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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

EU to Increase Funding for Fuel Cell Research

LCG, October 10, 2002European Union members announced today their intentions to increase funding to hydrogen fuel cell research, and formed a new partnership of 17 European auto and energy companies for the purpose of investigating this technology.

Hydrogen fuel cells operate by combining hydrogen gas and oxygen to form water. This reaction creates a significant amount of heat energy which can be converted to electricity. Hydrogen atoms must be separated from hydrocarbons in order to be used in the reaction. This process requires energy. Therefore, the advantage of fuel cells is that they can provide electricity for a machine, such as an automobile, without providing harmful emissions, but electricity must be produced to create the fuel first.

The EU Commission neglected to put numbers to the new funding, but the 17 companies, including Royal Dutch/Shell, DaimlerChrysler, and Renault, expect to bring research spending up to the United States level. The U.S. spends three times as much on fuel cell research than all EU countries combined, while Japan spends four times as much as the EU.

An EU panel will be appointed in the near future to report on fuel cell prospects by next year.

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