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EnergySolutions, Inc. Awarded Additional Funding for the Global Nuclear Energy Partnership Program (GNEP)

SOURCE:

EnergySolutions

2008-04-01 17:10:00

EnergySolutions, Inc. Awarded Additional Funding for the Global Nuclear Energy Partnership Program (GNEP)

SALT LAKE CITY, UT–( EMWNews – April 1, 2008) – EnergySolutions (NYSE: ES) announced

today that it has received additional funding from the Department of Energy

(DOE) to continue work under the cooperative agreement to perform GNEP

Deployment Studies. The additional funding increases the amount under the

existing contract and brings the total DOE funding for GNEP to

EnergySolutions to $13.2 million.

“We appreciate the confidence the Department of Energy has in

EnergySolutions by extending this contract,” said Steve Creamer, Chairman

and CEO of EnergySolutions. “The role of nuclear power is vital to the

future of energy in this country. This program is a step toward utilizing

our proven reprocessing technology to help secure our nation’s energy

future.”

Funding for this extension will be used to develop the conceptual design

and business operations of reprocessing facilities and establish scope,

schedule and priorities for the long-term advanced processes.

EnergySolutions’ GNEP Program team includes a broad group of team members

including The Shaw Group, Westinghouse Electric Company, Atomic Energy of

Canada Ltd, Booz Allen Hamilton, Nexia Solution, Nuclear Fuel Services and

Toshiba.

EnergySolutions offers customers a full range of integrated services and

solutions, including nuclear operations, characterization, decommissioning,

decontamination, site closure, transportation, nuclear materials

management, the safe, secure disposition of nuclear waste, and research and

engineering services across the fuel cycle.

Statements in this news release regarding future financial and operating

results and any other statements about the company’s future expectations,

beliefs or prospects expressed by management constitute forward-looking

statements within the meaning of the Private Securities Litigation Reform

Act of 1995. There are a number of important factors that could cause

actual results or events to differ materially from those indicated by such

forward-looking statements, including economic conditions generally.

Additional information on potential factors that could affect our results

and other risks and uncertainties are detailed in the company’s Form S-1

filed with the Securities Exchange Commission.

For additional information please contact:
Mark Walker

801-231-9194
www.EnergySolutions.com

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