Rapacious nuclear company Holtec: its dodgy record on safety, finance and lack of transparency New Mexico’s nuclear rush. A massive nuclear waste site near Carlsbad is seemingly on a fast track. Can the company behind it be trusted? 1 -” ………………There really is no fixed date on a repository,” said Rod McCullum of the Nuclear Energy Institute, an industry trade group. In the absence of a permanent storage place, the conversation has turned to interim storage sites that could save companies money until a final destination is established.Enter Holtec. The company was formed in the 1980s to design spent-fuel storage technology for nuclear plants. By the early 2000s, Holtec had secured contracts to provide specialized dry storage casks for a never-built interim facility on the Skull Valley Goshute reservation in Utah and the Tennessee Valley Authority’s Sequoyah Nuclear and Browns Ferry Nuclear plants. By 2018, Holtec operated branches in seven countries, including Ukraine and Spain.