Elected officials in New Jersey welcomed the beginning of construction on Holtec International’s Technology Campus, among them being acting Gov. Kim Guadagno, the New Jersey governor’s office announced on Wednesday.
When it is completed, the campus will house facilities for manufacturing, nuclear reactor testing and engineering. Holtec has stated that the development of the SMR-160 reactor will take place at the Camden campus. This group of facilities represents $260 million in investments by Holtec.
“This development on the Waterfront marks a strong new day for Camden,” Guadagno said. “I personally have been working on this project for five years. It is incredibly satisfying to be here to see the largest single investment ever in Camden start to come to life. We will continue working toward this City’s renewal, with projects like Holtec’s Technology Campus. Today, we celebrate not only hundreds of new and retained jobs, but also Holtec’s commitment to the Camden community and its continued presence in New Jersey’s innovation ecosystem.”
Holtec International specializes in the manufacturing and supply for energy generation of multiple types including nuclear, geothermal, solar and fossil fuels.
Holtec Founder, President and CEO Dr. Kris Singh stated that the company hopes that the campus will be able to serve as a training ground for young people and veterans that are unemployed in the area.
