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August 31, 2015 1:16 AM ET

Electrical Equipment

Company Overview of Holtec International, Inc.

Company Overview

Holtec International, Inc., an energy technology company, manufactures and supplies equipment and systems for nuclear, solar, geothermal, and fossil power generation sectors of the energy industry in Britain, Spain, Switzerland, Belgium, Ukraine, Canada, Mexico, the United States, and Brazil. It offers power plant components, such as non-segmental baffles, antivibration tube stakes, solar power plant equipment, feedwater heaters, critical service and component cooling water heat exchangers, moisture separator reheaters, auxiliary heat exchangers for nuclear power plants, steam generators, superheaters, air and water cooled condensers for solar, condensate pump skids, and feedwater heaters fo...

1001 North US Highway 1

Suite 204

Jupiter, FL 33477-4480

United States

Founded in 1986

Phone:

856-797-0900

Fax:

856-797-0909

Key Executives for Holtec International, Inc.

Co-Founder, Chief Executive Officer and President
Co-Founder, Executive Vice President and Director
Chief Financial Officer, Senior Vice President and Director
Senior Vice President of International Projects
Chief Nuclear Officer and Senior Vice President
Compensation as of Fiscal Year 2015.

Holtec International, Inc. Key Developments

Holtec International and Eddy-Lea Energy Alliance Partner to Build Interim Storage Facility

Holtec International and the Eddy-Lea Energy Alliance (ELEA) have announced that they would collaborate to build an interim storage facility to hold the used nuclear fuel that has collected at nuclear power plants across the USA. The agreement covers the design, licensing, construction and operation of a facility modelled on Holtec's HI-STORM UMAX dry storage system. Holtec expects to apply for a permit from the Nuclear Regulatory Commission (NRC) within a year and that the facility could be operational within the next four to five years. The announcement comes at a critical time for the US nuclear industry as it deals with the spent fuel accumulating at the nuclear reactors that have prematurely shut down as well as at the operating plants around the country. One of the major tasks includes moving spent nuclear fuel from the fuel pool to dry cask storage, which once it is moved, currently has to be held on site at the nuclear power plant indefinitely. The political disagreement over where used nuclear fuel should be stored in the long-term leaves the industry with limited options as to what it should do in the meantime. Although increasing pressure is being placed on the federal government to reignite efforts into deep geological repository options, little progress is being made. This has led the industry itself to push forward with initiatives such as the Holtec International and the Eddy-Lea Energy Alliance partnership in order to allow utilities to remove used nuclear fuel from their sites.

Energoatom and Holtec International Signs Supplement to Contract on Spent Nuclear Fuel Storage Facility in Ukraine

Energoatom and Holtec International have signed a supplement to a contract on the construction of centralized storage for spent nuclear fuel in Ukraine. It states that the design and construction of the storage facility will be carried out by Energoatom, while special equipment and technology for the dry storage of spent nuclear fuel and its transportation will be supplied by Holtec. The supplement provides for the development by the American company of equipment for the dry storage and transportation of spent nuclear fuel, and the commissioning of technologies developed by the company.

Southern California Edison Selects Holtec International's Underground System to Store San Onofre Used Nuclear Fuel

Southern California Edison has selected Holtec International to expand the San Onofre nuclear plant’s storage of used nuclear fuel in a robust underground facility. It sets the stage to transfer San Onofre’s used fuel from steel-lined concrete storage pools to steel-and-concrete-encased canisters, with a goal of completing the work by mid-2019. Holtec’s HI-STORM UMAX underground storage system features corrosion-resistant, stainless-steel fuel canisters topped with a 24,000-pound steel and concrete lid. The canisters will be encased in a concrete monolith.

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