Samsung and Seaborg partnership on floating nuclear reactors : New Nuclear

April 08, 2022

The MoU covers the manufacture and sale of turnkey power plants combining Samsung Heavy Industry’s shipbuilding expertise and the Danish company’s Compact Molten Salt Reactor (CMSR). It also covers the development of hydrogen production plants and ammonia plants.

What a 200 MWe electric barge could look like (Image: Seaborg)

Seaborg’s design is for CMSR modular power barges capable of producing between 200 MW and 800 MW of electricity, with an operational life of 24 years. Instead of having solid fuel rods which require constant cooling, the CMSR fuel is mixed with a liquid salt which acts as a coolant, meaning it will simply stop and solidify in the event of a crash. ’emergency.

Jin-Taek Jeong, President and CEO of Samsung Heavy Industries, said, “CRMS is a carbon-free energy source that can effectively address climate change issues and is a next-generation technology that meets the vision from Samsung Heavy Industries.

“Through this agreement, we expect to pioneer the CMSR-based floating nuclear power plant market as it strengthens its future new business opportunity.”

The partnership agreement was signed during an online event, with Seaborg CEO and co-founder Troels Schönfeldt saying, “We are honored and proud to have formed this partnership with Samsung Heavy Industries, the one of the largest and most experienced shipyards in the world. It is another step forward in our quest to introduce a new generation of nuclear reactors that are clean and safe and can be built using industrial technology. with all the benefits of scalability, speed and reduced costs.”

SHI-CEO-and-Seaborg-CEO_Samsung.jpgThe signing of the partnership agreement took place on April 7 (Image: Samsung Heavy Industries)

The schedule for Seaborg, which was founded in 2014, calls for commercial prototypes to be built in 2024 with commercial production of Power Barges starting in 2026.

Samsung Heavy Industries signed an agreement last June with the Korea Atomic Energy Research Institute for the development and research of molten salt cooled offshore reactors.

Research and writing by World Nuclear News

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