Tag: nuclear power

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Holtec International Agrees to Pay $5 Million Penalty

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the staff of the Ridgewoodblog

Trenton NJ, Attorney General Matthew J. Platkin and the Office of Public Integrity and Accountability (OPIA) today announced that Holtec International, a Camden-based energy technology company involved in the decommissioning of nuclear power sites, agreed to pay $5 million in penalties and retain an independent reviewer approved by the State to monitor future applications for State benefits, and in exchange the State agrees to defer criminal prosecution following a lengthy criminal investigation into applications by Holtec and a related company, Singh Real Estate Enterprises (SRE), to the New Jersey Economic Development Authority (EDA) for $1 million worth of tax credits from the Angel Investor Tax Credit Program.

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The US Nuclear Regulatory Commission (NRC) certifies the first small modular nuclear reactor design

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Salem Nuclear power plant

the staff of the Ridgewood blog

Ridgewood NJ, the US Nuclear Regulatory Commission (NRC) has certified a design for an advanced small modular reactor (SMR). SMRs are cheaper and easier to build and site than traditional nuclear power plants. The certified design can generate up to 50 MW of electricity. There are plans to build a demonstration plant in Idaho with six modules collectively generating 462 MW. The NRC has only ever certified six other kinds of nuclear reactors.

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Affordable Energy for New Jersey The Key to Spurring Economic Recovery

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the staff of the Ridgewood blog

Ridgewood NJ, In an effort to create a balanced, stable, and cost-effective energy mix in New Jersey, today Affordable Energy for New Jersey (AENJ) released its energy policy whitepaper, Energizing Our Economy. The whitepaper aims to create a productive dialogue with state leaders to discuss how New Jersey can use energy infrastructure investment to kickstart our economic recovery from the COVID-19 recession and keep energy costs manageable for residents in the long term.

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