![[holtec-01-1024x546.webp|300]] Website: [holtecinternational.com](https://holtecinternational.com) ### Introduction Holtec International is a global supplier of equipment and services for the nuclear, solar, geothermal, and fossil power generation sectors, with a significant focus on nuclear energy infrastructure. Founded in 1986 by Dr. Kris Singh, the company is headquartered in Jupiter, Florida, USA. While exact employee counts are not publicly disclosed in the latest data, Holtec is known to operate multiple divisions and manufacturing facilities worldwide, indicating a substantial workforce. Its mission centers on delivering innovative, safe, and efficient energy solutions, particularly in nuclear power through the development of small modular reactors (SMRs) and nuclear waste management technologies, while supporting the global transition to carbon-free energy sources [Holtec International](https://holtecinternational.com). Holtec International is a privately held company, with no public stock listing or ticker symbol. The company has recently gained attention for its ambitious projects, including the restart of decommissioned nuclear plants and the development of next-generation SMR technology. With over three decades of experience in nuclear equipment design and manufacturing, Holtec has positioned itself as a key player in the nuclear renaissance, balancing innovation with the practical challenges of regulatory and financial hurdles. ### Key Products and Technology Holtec International offers a range of products and services in the nuclear sector, with a flagship focus on small modular reactors and nuclear waste management solutions. Below are details of their major offerings: - **SMR-300 (Small Modular Reactor)** - **Type**: Advanced light-water small modular reactor - **Technical Specifications**: 300 MWe per unit, designed for high performance on a small footprint with a long service life (specific efficiency metrics not publicly detailed). - **Fuel Type**: Conventional uranium-based nuclear fuel, compatible with existing fuel cycles. - **Key Differentiators**: Features walk-away passive safety systems, eliminating the need for active intervention during emergencies; deployable in arid regions due to air-cooled options; carbon-free baseload power. - **Development Stage**: In design and pre-application phase with the U.S. Nuclear Regulatory Commission (NRC); plans for demonstration units at Palisades Nuclear Plant by the mid-2030s. - **Target Customers**: Utilities, governments, and regions seeking scalable, carbon-free energy solutions [Holtec International SMR](https://holtecinternational.com/products-and-services/smr/). - **Nuclear Waste Management Systems** - **Type**: Dry storage and transport systems for spent nuclear fuel (e.g., HI-STORM, HI-STAR casks). - **Technical Specifications**: Designed to safely store and transport high-level radioactive waste; specific capacities vary by system design. - **Fuel Type**: N/A (focused on spent fuel and waste management). - **Key Differentiators**: Robust, secure containment with long-term storage capabilities; widely used in existing nuclear facilities. - **Development Stage**: Fully operational and commercially deployed at multiple nuclear sites worldwide. - **Target Customers**: Nuclear power plant operators and government agencies managing decommissioning and waste [Holtec International](https://holtecinternational.com). Holtec’s SMR-300 is a cornerstone of its future growth strategy, aiming to meet rising electricity demand with modular, scalable solutions. Its waste management systems remain a critical revenue stream, supporting the nuclear industry’s backend operations. ### Regulatory and Licensing Status Holtec International’s SMR-300 is in the pre-application phase with the U.S. Nuclear Regulatory Commission (NRC). The company plans to submit construction permit applications for two SMR-300 units at the Palisades Nuclear Plant site in Michigan by 2026, with commissioning targeted for the mid-2030s. A significant milestone was achieved in March 2025, when the U.S. Department of Energy (DOE) approved the transfer of SMR technology to Indian partners under International Atomic Energy Agency (IAEA) safeguards, paving the way for international deployment [Wikipedia Holtec](https://en.wikipedia.org/wiki/Holtec_International). For the Palisades restart project, Holtec received NRC acceptance of its licensing package in mid-2025, transitioning the plant from decommissioning to operating status—a historic first for a U.S. nuclear facility. The estimated timeline for first commercial deployment of the SMR-300 remains speculative but is aligned with a 2030 target for initial operations at Palisades, pending regulatory approvals and construction timelines [Posts on X](https://x.com). Regulatory challenges include navigating complex licensing processes and ensuring compliance with safety standards, which could delay timelines. ### Team and Leadership Holtec International’s leadership team is spearheaded by key figures with deep expertise in nuclear engineering and energy infrastructure: - **Dr. Kris Singh (Founder and CEO)**: A renowned nuclear engineer, Dr. Singh founded Holtec in 1986 and has led its growth into a global energy solutions provider. He holds numerous patents in nuclear technology and waste management. - **Rick Springman (President, Nuclear Power Division)**: Oversees Holtec’s nuclear projects, including the SMR-300 development and Palisades restart, with extensive experience in nuclear operations and licensing. - **Pierre Oneid (Executive Vice President and Chief Nuclear Officer)**: Manages nuclear strategy and regulatory affairs, bringing decades of experience in nuclear safety and engineering. Specific X handles for leadership are not verified in the available data and are thus omitted. The team’s technical expertise is a core strength, though public information on recent changes or additions to the executive roster is limited [Holtec