Holtec International, known for decommissioning reactors and developing nuclear power projects, could become a publicly-traded company within the next year.
In a Monday interview with Barrons, Holtec CEO Kris Singh said the company was looking at an initial public offering sometime in the January through April 2026 time period, a Holtec spokesperson confirmed Wednesday via email.
But no formal timetable is in place and lots of work remains behind the scenes in order to get to that point, the Holtec spokesperson added.
The Barrons article from the interview, Nuclear Power’s Biggest IPO in Years Is on the Way, available behind a paywall, said Holtec is likely worth billions and a public company would offer prospective shareholders a vehicle for direct investment in the nuclear sector.
It would be the first major public offering involving a big nuclear company doing cleanup since Amentum merged with the government contracting and cyber arm of Dallas-based Jacobs. But Amentum going public in October 2024 was different given that Jacobs was already a publicly-traded company.
Public company shares can be bought and sold by members of the general public on stock exchanges.
Based in Jupiter, Fla., Holtec decommissioning projects include the Oyster Creek nuclear plant in New Jersey, the Indian Point nuclear plant in New York state and the Pilgrim plant in Massachusetts.
One of Holtec’s decommissioning projects, the Palisades nuclear plant in Michigan, is being revived to resume serving the electric grid. The Nuclear Regulatory Commission has concluded no big environmental harm would result from restart. The Palisades restart also benefits from a Department of Energy loan program.
Earlier this month, Holtec’s plans for a consolidated interim spent fuel storage facility in New Mexico benefitted from a U.S. Supreme Court ruling.
