US small modular reactor developer Holtec has submitted a final loan application for $7.4bn (€7.2bn) plans to build the first SMR-160 SMRs as a four-unit power station, to expand the output capacity of its existing heavy manufacturing plant in Camden, New Jersey, and to establish a new “supersize” factory to manufacture SMR-160s.
In March, the US Department of Energy approved part one of Holtec’s loan application.
The loan would help fund the company's plan to build up to four of its SMR-160 reactors and to expand its manufacturing capacity to build the first wave of SMRs in large numbers.
Holtec’s Camden and Pittsburgh plants, both equipped to manufacture heavy capital equipment of the kind needed in SMRs, produce nearly 1,000 pieces of heavy equipment and weldments each year.
In March, the US Department of Energy approved part one of Holtec’s loan application.
The loan would help fund the company's plan to build up to four of its SMR-160 reactors and to expand its manufacturing capacity to build the first wave of SMRs in large numbers.
Holtec’s Camden and Pittsburgh plants, both equipped to manufacture heavy capital equipment of the kind needed in SMRs, produce nearly 1,000 pieces of heavy equipment and weldments each year.
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