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U.S. nuclear energy company Holtec advances on two fronts this week: decommissioning aging nuclear plants and positioning small reactors in the southern U.S.

U.S. nuclear energy company Holtec recently announced two significant developments, reflecting the dual trend in the current nuclear power industry of retiring existing capacity while expanding new capacity. On one hand, the U.S. Nuclear Regulatory Commission approved the license termination plan for the Oyster Creek nuclear power plant, moving the decommissioning process of this veteran commercial nuclear facility in New Jersey, which began operations in 1969, past a key regulatory milestone. On the other hand, Holtec announced a partnership with Entergy and Hyundai Engineering & Construction to evaluate potential sites for deploying new reactors in the southern Gulf Coast region of the United States. The Oyster Creek plant ceased power generation in 2018 and was subsequently taken over by Holtec for decommissioning. The recently approved license termination plan...

2026-08-11

Holtec, Entergy, and Hyundai Engineering & Construction Partner to Evaluate SMR-300 Deployment Opportunities in the Southern United States

On August 4, local time, Holtec International, Entergy Services, LLC, and Hyundai Engineering & Construction Co., Ltd. (HDEC) announced a strategic collaboration to jointly evaluate potential opportunities for deploying Holtec's SMR-300 advanced small modular reactor within Entergy's service territory to power large-load customers. The collaboration is established through a non-binding memorandum of agreement. Under the arrangement, the three parties will conduct assessments around a potential two-unit SMR-300 project, focusing on customer demand,...

2026-08-05