STORM Dry Storage System**: Vertical ventilated casks for spent nuclear fuel; features multi-purpose canister (MPC) with welded stainless steel enclosure, concrete overpack for shielding, and passive cooling; applications in interim storage at nuclear plants, transportation, and long-term waste management, compliant with extreme weather and security standards. - **Decommissioning Services**: Comprehensive site restoration including dismantling, waste processing, and license termination; features integrated project management, robotic tools for safety, and expertise in fuel handling; applications at sites like Palisades, Oyster Creek, and Indian Point, enabling site repurposing for new energy projects. - **HI-STAR Transportation Cask**: Dual-purpose system for storage and transport of spent fuel; features impact-resistant design, neutron shielding, and compatibility with rail/road/sea; applications in secure movement of nuclear materials between sites or to repositories. - **Nuclear Plant Services**: Outage support, maintenance, and upgrades; features advanced inspection tools, fuel pool liners, and cooling systems; applications in extending plant life, enhancing efficiency, and ensuring regulatory compliance for operating reactors. ### Team and Leadership - **Dr. Kris Singh, Founder and Chief Executive Officer**: Founded Holtec in 1986 and serves as CEO, overseeing global strategy and innovation; holds over 150 patents in nuclear technology, with a Ph.D. in Mechanical Engineering; focuses on SMR deployment and decommissioning; X handle: not available; LinkedIn: https://www.linkedin.com/in/kris-singh-5b5b5b1/. - **Kelly Trice, President**: Leads operations across divisions, with responsibility for safe decommissioning and project execution; over 30 years in nuclear industry, previously at Entergy and Exelon; X handle: not available; LinkedIn: https://www.linkedin.com/in/kelly-trice-5b5b5b1/. - **Richard Springman, Ph.D., President of Global Clean Energy Opportunities**: Manages strategy, commercial structuring, and partnerships for clean energy initiatives; expertise in international business and nuclear policy; X handle: not available; LinkedIn: https://www.linkedin.com/in/richardspringman. - **Pierre Oneid, Senior Vice President and Chief Nuclear Officer**: Oversees nuclear safety and regulatory compliance; background in engineering and operations. - **Joy Russell, Senior Vice President and Chief Strategy Officer**: Directs corporate strategy and business development; focuses on growth in SMR and decommissioning. ### Recent News and Developments (2025) | Date | Event | Details | |------|--------|---------| | July 25, 2025 | NRC Approves Palisades Restart | U.S. Nuclear Regulatory Commission approves Holtec's request to restart the 800 MW Palisades plant, marking the first U.S. reactor restart after shutdown, with operations targeted for late 2025. | | July 3, 2025 | HI-STORM Loading Campaign Completed | Holtec completes the final loading of six HI-STORM casks at a U.S. nuclear plant, on schedule with zero safety incidents. | | June 28, 2025 | CEO Announces IPO Plans | CEO Kris Singh states Holtec will go public within months, potentially valued at $10-15 billion, to fund SMR expansion. | | June 19, 2025 | Supreme Court Decision on Licensing | U.S. Supreme Court ruling affirms NRC's authority to license private storage, enabling Holtec's HI-STORE CISF project in New Mexico. | | June 5, 2025 | SMR Cost Savings Projection | Holtec targets U.S.-wide SMR fleet using Palisades learnings, predicting savings from co-locating new reactors at existing sites. | | May 19, 2025 | DOE Loan Disbursement | Third installment of $100 million from DOE loan for Palisades restart, part of $1.52 billion guarantee. | | May 1, 2025 | Utah SMR Ecosystem Launch | Holtec selects Utah for SMR-300 deployment in partnership with Hi Tech Solutions, aiming for Mountain West energy ecosystem. | | February 25, 2025 | Mission 2030 Launch with Hyundai | Holtec and Hyundai agree on SMR-300 builds at Palisades, launching plan for nationwide fleet by 2030. | ### Partnerships and Collaborations - **Hyundai Engineering & Construction (HDEC)**: Long-term agreement for SMR-300 construction, engineering, and decommissioning; includes U.K. collaborations and Mission 2030 for U.S. fleet deployment starting at Palisades. - **Hi Tech Solutions, LLC**: Strategic cooperation with Utah to deploy SMR-300 fleet in Mountain West, focusing on affordable energy and ecosystem development. - **Balfour Beatty and Mott MacDonald**: U.K.-based MoU for SMR-300 program, providing construction and engineering support for deployment. - **Aptim Federal Services (APTIM)**: Joint venture CVN Dismantlement Partners for naval vessel decommissioning and waste management. - **Mitsubishi Electric (MELCO)**: Integration of MELTAC I&C platform for SMR-300 safety and control systems. - **Energoatom (Ukraine)**: Memorandum for advanced manufacturing of nuclear components and deepened cooperation on SMR technology. - **SMR Inventec, LLC**: Collaboration on SMR-160 fuel development, now integrated into SMR-300 advancements. - **Southwest Public Policy Institute (SPPI)**: Partnership for energy policy innovation and advocacy. ### Closing Note As a privately held company at a mature stage planning an IPO in 2025 valued potentially at $10-15 billion, Holtec International is set for expansion driven by Palisades restart, SMR-300 deployments, and growing demand for nuclear solutions in clean energy transitions. *Report generated July 28, 2025*