Consortium formed to advance floating nuclear power

Korea Hydro & Nuclear Power (KHNP), Samsung Heavy Industries (SHI) and Seaborg Technologies have formed a consortium to develop floating nuclear power plants.

Using Danish Seaborg Technologies’ molten salt reactor technology, the power plants will be installed on barges with a modular design able to deliver from 200MWe to 800MWe, with the consortium’s first project expected to be a 200MWe power barge.

The consortium aims to enable a scalable export of factory-produced CMSR-based floating nuclear power plants worldwide.

”KHNP’s active effort will be aimed at fostering a mutually beneficial partnership between Korea and Denmark, with a focus on cooperation in the next generation nuclear power project, for a safer and cleaner future.” said Jooho Whang, CEO of Korea Hydro & Nuclear Power.

Korea Hydro owns and operates South Korea’s 25 nuclear power plants along with 28 hydro-electric power plants.

“This consortium is unique for deploying nuclear power at scale,” added Navid Samandari, CEO of Seaborg Technologies. “We are proud to say we have partnered with the best for construction and operations as part of our shared mission to develop and deploy the power barges.”