Connection

popular articles

Mike Cannon-Brookes redirects his investments to solar power in Australia
Marine turbines: an energy revolution underway in France
Guangzhou Gas: first LNG cargo for Nansha terminal
Gazprom and Iran reach strategic agreement on Russian Gas Supply
USA: US$1.2 billion agreement for EV battery plant

South Korea considers NuScale SMRs for hydrogen production

South Korea is moving into nuclear power development with a cooperation agreement between NuScale Power and GS Energy. This partnership aims to study the construction of a NuScale VOYGR-6 SMR plant as part of the nuclear hydrogen industrial complex.

Please share:

A cooperation agreement has been signed between NuScale Power and GS Energy to study the feasibility of building a NuScale VOYGR-6 SMR plant in the National Nuclear Hydrogen Industrial Complex in South Korea. This partnership will also include the supply of electricity and heat to the complex as well as the participation of partner companies.

According to The Korea Economic Daily, Uljin County plans to build an SMR plant with six NuScale SMR modules. Construction of the SMR plant is expected to begin in 2028, after an estimated five years to obtain approval from the Korean government. It should be completed by 2030, when the industrial park is scheduled to open. Once the SMR plant is completed, GS Energy will operate it.

Promoting hydrogen

The 400 billion won ($300 million) Uljin National Nuclear Hydrogen Industrial Complex began construction in 2022 as part of South Korea’s efforts to promote hydrogen as a future energy source and achieve carbon neutrality by 2050. The Korean government also plans to build national industrial complexes in 14 regions across the country to foster high-tech industries such as semiconductors, future mobility and robots, in addition to the largest semiconductor cluster planned for the Seoul metropolitan area.

VOYGR plants

In June 2021, NuScale Power announced the finalization of an investment agreement with GS Energy North America Investments, the U.S. entity of GS Energy in South Korea. As part of this long-term strategic relationship, GS Energy has made a financial investment in NuScale and will support the deployment of its plants. Both parties also plan to develop service delivery opportunities for NuScale plants regionally. In April 2022, NuScale signed a cooperation agreement with its South Korean partners, Samsung C&T Corporation, Doosan Enerbility and GS Energy, to explore the deployment of NuScale’s VOYGR plants. The agreement builds on a series of investments made by the three companies since 2019 and again in June and July 2021.

As part of the agreement, the companies will jointly study and develop the deployment of VOYGR plants in specific mutually agreed upon locations. The NuScale Power module on which the VOYGR nuclear power plants are based is a pressurized water reactor with all the necessary steam generation and heat exchange components integrated into a single 77 MWe unit. This is the first SMR design to receive approval from the U.S. Nuclear Regulatory Commission. The company offers a 12-module VOYGR-12 power plant capable of producing 924 MWe, as well as 4-module VOYGR-4 (308 MWe) and 6-module VOYGR-6 (462 MWe) plants, and other configurations based on customer needs. A 6-module power plant is to be built near Idaho Falls in the United States as part of the Carbon Free Power project led by Utah Associated Municipal Power Systems, scheduled to be operational by 2030.

Register free of charge for uninterrupted access.

Publicite

Latest news

Ukraine Accuses Slovakia of Blocking €2 Billion Gas Transit
Steelhead LNG accuses Cedar LNG of exploiting data for $1 billion
NANO Nuclear Energy acquires modular reactors for $8.5 million
China: CATL redefines safety with a chassis tested at 120 km/h
Canada records a 2.4% increase in electricity production in October

Recently published in

NANO Nuclear Energy acquires modular reactors for $8.5 million

NANO Nuclear Energy acquires MMR and Pylon reactors during an auction within the bankruptcy of Ultra Safe Nuclear Corporation for $8.5 million.
Sweden Considers Lifting Ban on Uranium Mining
A government report recommends ending Sweden's ban on uranium extraction, paving the way for exploitation under the Minerals Act by 2026.
en_11401035540
Sweden Considers Lifting Ban on Uranium Mining
A government report recommends ending Sweden's ban on uranium extraction, paving the way for exploitation under the Minerals Act by 2026.
en_11401035540
Ghana engages 14 experts to strengthen nuclear safety framework
Fourteen international experts evaluated Ghana's nuclear regulatory framework, highlighting significant progress while identifying major structural challenges to ensure sustainable safety.
en_11401034540
Ghana engages 14 experts to strengthen nuclear safety framework
Fourteen international experts evaluated Ghana's nuclear regulatory framework, highlighting significant progress while identifying major structural challenges to ensure sustainable safety.
en_11401034540
The EPR of Flamanville: Chronicle of a Chaotic Journey and the Future of Nuclear
The EPR of Flamanville symbolizes the challenges of French nuclear energy: delays, cost overruns, and loss of expertise. As the future shifts toward EPR2, the revival of this strategic sector remains fraught with uncertainties.
en_1140982540
The EPR of Flamanville: Chronicle of a Chaotic Journey and the Future of Nuclear
The EPR of Flamanville symbolizes the challenges of French nuclear energy: delays, cost overruns, and loss of expertise. As the future shifts toward EPR2, the revival of this strategic sector remains fraught with uncertainties.
en_1140982540

