SEOUL, July 10 (Korea Bizwire) — South Korea launched a government-lead project worth 399.2 billion won (US$305.4 million) to foster research and development of a homegrown small modular reactor (SMR) in an effort to lead the global market of the emerging energy sector, the science ministry said Monday. Co-led by the Ministry of Science and [...]
SEOUL, April 26 (Korea Bizwire) — Two affiliates of South Korea’s SK Group have signed a partnership agreement with a U.S. nuclear company, backed by Microsoft Corp. founder Bill Gates, to collaborate on the commercialization of an advanced reactor, an SK unit said Wednesday. SK Inc., SK Innovation Co. and the state-run Korea Hydro & [...]
SEOUL, May 10 (Korea Bizwire) — Samsung C&T Corp., a South Korean construction firm, said Tuesday it has forged a comprehensive partnership with NuScale Power, a U.S. nuclear technology company, in a move to tap deeper into the small modular reactor (SMR) business. The construction unit of Samsung Group has injected an additional US$50 million [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korea’s power plant builder Doosan Heavy Industries & Construction Co. said Wednesday it has signed a deal with U.S. small modular reactor (SMR) maker X-energy to design a small SMR based on high-temperature gas-cooled reactor (HTGR) technology. Under the deal, Doosan Heavy will design X-energy’s SMR, an 80 [...]