Holtec International
Diversified nuclear business: spent-fuel storage, decommissioning, SMR-300 development, and Palisades MI restart
Camden, NJ~3,000Founded 1986Privately held; Krishna Singh founder-controlled raisedPrivately held (no public valuation) valuationholtecinternational.com
SectorsNuclear
Palisades Restart DOE Loan
$1.52B conditional
First US nuclear-restart financing from DOE LPO; landmark Mar 2024 commitment
US Decommissioning Portfolio
5 reactor sites
Pilgrim + Oyster Creek + Indian Point + Palisades + Big Rock Point; largest US decommissioner
HI-STORM Dry Cask
Industry-standard storage
Deployed at majority of US nuclear plants; recurring revenue from spent-fuel management
SMR-300 Output
300 MWe per unit
Targets Palisades twin-unit deployment as first commercial site (~2030)
Funding History
Total raised: Privately held; Krishna Singh founder-controlled · Latest valuation: Privately held (no public valuation)
| Round | Date | Amount | Valuation | Key Investors |
|---|---|---|---|---|
| Founder / Private | 1986-2026 | Self-funded + revenue-funded growth | — | Krishna P. Singh (founder, majority owner) |
Product Specifications
| System | Type | Status |
|---|---|---|
| SMR-300 | 300 MWe pressurized water reactor (small modular) | NRC pre-application engagement; first commercial units targeted Palisades site (~2030) |
| HI-STORM / HI-STAR | Dry-cask spent-fuel storage (industry-standard product family) | Commercial. Deployed at most US nuclear plants |
| Decommissioning Operations | End-of-life reactor decommissioning operator (Pilgrim, Oyster Creek, Indian Point, Palisades, Big Rock Point) | Operating |
| Palisades Restart | 800 MW Westinghouse PWR returning to service | NRC review underway; target restart 2026 |
| Used Fuel Management Facility (NM) | Centralized interim spent-fuel storage license (Lea County, NM) | NRC license granted 2023; deployment paused pending litigation |
Partnerships & Investors
US Department of Energy (LPO)Cost-share / Loan
$1.52B conditional loan commitment for Palisades restart; first US nuclear-restart financing from DOE LPO.
Hyundai Engineering & ConstructionStrategic / SMR Partner
Q4 2024 partnership for SMR-300 deployment; Korean construction expertise + supply chain.
Mitsubishi Electric Power ProductsStrategic / Steam Cycle
Steam-cycle balance-of-plant supplier for SMR-300.
PSEGCustomer / Strategic
Reported partnership for potential SMR-300 deployment in New Jersey.
Entergy + Constellation + ExelonCustomers
Decommissioning contracts; also dry-cask storage at virtually every US plant.
GS Inima + Hyundai MobisStrategic
Korean industrial partners on SMR-300 supply chain and global deployment.
Key Milestones
1986
Company Founded
Krishna P. Singh founds Holtec International in Marlton, NJ to commercialize spent-fuel storage technologies
1995
HI-STORM Dry Cask Storage Launch
Vertical concrete-overpack dry cask design becomes industry standard for spent-fuel storage at US reactors
Aug 2018
Acquired Pilgrim Decommissioning
Holtec begins building its decommissioning operator business; later adds Oyster Creek, Indian Point, Palisades
2020
SMR-160 Renamed SMR-300
Holtec advances its 300 MWe PWR small modular reactor design; targets co-located + greenfield siting
2022
Palisades Closure (Pre-Restart Acquisition)
Palisades MI plant closes May 2022; Holtec acquires for decommissioning, then pivots to restart effort
Mar 2024
DOE LPO Conditional Commitment
$1.52B DOE Loan Programs Office conditional commitment for Palisades restart; the first-ever US nuclear-restart financing
Jun 2024
Palisades NRC Restart Application Accepted
Holtec's License Amendment Request accepted for review; first US shut-down reactor in modern era to file for restart
Q4 2024
Hyundai E&C Strategic Partnership
Hyundai Engineering + Construction joins as SMR-300 deployment partner; Korean export expertise
2026 (target)
Palisades Restart
Target return-to-service date for the 800 MW Palisades plant; restart subject to NRC approval
Q4 2025
SMR-300 NRC Pre-Application Engagement
Advanced design review with NRC; first SMR-300 commercial deployment targeted Palisades site (twin units)