BHI announced on the 18th that it signed a 'Teaming Agreement' with Holtec International, a global nuclear power company in the U.S. last year and is currently building a close technical cooperation system in the CASK field, including conducting an on-site inspection to verify BHI's quality assurance system.
CASK is a special container for safe transport and long-term storage of spent nuclear fuel that emits high-level radiation and high heat. For this reason, special design and advanced manufacturing technology are required, and Holtec, which is cooperating with BHI, is a global leader in the field and has a diverse product lineup including 'HI-STORM', 'HI-STAR', 'HI-TRAC', 'HI-STORE CISF', and 'MPC'.
Currently, the wet storage facilities of major domestic nuclear power plants, including Gori Headquarters, Hanbit Headquarters, and Hanul Headquarters, are approaching saturation, and according to the industry, CASK demand is expected to arise starting in 2027. BHI plans to quickly secure high-quality CASK production capabilities based on technical cooperation with industry leader Holtec.
A BHI official said, “With spent nuclear fuel management emerging as a key issue in national energy policy, the CASK market is expected to fully bloom as early as the year after next,” and “Based on the technological prowess and quality management know-how we have accumulated in the existing nuclear power plant facilities and power generation fields, we will continue to produce results in the CASK field as well.”
He continued, “The domestic nuclear power plant dry storage market is worth approximately 3 trillion won, and including the permanent disposal business, it is expected to expand to 8 trillion won.” He added, “Through our cooperation with Holtec, we will further enhance our CASK production and technological capabilities, maximize business synergies in domestic and overseas markets, and secure a new growth engine. We will also build this into a cash cow with a stable profit base to continue the momentum of performance growth.”
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