NAC International Enters Contract with ZionSolutions for Supply of MAGNASTOR® Spent Fuel Storage Systems
November 22, 2010
NORCROSS, Ga. — NAC International (NAC) announced today that it has entered into a contract with ZionSolutions, LLC to supply 65 MAGNASTOR dry spent fuel storage systems. These systems will store the spent fuel from the shutdown two-unit Zion Nuclear Power Station facility in Zion, Illinois, allowing the final decommissioning of the Zion Station and eventual restoration of the site.
The contract follows a letter of intent to purchase MAGNASTOR systems sent by ZionSolutions to NAC in April. The purchase was contingent upon execution of a contract and completion of the transfer of the Zion Station NRC licenses to ZionSolutions. The transfer was completed on September 1, 2010.
“NAC is excited to supply our MAGNASTOR systems toZionSolutionsso they can begin placing the spent fuel into safe, economical dry storage,” said Kent Cole, NAC’s president. “Our teams are already hard at work applying NAC’s safe, secure dry storage technology experience to the Zion project.”
NAC’s scope includes supplying 65 NAC MAGNASTOR System storage units to ZS, performing site-specific engineering, and delivering on-site transfer equipment. The scope also encompasses licensing work related to the storage and transport of special waste forms that are necessary to decommission the plant facilities.
This ZionSolutions project follows recent new contracts from a nuclear utility to supply 44 systems of the MAGNASTORSystem design, NAC’s latest fuel storage technology that builds on the advantages of earlier NAC dry storage technologies. The MAGNASTOR System offers diversity and flexibility of fabrication, higher capacity, simpler operations and support equipment, improved economics and industry-leading low operational exposure to address the evolving spent fuel storage and transportation requirements of nuclear utility customers. Currently, 109 MAGNASTOR systems have been ordered with first system delivery completed in July 2010.
NAC’s dry spent fuel storage technologies are among the most widely used systems in the United States. With this contract from ZionSolutions, more than 420 NAC storage systems have been ordered. Currently, more than 270 have been fabricated, constructed and delivered to utilities. Of those delivered, 245 multipurpose canister systems have been loaded with spent fuel and installed at independent spent fuel storage installations (ISFSIs) at U.S. reactors, representing almost 30 percent of the multipurpose canister systems at ISFSIs in the United States.
NAC is a diversified company specializing in nuclear fuel transport, spent fuel management technology and fuel cycle consulting. Since 1968, NAC has been a leader in providing solutions and services to the nuclear industry throughout the world, working with both government and commercial organizations. NAC maintains its corporate headquarters in Norcross, Ga. and has international offices in Moscow, London and Tokyo. NAC is a wholly-owned subsidiary of USEC Inc. (NYSE: USU), a leading supplier of enriched uranium fuel for commercial nuclear power plants.
The contract follows a letter of intent to purchase MAGNASTOR systems sent by ZionSolutions to NAC in April. The purchase was contingent upon execution of a contract and completion of the transfer of the Zion Station NRC licenses to ZionSolutions. The transfer was completed on September 1, 2010.
“NAC is excited to supply our MAGNASTOR systems toZionSolutionsso they can begin placing the spent fuel into safe, economical dry storage,” said Kent Cole, NAC’s president. “Our teams are already hard at work applying NAC’s safe, secure dry storage technology experience to the Zion project.”
NAC’s scope includes supplying 65 NAC MAGNASTOR System storage units to ZS, performing site-specific engineering, and delivering on-site transfer equipment. The scope also encompasses licensing work related to the storage and transport of special waste forms that are necessary to decommission the plant facilities.
This ZionSolutions project follows recent new contracts from a nuclear utility to supply 44 systems of the MAGNASTORSystem design, NAC’s latest fuel storage technology that builds on the advantages of earlier NAC dry storage technologies. The MAGNASTOR System offers diversity and flexibility of fabrication, higher capacity, simpler operations and support equipment, improved economics and industry-leading low operational exposure to address the evolving spent fuel storage and transportation requirements of nuclear utility customers. Currently, 109 MAGNASTOR systems have been ordered with first system delivery completed in July 2010.
NAC’s dry spent fuel storage technologies are among the most widely used systems in the United States. With this contract from ZionSolutions, more than 420 NAC storage systems have been ordered. Currently, more than 270 have been fabricated, constructed and delivered to utilities. Of those delivered, 245 multipurpose canister systems have been loaded with spent fuel and installed at independent spent fuel storage installations (ISFSIs) at U.S. reactors, representing almost 30 percent of the multipurpose canister systems at ISFSIs in the United States.
NAC is a diversified company specializing in nuclear fuel transport, spent fuel management technology and fuel cycle consulting. Since 1968, NAC has been a leader in providing solutions and services to the nuclear industry throughout the world, working with both government and commercial organizations. NAC maintains its corporate headquarters in Norcross, Ga. and has international offices in Moscow, London and Tokyo. NAC is a wholly-owned subsidiary of USEC Inc. (NYSE: USU), a leading supplier of enriched uranium fuel for commercial nuclear power plants.