International](https://holtecinternational.com). ### Funding and Financial Position Holtec International, as a private company, does not disclose detailed financials publicly. However, significant funding milestones include a $1.5 billion loan guarantee from the U.S. Department of Energy (DOE) finalized in 2024 to restart the Palisades Nuclear Plant in Michigan, supplemented by $300 million from the state of Michigan. In December 2025, the DOE awarded up to $800 million to Holtec and the Tennessee Valley Authority (TVA) for SMR deployment projects in Michigan and Tennessee [Posts on X](https://x.com). Additionally, Holtec is exploring a potential IPO by mid-2026 to raise up to $5 billion for reactor projects in India, supported by partnerships with International Holding Company (IHC) of Abu Dhabi for up to $10 billion in infrastructure investments. The company remains pre-revenue for its SMR-300 technology but generates income from nuclear waste management systems and other services. Financial transparency is limited due to its private status, and exact revenue figures are unavailable [Wikipedia Holtec](https://en.wikipedia.org/wiki/Holtec_International). ### Recent News and Developments | Date | Event | Details | |----------------|------------------------------------|----------------------------------------------------------------------------------------------| | Dec 2, 2025 | DOE Funding Award | DOE competitively awards up to $800 million to Holtec and TVA for SMR deployment. | | Aug 27, 2025 | Palisades Operating Status | NRC accepts Holtec’s licensing package, marking Palisades’ historic shift to operating status. | | Jun 18, 2025 | SMR Energy Transition Focus | Holtec emphasizes SMRs as a solution to energy transition challenges in industry interviews. | | Apr 26, 2025 | Palisades Capacity Expansion | Plans announced to nearly double Palisades capacity with two SMR-300 units by 2030. | | Mar 30, 2025 | DOE Approval for India SMR Tech | U.S. DOE approves transfer of SMR technology to Indian partners under IAEA safeguards. | | Mar 24, 2025 | SMR Deployment in Arid Regions | Holtec highlights SMR-300’s air-cooled design for deployment in water-scarce regions. | | Feb 25, 2025 | Mission 2030 Launch | Holtec launches “Mission 2030” to deploy first SMR-300s at Palisades by end of decade. | These events reflect Holtec’s aggressive push into SMR technology and nuclear plant restarts, though timelines and outcomes remain subject to regulatory and financial variables [Holtec International News](https://holtecinternational.com/news/). ### Partnerships and Collaborations - **U.S. Department of Energy (DOE)**: Provides loan guarantees ($1.5 billion for Palisades) and funding ($800 million for SMRs), critical for project financing and credibility [DOE.gov](https://www.energy.gov). - **Tennessee Valley Authority (TVA)**: Co-recipient of DOE funding for SMR deployment in Tennessee, leveraging TVA’s utility network for regional power distribution. - **International Holding Company (IHC), Abu Dhabi**: Exploring up to $10 billion in infrastructure investments, supporting global SMR deployment. - **Indian Partners (Holtec Asia, Tata Consulting Engineers, Larsen & Toubro)**: Technology transfer agreement for SMR-300 deployment in India, expanding Holtec’s international footprint [Posts on X](https://x.com). These partnerships enhance Holtec’s financial stability and market access, though international projects carry geopolitical and regulatory risks. ### New Hampshire Relevance Holtec International’s technology could have potential relevance for [[New Hampshire]], given the state’s existing nuclear infrastructure and energy needs. The [[Seabrook Station]] Nuclear Power Plant, located in Seabrook, NH, provides a significant portion of the state’s electricity, and Holtec’s expertise in nuclear waste management could support ongoing operations or future decommissioning efforts. Additionally, the SMR-300’s modular design aligns with potential grid modernization goals within the ISO New England (ISO-NE) framework, offering scalable baseload power to meet rising demand from data centers and industrial users in the Northeast. However, the SMR-300’s development timeline (mid-2030s for commercial deployment) may not align with immediate NH energy needs or legislative initiatives like HB 710, which focuses on energy diversification and potential SMR exploration. Holtec has not publicly expressed specific interest in New Hampshire or the Northeast beyond broader U.S. deployment plans (e.g., Michigan and Tennessee). Potential applications in NH could include grid power supplementation or dedicated power for industrial heat, though regulatory and community acceptance of new nuclear projects remains a hurdle. No direct NH connections are evident in current data. ### Competitive Position Holtec International faces competition from other SMR developers such as [[NuScale Power]], [[[[TerraPower]]]], and [[[[X-energy]]]], each with distinct approaches to next-generation nuclear technology. [[NuScale Power|NuScale]], with its VOYGR SMR (already in NRC design certification), is ahead in regulatory progress, potentially reaching commercial deployment sooner than Holtec’s mid-2030s timeline. TerraPower, backed by Bill Gates, focuses on advanced molten salt and natrium reactors, offering different safety and efficiency profiles compared to Holtec’s light-water design. Holtec’s unique advantage lies in its dual expertise in waste management and SMRs, alongside significant government backing (DOE loans and grants). However, risks include historical criticism for overpromising project timelines and navigating complex international regulatory landscapes [Bulletin of the Atomic Scientists](https://thebulletin.org). ### Closing Note Holtec International is at a pivotal stage, leveraging substantial funding and partnerships to advance its SMR-300 technology and nuclear plant restarts, with a promising yet challenging trajectory toward commercial deployment by the 2030s. *Report generated December 24, 2025*