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Holtec InternationalDiversified nuclear business: spent-fuel storage, decommissioning, SMR-300 development, and Palisades MI restart
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
Twin PIONEER 1&2 at Palisades as first commercial site (~early 2030s); $400M DOE support
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) |
| 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 |
$1.52B conditional loan commitment for Palisades restart; first US nuclear-restart financing from DOE LPO.
Q4 2024 partnership for SMR-300 deployment; Korean construction expertise + supply chain.
Steam-cycle balance-of-plant supplier for SMR-300.
Reported partnership for potential SMR-300 deployment in New Jersey.
Decommissioning contracts; also dry-cask storage at virtually every US plant.
Korean industrial partners on SMR-300 supply chain and global deployment.
Krishna P. Singh founds Holtec International in Marlton, NJ to commercialize spent-fuel storage technologies
Vertical concrete-overpack dry cask design becomes industry standard for spent-fuel storage at US reactors
Holtec begins building its decommissioning operator business; later adds Oyster Creek, Indian Point, Palisades
Holtec advances its 300 MWe PWR small modular reactor design; targets co-located + greenfield siting
Palisades MI plant closes May 2022; Holtec acquires for decommissioning, then pivots to restart effort
$1.52B DOE Loan Programs Office conditional commitment for Palisades restart; the first-ever US nuclear-restart financing
Holtec's License Amendment Request accepted for review; first US shut-down reactor in modern era to file for restart
Hyundai Engineering + Construction joins as SMR-300 deployment partner; Korean export expertise
Return-to-service for the 800 MW Palisades plant slipped from end-2025 to Q1 2026; grid reconnection first, then full restart, subject to NRC approval
Holtec files its NRC license application for the Palisades twin SMR-300s (PIONEER 1&2); receives $400M federal support and a DOE 'Tier 1 First Mover' award; CP Part 1 review requested by Dec 2026
Developer of the SMR-300 (300 MWe PWR). Owner of the Palisades Michigan nuclear plant, with a $1.52B DOE Loan Programs Office commitment for the planned restart (target 2026). Also active in spent-fuel storage and decommissioning services. Holtec International was founded in 1986, is headquartered in Camden, NJ and employs ~3,000.
Holtec International has raised Privately held; Krishna Singh founder-controlled in total at a Privately held (no public valuation) valuation, based on the funding rounds Sterling tracks.
Sterling groups Holtec International in the Nuclear sector, alongside NuScale Power (SMR), Oklo (OKLO), NANO Nuclear Energy (NNE), TerraPower (private), X-energy (private) and Kairos Power (private).
If you are researching Holtec International, also look at NuScale Power (SMR), Oklo (OKLO) and NANO Nuclear Energy (NNE). You can compare all of them side by side or browse the full Nuclear sector on Sterling.
