SOURCE: EnergySolutions

March 10, 2010 19:00 ET

EnergySolutions Wins Major New-Build Contract in China

New Processing Technology Will Allow for Additional Efficiency and Cleaner Energy Production of Plants

SALT LAKE CITY, UT--(Marketwire - March 10, 2010) -  EnergySolutions, Inc. (NYSE: ES) announced today that it has been selected to provide waste management systems to new CPR1000 reactors being built as a part of the extensive nuclear new build program in China.

China Guangdong Nuclear Power Holding Corporation (CGNPC), a clean energy corporation with nuclear power as its core business to supply electricity in a safe, environmental friendly and economical manner, is constructing six CPR 1000 reactor units at its Yangjiang site in Guangdong Province China.

The contract to design and supply the liquid waste processing system, together with solid waste systems for two reactor units of Yangjiang Nuclear Power Project, has been awarded to the company's international subsidiary EnergySolutions EU Ltd. The Yangjiang reactors will be operated by Yangjiang Nuclear Power Company Ltd., a subsidiary of CGNPC.

"We appreciate the opportunity to work with CGNPC and its subsidiary companies in further developing nuclear power as a vital source of clean energy in China," said Val Christensen, CEO and President of EnergySolutions. "We look forward to supporting our customer in the delivery of this exciting vision."

Two reactor units of Yangjiang Nuclear Power Project will be equipped with EnergySolutions liquid waste processing systems that will reduce the liquid effluent discharges from the plants to less than one half of China's current national standard. This will be a significant technical milestone and breaks new ground in China's move towards ever cleaner energy production.

"This is a remarkable opportunity to play a vital role in new nuclear build in China as clean nuclear power gathers momentum," added Mark Morant, President, EnergySolutions International Group. "As a worldwide leader in nuclear waste management, our technologies, innovation and key personnel will provide invaluable service to this project in meeting this new and challenging discharge requirement."

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.

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