EnergySolutions Selected for Fukushima Clean-up


Salt Lake City, Utah, – March 14, 2012 –
EnergySolutions (NYSE:ES) has been selected by Toshiba Corporation (Toshiba) as the technology provider for the clean-up of the large volume of radioactively contaminated water at the damaged Fukushima Dai-ichi Nuclear Power Plant. Toshiba has previously been selected as a preferred bidder for the work by Tokyo Electric Power Company (TEPCO), the owner of the plant, and EnergySolutions will now support Toshiba in designing and installing the system to decontaminate the water down to levels satisfying the strict safety limits announced by the Japanese Government, which represent a world-leading standard of clean-up.

“We are honored to have been chosen to work alongside Toshiba and TEPCO in tackling this complex problem on behalf of the Japanese people,” said Val Christensen, President and CEO, EnergySolutions. “It is an unprecedented challenge but we are confident that, by applying our proven technology and decades of waste experience, we can deliver the uniquely high levels of clean-up demanded and take the site a step closer to its ultimate remediation.”  

The water that is to be treated has been utilized in TEPCO’s ongoing focus on stabilizing the plant and treatment of the cooling water to date has centered on sufficient decontamination to allow its continued use as a coolant for the reactors. TEPCO has now committed to significantly lower the level of radioactive material in the treated water and EnergySolutions will utilize its world-leading technology, including the Advanced Liquid Processing System (ALPS™), to support Toshiba in removing the wide range of radionuclides present, in addition to the cesium which has been removed to date. The team will also provide the treatment and packaging of secondary wastes resulting from the water decontamination process.

Cautionary Note Regarding Forward-Looking Statements

The statements in this news release regarding application of the Company's proven technology and its ability to deliver uniquely high levels of decontamination constitute forward-looking statements that involve various 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 or contemplated in the forward-looking statements.  The unique levels of contamination, large volumes of waste water and other characteristics of the proposed Fukushima decontamination project may present unforeseen technological challenges and other risks and uncertainties could affect the Company's ability to deliver the results presently contemplated. In addition, other risks are identified in the Company's Annual Report on Form 10-K, as amended, for the fiscal year ended December 31, 2010 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2011 filed with the SEC. The Company expressly disclaims any obligation to update or revise any forward-looking statement found herein to reflect any change in Company expectations or results or any change in future events.

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.

For additional information please contact Mark Walker at (801) 231-9194 or mwalker@energysolutions.com