BOISE, Idaho, Oct. 3, 2012 /PRNewswire/ -- Alternate Energy Holdings, Inc. (OTC:AEHI; www.aehipower.com) today announced the company is exploring the use of small modular reactors (SMR) on its proposed nuclear power plant site in Payette County, Idaho. These designs have progressed to the point of consideration now as they have gotten much closer to the Federal approval stage.
SMRs range between 45 and 220 MWe and because of their modular and easily expandable design, their implementation can be very flexible based on future energy needs.
"This would not necessarily replace our plans to build a large-scale reactor on the proposed site, but there may be an opportunity to build one or more years in advance of the larger reactor. If accomplished, it could mean the company would be producing power much more quickly, assuming the SMRs can obtain the required certification in the next few years. There may also be other opportunities to place these SMRs on other potential western sites," said Don Gillispie, AEHI CEO.
There are a number of advantages to using an SMR design. They are scalable, most modular reactor systems are factory manufactured in North America, they have superior safety features, construction timeframe is much quicker, and they require a smaller up front capital investment.
SMRs also utilize much less space, approximately 20 acres per reactor.
Several SMR designs are being reviewed including designs from Babcock & Wilcox, Westinghouse, NuScale Power and the Korea Atomic Energy Research Institute (KAERI).
"We are seriously reviewing these options. SMR designs may give the company the flexibility it needs in the short term, while at the same time providing a very lucrative addition to AEHI's long-term plans," said Gillispie.
About Alternate Energy Holdings, Inc. (http://www.aehipower.com) -- Alternate Energy Holdings develops and markets innovative carbon-free energy sources. The company is the nation's only publicly traded independent nuclear power plant developer seeking to build a new nuclear power plant; Idaho Energy Complex is the lead project. Other business units include Energy Neutral(R), which reduces energy demands for homes and businesses using primarily renewables (http://www.energyneutralinc.com) and Green World Water(TM), which markets nuclear desalination reactors primarily to developing countries for production of potable water, power generation and other suitable applications (http://www.greenworld-h2o.com).
Safe Harbor Statement: Statements in this press release which are not purely historical, including statements regarding Alternative Energy Holdings', intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. As such, they are subject to risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements. . The forward-looking statements involve risks and uncertainties including, but not limited to, the risk the company may not raise sufficient money to fund the costs and expenses of the COLA application process, the risk that the company may experience delays in the COLA application process and the risk that the COLA application will not receive regulatory approval. Our business could be affected by a number of other factors, including the risk factors listed from time to time in the company's SEC reports including, but not limited to, the annual report on Form 10-K for the fiscal year ended December 31, 2010. The company cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Alternate Energy Holdings, Inc. disclaims any obligation, and does not undertake to update or revise any forward-looking statements in this press release.
Director of Corporate Communications
Alternate Energy Holdings, Inc.
Tel: (208) 939-9311
SOURCE Alternate Energy Holdings, Inc.