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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

Federal Loan Guarantees Approved For Nuclear Expansion

LCG, June 11, 2003--Senators narrowly approved a provision of a wider energy bill that would provide loan guarantees for construction of nuclear reactors.

Sen. Pete Domenici, R-N.M., chairman of the Senate Energy Committee, believes that providing federal backing to expansion of nuclear power would enable the industry to restart construction efforts that effectively ended in 1979. According to the Congressional Budget Office, there exists a "very high" risk of default associated with such a measure, with a price for each reactor projected at $2.1 billion to $3 billion. Six reactors would receive guarantees, based on a failed 48-50 vote to defeat the measure.

Sen. John Sununu, R-N.H., who sponsored the bid to defeat the guarantees, was quoted in the Wall Street Journal as saying, "We are putting the taxpayer at risk." Domenici thinks that although the House has not approved loan guarantees for nuclear power, final legislation will reflect them.
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