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Holtec Signs Strategic Cooperation Agreement with Utah and Hi Tech Solutions to Deploy Nuclear SMRs

LCG, May 1, 2025--Holtec International (Holtec) announced the signing on April 29 of a strategic cooperation agreement with the State of Utah and Hi Tech Solutions, a leading nuclear services provider based in Kennewick, Washington, to collaborate in the deployment of Holtec's SMR-300s (small modular reactor) in Utah and the broader Mountain West region. Hi Tech will play a leading role in the project development and workforce training to support the rise of new nuclear power generation in the region.

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EPA and Texas Railroad Commission Sign Memorandum of Agreement for Permitting Geologic Storage of Carbon Dioxide

LCG, April 29, 2025--Officials from the U.S. Environmental Protection Agency (EPA) and Texas Railroad Commission (RRC) signed a memorandum of agreement (MOA) today outlining the state’s plans to administer programs related to carbon storage wells, known as Class VI wells. The MOA signing is a required step in the RRC’s application to be granted authority to permit Class VI wells in the state of Texas. EPA is currently preparing a proposed approval of RRC’s primacy application.

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Industry News

British Energy Sells Retail Electric Supply Business

LCG, Aug. 7, 2000--British Energy Plc, the largest United Kingdom nuclear power generator, has sold its residential electricity and gas supply business to Scottish and Southern Energy, the Financial Times of London reported this morning.

The 210 million ($316 million U.S.) cash sale of Swalec will allow British Energy to focus on wholesale contract sales and direct sales to industrial and commercial customers ahead of the introduction of new electricity trading arrangements in November, the paper said.

Scottish and Southern has also signed a 10-year power purchase agreement to buy 10 terawatt hours of electricity a year from British Energy for the first five years, falling to 7.5TWh a year thereafter.

Peter Hollins, British Energys chief executive, said the new power trading scheme had made residential marketing unattractive to his company. "Through the deal announced today, we have sold our retail business to a good home and have secured a long-term take-off contract for around 20 per cent of our output in England and Wales," he said.

Swalec has 850,000 electricity and 300,000 natural gas customers. The deal will push Scottish and Southerns total customer numbers to the critical 5 million level thought to be needed to compete in the UK supply market, the Financial Times said.

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