Korea Hydro & Nuclear Power, Samsung Heavy Industries and Seaborg Technologies agreed to develop CMSR-based floating nuclear power plants. Credit: Seaborg Technologies.

A consortium comprising Korea Hydro & Nuclear Power (KHNP), Samsung Heavy Industries (SHI) and Seaborg Technologies has unveiled plans to develop floating nuclear power plants.

The floating nuclear facilities will be installed on barges and will feature Seaborg Technologies’ compact molten salt reactor (CMSR) technology.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The power plants will be installed on barges with a modular design, and able to deliver between 200 megawatts electricity (MWe) and 800MWe. The consortium’s first project is expected to be a 200MWe power barge. 

The project brings together KHNP’s experience in nuclear power generation, SHI’s offshore construction expertise and Seaborg Technologies’ innovation.

KHNP currently owns and operates 25 nuclear power plants and 28 hydroelectric power plants in Korea.

See Also:

KHNP CEO Jooho Whang stated: “KHNP’s active effort will be aimed at fostering a mutually beneficial partnership between Korea and Denmark, with a focus on cooperation in the next generation nuclear power project, for a safer and cleaner future.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The consortium aims to commercialise CMSR-based floating nuclear power plants across the globe, and offers both improved efficiency and inherent safety characteristics.

It is estimated that each 200MWe plant will offset 26 million tonnes of carbon emissions over its 24-year life.

Samsung Heavy Industries CEO Jintaek Jeong stated: “The floating nuclear power plant is a carbon-free energy solution which is efficiently responding to climate change issues, and a next-generation technology expandable to a floating hydrogen ammonia plant that meets the vision of Samsung Heavy Industries.”