Date: July 13, 2009
Source: EnergySolutions, Inc.
EnergySolutions Awarded Liquid Waste Contract Valued up to $56 Million
EnergySolutions, Inc. (NYSE: ES) announced today the award of the first of two contracts from Savannah River Remediation (SRR), LLC. Together these contracts will provide funding up to $56 Million over the next 8 years. EnergySolutions was named a subcontractor to the URS led SRR team, which won the Liquid Waste Operations contract at the Department of Energy's Savannah River Site.
"We appreciate the confidence the Savannah River Remediation (SRR) team has in EnergySolutions to perform this work," said Steve Creamer, CEO and Chairman of EnergySolutions. "We look forward to utilizing our vitrification technology to progress the clean up of the Savannah River site."
EnergySolutions and its long term research partner, the Vitreous State Laboratory of the Catholic University of America, will provide waste vitrification technology and related technical and engineering services to assist the SRR team with optimizing the performance of the Defense Waste Processing Facility, and other waste treatment processes. SRR assumed control of the Liquid Waste Operations contract on July 1, 2009.
Additionally, EnergySolutions has provided the vitrification technology to the U.S. Department of Energy's Hanford site located in Washington State, to eventually stabilize millions of gallons of high level tank waste stored at the site.
EnergySolutions offers customers a full range of integrated services and solutions, including nuclear operations, characterization, decommissioning, decontamination, site closure, transportation, nuclear materials management, processing, recycling, and disposition of nuclear waste, and research and engineering services across the nuclear fuel cycle.
Statements in this news release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Forward-looking statements are not guarantees of future performance and the Company's actual results may differ significantly from the results discussed in the forward-looking statements.
For additional information please contact Mark Walker at mwalker@energysolutions.com or (801) 231-9194.
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