Holtec advances $7.4B plan to build 4 SMRsHoltec is seeking a...

Holtec advances $7.4B plan to build 4 SMRs

Holtec is seeking a massive federal loan to build its planned SMRs,
construct a giant SMR factory and expand an advanced manufacturing facility.

• Holtec also announced that it signed a memorandum of agreement with the utility Entergy, which operates nuclear power plants at five sites, to evaluate the feasibility of deploying a Holtec SMR in Entergy's service area.
• The Energy Department Loan Programs Office approved Part I of the application in March. Holtec yesterday submitted Part II.

Holtec is the largest U.S. exporter of nuclear plant equipment.

Holtec says its planned SMRs could be built at southern New Jersey's Oyster Creek nthis mob uclear plant, which shut down in 2018.

The only two traditional reactors under construction in the U.S., at Plant Vogtle in Georgia, are now nearly seven years behind schedule and have seen their projected costs more than double to $30 billion.

this loan last has been in the pipeline since last year
as u can see the cost to build traditional reactors and smr when comparing to the cost of fuel to feed them
is only a few % of the build cost
any increase to the spot price will not be burden

and the big plus is that US domestic uranium miners will be in demand. !!!