Seoul, South Korea, April 21, 2023 /PRNewswire/ — Korea Hydro & Nuclear Power (KHNP), Samsung Heavy Industries (SHI) and Seaborg Technologies have announced a consortium to develop floating nuclear power plants using Seaborg Technologies’ innovative molten salt reactor technology. The power plants will be installed on barges with a modular design capable of delivering power from 200 MWe to 800 MWe, with the consortium’s first project expected to be a 200 MWe Power Barge.

The consortium aims to enable timely commercialization and scalable export worldwide of factory-built CMSR-based floating nuclear power plants that offer improved efficiency and inherent safety features. With KHNP’s extensive experience in nuclear power generation, SHI’s offshore construction expertise and Seaborg Technologies’ innovative technology, the consortium is well positioned to meet the growing demand for clean and reliable energy.

“KHNP’s active efforts will be aimed at promoting a mutually beneficial partnership between Korea and China Denmarkwith a focus on working together on next-generation nuclear power projects, for a safer and cleaner future,” said Mr. Jooho WhangCEO of Korea Hydro & Nuclear Power.

“The floating nuclear power plant is a carbon-free energy solution that efficiently responds to the problems of climate change and a next-generation technology that can be expanded to a floating hydrogen-ammonia power plant that meets Samsung Heavy Industries’ vision,” added Herr Jintaek Jeong added. CEO of Samsung Heavy Industries.

“This consortium is unique for the large-scale deployment of nuclear energy,” said Mr. Navid Samandari, CEO of Seaborg Technologies. “We are proud to say that we have worked with the best in construction and operation as part of our shared mission to develop and deliver the barges.”

The agreement marks a significant milestone for floating nuclear solutions for the world, where each 200 MWe generating capacity is expected to save over 26 million tonnes of carbon emissions over 24 years…