Samsung Heavy Industries, Korea Hydro & Nuclear Power, and Cyborg Launch Development of 'Nuclear Power Plant on the Sea'

Molten Salt Reactor (CMSR) Applied Floating Power Generation Facility

Samsung Heavy Industries, Korea Hydro & Nuclear Power, and Danish nuclear power company Seaborg are collaborating to develop floating power generation facilities applying the Molten Salt Reactor (CMSR).

On the 20th, the three companies held a signing ceremony at the Korea Hydro & Nuclear Power Radiation Health Institute in Seoul and agreed to form a consortium for the development and commercialization of floating power generation facilities applying CMSR. The ceremony was attended by Jin-taek Jeong, President of Samsung Heavy Industries; Ju-ho Hwang, President of Korea Hydro & Nuclear Power; and Navid Samandari, President of Seaborg.

Samsung Heavy Industries, Korea Hydro & Nuclear Power, and Cyborg signed a consortium agreement on the 20th to collaborate on the development of an offshore floating molten salt nuclear power plant project. From left to right: Navid Samandari, President of Cyborg; Hwang Ju-ho, President of KHNP; Jeong Jin-taek, President of Samsung Heavy Industries.

CMSR is a next-generation reactor designed to enhance safety by solidifying the liquid molten salt, which acts as both fuel and coolant, in case of abnormalities in the reactor. The offshore floating reactor developed by Seaborg features a modular design that can operate for 24 years without refueling nuclear fuel. The consortium aims to first commercialize a 200MW capacity power generation facility while strengthening the foundation for commercialization.

Samsung Heavy Industries will be responsible for developing the floating body of the nuclear power generation facility based on its marine EPC (Engineering, Procurement, and Construction) technology capabilities, while Seaborg, which holds core reactor technologies, will handle the CMSR and nuclear fuel supply to be installed in the product.

Korea Hydro & Nuclear Power will lead the operation and maintenance (O&M) development of the floating nuclear power generation facility and support the project using the technology and experience it has secured through nuclear power plant construction and operation.

President Jin-taek Jeong said, "Floating nuclear power generation facilities are carbon-free energy solutions that can efficiently respond to climate change issues," adding, "They are next-generation technologies that can be expanded to floating hydrogen and ammonia plants."

Navid Samandari, President of Seaborg, stated, "It is special in that it commercializes nuclear power generation facilities suitable for the scale, and I am very proud to develop and deploy floating nuclear power generation facilities in collaboration with the best partners in the nuclear power and shipbuilding and operation sectors."

President Ju-ho Hwang said, "Through cooperation in next-generation nuclear power plant projects, Korea and Denmark will take the lead in advancing as partners for mutual development toward a safer and cleaner future."

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