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Korea and Sweden have agreed to strengthen non-public nuclear cooperation together with small modular reactors (SMR) and renewable power.
The Ministry of Local weather and Setting introduced on Jan. 19 that it signed a memorandum of understanding (MOU) on cooperation in clear power transition’ with Sweden’s Ministry of Local weather and Enterprise on the Westin Chosun Lodge in Seoul.
The 2 international locations agreed to cooperate in nuclear improvement analysis and innovation together with SMR, and human useful resource improvement. They will even increase non-public sector participation and transactions in nuclear provide chain improvement.
Moreover, they may strengthen cooperation in power and clear power deployment coverage improvement, energy grid and energy system improvement and operation for energy safety, renewable power supply improvement and energy system integration, batteries and power storage options.
After signing the memorandum of understanding, the 2 international locations additionally carried out separate discussions on clear power deployment, renewable power energy system integration, and nuclear energy together with SMR.
Moreover, by way of the Korea-Sweden Power Roundtable with participation of industry-academia-research consultants, they mentioned public-private cooperation measures together with offshore wind, energy grid growth, know-how improvement and coverage help instances.
Lee Ho-hyun, vice minister of the ministry, “This memorandum of understanding between the 2 international locations is the primary worldwide power cooperation achievement because the ministry’s launch,” including “We are going to actively help substantial public-private cooperation that mixes each international locations’ coverage expertise and industrial capabilities in varied fields together with renewable power, SMR, and energy grids going ahead.”
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