Holtec and Hyundai finalize SMR design and deployment agreement: Corporate
November 24, 2021
Holtec International has finalized an agreement with Hyundai Engineering & Construction of South Korea for the turnkey supply of Holtec’s SMR-160 Small Modular Reactor (SMR) plant worldwide. Holtec plans to deploy the first SMR-160 to Oyster Creek in New Jersey, where it is currently decommissioning an old boiling water reactor.
The signing ceremony (Image: Holtec)
Hyundai Engineering & Construction will perform the detailed design of the rest of the plant and prepare the full plant build specifications for the SMR-160, which Holtec has been developing since 2010, US-based Holtec said on November 22. . The partnership also provides project delivery rights for Hyundai, subject to certain provisions. “This agreement is global in scope with provisions to conform to customer preference, achieve the most competitive project cost and in line with Holtec’s existing commitment with Kiewit for the North American market,” said the company.
Holtec will serve as the overall engineer-architect for the plant and supply major nuclear components through its US manufacturing facilities and international supply chain, and supply the instrumentation and control systems through its partnership with Mitsubishi Electric Corporation. Framatome is the selected fuel supplier for the SMR-160.
Cooperation with Hyundai combines Holtec’s expertise in the design, engineering, manufacture and delivery of nuclear component projects with Hyundai’s EPC and construction management capabilities for large projects, said Holtec . The framework of the agreement and the global collaboration will support the standardization of the SMR-160 design, he added.
“The partnership with Hyundai Engineering & Construction enhances our ability to deliver SMR-160 projects on time and at a competitive price,” said Rick Springman, senior vice president of international projects at Holtec.
The SMR-160 is a pressurized light water reactor, generating 160 MWe (525 MWt) using low enriched uranium fuel, with flexibility to generate process heat for industrial applications and the production of gas. ‘hydrogen. The design has completed the first phase of the three-phase vendor design review prior to licensing by the Canadian Nuclear Safety Commission and is currently the subject of pre-clearance activities with the US Nuclear Regulatory Commission. .
Holtec said it aims to obtain a license to build in the United States in 2025 and is “actively exploring the possibility” of deploying an SMR-160 at Oyster Creek – which it acquired from Exelon in 2019 after the plant closed the year before – and at two other sites in the southern United States.
Research and writing by World Nuclear News