Holtec is a nuclear technology company that designs, manufactures, and services equipment across the nuclear power lifecycle. The company’s primary revenue driver is its Spent Nuclear Fuel storage and transportation business. Holtec designs and manufactures both wet and dry storage systems for nuclear plant operators globally and maintains high market share in the U.S. This business relies on long-term, fixed-price contracts and generates recurring revenue due to the high costs and regulatory hurdles associated with switching licensed storage systems. Holtec also provides decommissioning services for retired nuclear plants, a segment it is restructuring to focus on service-only contracts rather than asset ownership. Expanding beyond equipment and services, Holtec is entering the power generation market by restarting the Palisades Nuclear Power Plant in Michigan. Once operational, the plant will sell electricity under long-term power purchase agreements. The company is also developing its flagship SMR-300, a small modular reactor based on pressurized water reactor technology. Holtec plans to commercialize this technology through both build-own-and-operate and develop-to-deploy models, utilizing its existing manufacturing facilities and experience as a nuclear plant operator to deploy its reactor fleet globally.