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EnergySolutions
EnergySolutions was founded by Steve Creamer, who leveraged experience in environmental services to build a company that would become a dominant player in...
EnergySolutions
EnergySolutions was founded by Steve Creamer, who leveraged experience in environmental services to build a company that would become a dominant player in US nuclear waste management. The firm's growth was fueled by acquisitions, including the 2006 purchase of the Envirocare of Utah disposal facility and later the nuclear services businesses of Duratek and GE Hitachi. In 2018, Creamer and a group of private investors took the company private in a $1.1 billion deal, per SEC filings from 2018. The company's strategy centers on the full lifecycle of nuclear waste: it decommissions power plants, processes radioactive materials, and disposes of the resulting waste at its licensed site in Clive, Utah. Past decommissioning projects include the San Onofre Nuclear Generating Station in California and the Zion Nuclear Power Station in Illinois. The firm also operates a treatment facility in Tennessee and a transportation fleet to move waste nationwide. EnergySolutions operates from Salt Lake City with additional facilities in Utah, Tennessee, and South Carolina. The firm's ownership is private; following the 2018 take-private, it is held by an investor group led by Creamer and including other institutional investors. No recent operational events have been disclosed for the past 24 months that are verifiable through public records. The firm's structural differentiator is its control of a scarce asset — one of the few US disposal sites for low-level radioactive waste — combined with vertical integration across the waste management value chain. This gives EnergySolutions both a regulatory moat and a recurring revenue stream from utilities and government clients who have limited disposal options.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Salt Lake City
Corporate office
Salt Lake City, Utah, United States
Principals
Steve Creamer
Founder and former CEO
Ken Wood
CEO
Sector focus
Frequently asked questions
Who controls EnergySolutions?
After going public in 2007, EnergySolutions was taken private in 2018 by founder Steve Creamer and an investor group in a $1.1 billion buyout, per SEC filings. The firm now operates as a privately held company, with Creamer holding a controlling stake.
What wastes does EnergySolutions handle?
EnergySolutions primarily handles Class A, B, and C low-level radioactive waste from commercial nuclear power plants, government facilities (including DOE sites), and industrial operations. It does not handle high-level waste or spent nuclear fuel, per the firm's public licensing.
Where is EnergySolutions' main disposal site?
The company's primary disposal facility is located in Clive, Utah, approximately 60 miles west of Salt Lake City. It is one of only three operating low-level radioactive waste disposal sites in the United States.
What decommissioning projects has EnergySolutions completed?
EnergySolutions performed decommissioning of the San Onofre Nuclear Generating Station (California) and the Zion Nuclear Power Station (Illinois), per public records. These projects involved the removal of major radioactive components and final site cleanup.
Does EnergySolutions operate outside the United States?
The firm's core operations are domestic, focusing on the U.S. nuclear power fleet and federal clients. It had previously pursued international work in the UK and other markets but became US-focused after the 2018 take-private.
How does EnergySolutions generate revenue?
Revenue comes from three lines: disposal fees at the Clive site, processing and treatment contracts for waste volume reduction, and decommissioning services for plant owners. The disposal facility provides a recurring base, per industry analysts.
What is the role of Ken Wood at EnergySolutions?
Ken Wood serves as CEO of EnergySolutions, a position he has held since taking over from founder Steve Creamer. Wood had previously been an executive at the firm and under his leadership the company has focused on operational efficiency and regulatory compliance.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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