NuScale Power signs MoU with Samsung, Doosan and GS Energy for SMR Nuclear deployment
Small modular reactors firm NuScale Power has signed a MoU with Samsung C&T Corporation, Doosan Enerbility Co. and GS Energy Corporation to explore the planning and deployment of VOYGR small modular reactor nuclear power plants at mutually-agreed locations.
The MoU builds on a series of investments that the three firms have made from 2019. The latest MoU is a step towards bringing the clean energy solution to Asia.
Doosan, Samsung and GS Energy will provide financial support as well as their expertise in the respective fields, like power plant operation, nuclear construction experience and component manufacturing. Specifically, Doosan is a renowned nuclear pressure vessel manufacturer, Samsung is a nuclear power plant contractor and GS Energy is a power plant operator.
“This MOU will serve as a cornerstone of expanding SMR business in cooperation between NuScale and Korean strategic investors, and I expect the cooperation between Korea and the United States in the nuclear business will be strengthened through this MOU,” Kiyong Na, CEO of Doosan Enerbility Nuclear Business Group, said.
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Earlier this year, Oregon-based NuScale announced an agreement to initiate deployment of the company’s technology to Poland’s KGHM Polska Miedź S.A. (KGHM). KGHM is one of Poland’s key copper and silver producers and a large industrial power user.
If the NuScale VOYGR power plant is deployed as early as 2029, as planned, it could help Poland avoid up to 8 million tons of CO2 emissions per year, according to the release. SMR nuclear is carbon-free power generation, same as conventional reactor plants, but it operates on a much smaller land and environmental footprint.
