DS Dansuk, a South Korean power firm specializing in useful resource recycling, mentioned on Jan. 12 that it has signed a strategic memorandum of understanding with U.S.-based next-generation reactor developer Nano Nuclear Power (NNE) to pursue the home introduction of micro modular reactors (MMRs).
Beneath the settlement, DS Dansuk and NNE will set up a cooperative framework for the event and commercialization of MMR know-how and discover enterprise alternatives within the South Korean market. In contrast with typical large-scale reactors, MMRs are simpler to put in, provide increased security ranges, and allow environment friendly operation via distributed energy era, positioning them as a future power supply.
The 2 corporations plan to collaborate throughout the complete commercialization course of, together with figuring out MMR-based enterprise fashions relevant to South Korean industrial websites, conducting technical evaluations, coordinating regulatory and licensing responses, and linking provide chains. They can even look at the feasibility of a phased introduction of MMRs in keeping with adjustments in South Korea’s regulatory atmosphere.
The partnership is being evaluated as the primary collaboration between a worldwide firm holding core MMR know-how and a home agency with energy-industry networks and manufacturing capabilities. DS Dansuk will take cost of mission execution, with plans to advance its “One Manufacturing facility, One MMR” imaginative and prescient, below which every manufacturing facility operates a devoted reactor.
DS Dansuk Chairman Han Seung-wook mentioned, “The settlement with Nano Nuclear Power, which is a frontrunner in next-generation reactor know-how, marks an vital turning level in realizing carbon-neutral options,” including, “Following the institution of cooperation frameworks final yr with Korea Hydro & Nuclear Energy’s Central Analysis Institute and the Korea Institute of Power Expertise, the corporate plans to regularly broaden a carbon-free power system based mostly on MMRs by integrating international nuclear applied sciences.”
