New nuclear plant could rise at former Oyster Creek site in N.J.

The company that’s in the process of mothballing one of the nation’s oldest nuclear power plants says it is interested in building a new next-generation nuclear reactor at the same site in New Jersey.

Holtec International last month received $147.5 million — $116 million of which will come from the U.S. Department of Energy — to complete research and development work on a modern nuclear reactor that could be built at the site of the former Oyster Creek Nuclear Generating Station in the Forked River section of Lacey Township, New Jersey.

Holtec owns that facility and oversaw its shutdown in 2018.

The Camden company’s interest in building an SMR-160 reactor, which would be a nationwide demonstration project, was first reported Friday by an engineering industry website.

“As part of our application to the Department of Energy for its advanced reactor demonstration program, we expressed interest in possibly locating an SMR-160 small modular reactor at the Oyster Creek decommissioning site in the future,” company spokesperson Joe Delmar said in an email Tuesday. “This concept is only preliminary and something we would likely discuss with Lacey Township and the community if plans to locate (the reactor) at Oyster Creek evolve.”

Delmar said Holtec is “actively engaged with the Nuclear Regulatory Commission” about the project, but has not yet formally applied to build the reactor.

Holtec calls the SMR-160 “a versatile, safe, and economical small modular reactor,” one in which all key components, including cooling water, are sealed within containment facilities, and that can quickly be shut down during an emergency. It uses no pumps or valves.

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