Samsung Heavy, Launches 'Nuclear Power Equipment' at Sea... "Leading the 'Nuclear Carbon Neutrality' Product Market"

"Development of 800MW-Class Floating Nuclear Reactor Power Plant Model This Year"

Jin Taeck Jung, President of Samsung Heavy Industries (right), poses for a commemorative photo after signing a joint development agreement for floating nuclear power generation facilities with the Danish company Ciborg. (Photo by Samsung Heavy Industries)

[Asia Economy Reporter Moon Chaeseok] Samsung Heavy Industries is pursuing a plan to float nuclear power generation facilities at sea and use them as ship propulsion fuel.

Samsung Heavy Industries announced on the 7th that it has signed a technology cooperation memorandum of understanding (MOU) with Danish company Seaborg, a developer of molten salt reactors, to develop a 'floating nuclear power generation facility' product utilizing small modular molten salt reactors (CMSR).

CMSR is a next-generation energy source that uses nuclear fission energy to produce electricity with high efficiency and zero carbon dioxide emissions. It is smaller than conventional large reactors, making it suitable for a variety of applications. It is designed so that if an abnormal signal occurs inside the reactor, the liquid molten salt (nuclear fuel and coolant) solidifies, ensuring high safety.

Based on its marine plant manufacturing technology and capabilities, Samsung Heavy Industries plans to develop a floating nuclear reactor power generation facility model with a capacity of up to 800 MW in collaboration with Seaborg within this year, and pursue class certification and business activities. Subsequently, the company plans to expand development to hydrogen and ammonia production facilities utilizing the electricity generated from the floating power generation facility.

Troels Schonfeldt, founder and CEO of Seaborg, said, "We expect that the commercialization of offshore nuclear power generation facilities will be accelerated through technological cooperation with Samsung Heavy Industries, a global shipbuilding company," adding, "CMSR will be a new power supply solution that can efficiently respond to climate change."

Jung Jintaek, CEO of Samsung Heavy Industries, emphasized, "Samsung Heavy Industries is focusing its capabilities on developing products using carbon-neutral technologies ranging from renewable energy such as hydrogen and wind power to nuclear power," and added, "We will create future business opportunities by pioneering innovative products."

Samsung Heavy Industries also announced that in June last year, it signed a joint research agreement with the Korea Atomic Energy Research Institute (KAERI) for the development of marine molten salt reactors (MSR) and is actively conducting research on MSR for ship propulsion fuel.

This content was produced with the assistance of AI translation services.