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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

Mirant Cancels South Korean Plant

LCG, July 24, 2002-U.S. company Mirant Corp. has changed plans to construct a 520 MW plant in South Korea and has plans to pull out of South Korea completely.

Previously, Mirant had announced that it would invest $300 million in South Korea once the country had begun privatizing its electricity industry, a move slated to begin later this year.

Now the company intends to sells its right to build a plant and later withdraw entirely from the South Korean market.

Financial concerns have added to the decision, and Mirant is concentrating on limiting debt and therefore has plans to sell $1.6 billion in assets.

Mirant's Singapore office will close, and the company's Asia-Pacific staff has been cut by about 35 percent.

Earlier this year South Korea decided to proceed with privatizing its electricity industry despite significant public protest and striking.

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