In Partnership with Seaborg of Denmark
Samsung Heavy Industries will develop offshore nuclear power plant facilities. It announced on April 7 that it has signed an MOU with Denmark’s Seaborg, a compact molten salt reactor (CMSR) developer, to develop a floating nuclear power plant facility using CMSRs.
CMSRs can generate electricity with high efficiency without emitting carbon dioxide by using nuclear fission energy. They are smaller than general large nuclear reactors, so they have a wide range of applications. They boast strong stability, as they are designed to solidify molten salt when an abnormal signal occurs inside them.
Based on its offshore plant manufacturing capabilities, Samsung Heavy Industries plans to develop a floating reactor power plant model of up to 800MW with Seaborg within 2022. It plans to expand its business to the development of hydrogen and ammonia production facilities that use electricity generated by floating power plants.
“We expect the commercialization of offshore nuclear power plants will be accelerated through technological cooperation with Samsung Heavy Industries, a global shipbuilder,” said Troels Schönfeldt, founder and CEO of Seaborg.
“We are concentrating our capabilities on developing innovative products based on carbon-neutral energy sources ranging from renewable energy to nuclear power,” said Samsung Heavy Industries CEO Jung Jin-taek.