Argentina’s Javier Milei Announces Nuclear Reactor to Meet 9% Energy Demand Growth

Argentine President Javier Milei has unveiled plans to build a modular nuclear reactor to address a 9% increase in energy demand in 2024, largely driven by the rise of artificial intelligence.
Switzerland Faces Potential Loss of 29% Electricity as Nuclear Plants Near Shutdown
The Swiss government proposes lifting the ban on new nuclear power plants to offset the imminent loss of 29% of electricity supplied by aging reactors.
en_1140984540
Switzerland Faces Potential Loss of 29% Electricity as Nuclear Plants Near Shutdown
The Swiss government proposes lifting the ban on new nuclear power plants to offset the imminent loss of 29% of electricity supplied by aging reactors.
en_1140984540
TerraPower and HD Hyundai partner on a 345 MW nuclear reactor in the United States
HD Hyundai and TerraPower collaborate on the Natrium project, a 345 MW nuclear reactor planned in Wyoming by 2030. This project represents a major step forward in the modular reactor sector to enhance the global energy transition.
en_1140994540
TerraPower and HD Hyundai partner on a 345 MW nuclear reactor in the United States
HD Hyundai and TerraPower collaborate on the Natrium project, a 345 MW nuclear reactor planned in Wyoming by 2030. This project represents a major step forward in the modular reactor sector to enhance the global energy transition.
en_1140994540
Italy: MAIRE-newcleo agreement for a 200 MWe nuclear reactor
MAIRE S.p.A. and newcleo Holding launch Italy's first nuclear project under the Meloni government, featuring a 200 MWe advanced modular reactor.
en_1140978540
Italy: MAIRE-newcleo agreement for a 200 MWe nuclear reactor
MAIRE S.p.A. and newcleo Holding launch Italy's first nuclear project under the Meloni government, featuring a 200 MWe advanced modular reactor.
en_1140978540

The Global Nuclear Market Will Reach USD 44.71 Billion by 2029 Through Strategic Investments

Driven by favorable public policies and growing energy demand, the global nuclear energy market is projected to reach USD 44.71 billion by 2029, with an annual growth rate of 2.9%. Major powers are intensifying investments in the sector.
The United States Grants Two Subsidies for Nuclear Projects in Bulgaria
Two American grants will finance studies on radioactive waste management and modular nuclear reactors in Bulgaria, strengthening bilateral cooperation and supporting the country's energy objectives.
en_1140965540
The United States Grants Two Subsidies for Nuclear Projects in Bulgaria
Two American grants will finance studies on radioactive waste management and modular nuclear reactors in Bulgaria, strengthening bilateral cooperation and supporting the country's energy objectives.
en_1140965540
Flamanville’s EPR: 20 Years of Challenges for a New Energy Hope
The Flamanville EPR will be connected to the grid this Friday. After two decades of delays and cost overruns, this next-generation reactor marks a major milestone for French nuclear energy.
en_1140954540
Flamanville’s EPR: 20 Years of Challenges for a New Energy Hope
The Flamanville EPR will be connected to the grid this Friday. After two decades of delays and cost overruns, this next-generation reactor marks a major milestone for French nuclear energy.
en_1140954540
Westinghouse signs a 20 billion CAD agreement for nuclear projects in Canada
Westinghouse and Aecon announce partnerships to develop AP1000 reactors in Canada, with an economic impact estimated at 20 billion CAD and thousands of jobs at stake.
en_1140957540
Westinghouse signs a 20 billion CAD agreement for nuclear projects in Canada
Westinghouse and Aecon announce partnerships to develop AP1000 reactors in Canada, with an economic impact estimated at 20 billion CAD and thousands of jobs at stake.
en_1140957540

Slovakia: EPH acquires 50% of Slovenske Elektrarne for 150 million euros

EPH, a Czech group owned by Daniel Kretinsky, acquires a majority stake in Slovenske Elektrarne for 150 million euros, consolidating its presence in the European nuclear energy market.
Fessenheim: EDF criticized for a public debate deemed biased by 3 associations
Three associations withdrew from the public debate on the recycling of low-level radioactive metals in Fessenheim, citing a biased and unbalanced process.
en_1140963540
Fessenheim: EDF criticized for a public debate deemed biased by 3 associations
Three associations withdrew from the public debate on the recycling of low-level radioactive metals in Fessenheim, citing a biased and unbalanced process.
en_1140963540
State Aid for Poland’s First Nuclear Power Plant: EU Launches Investigation
The European Commission opens an investigation into Poland's public support for its first nuclear project, estimated at €45 billion, to ensure compliance with electricity market competition rules.
en_1140970540
State Aid for Poland’s First Nuclear Power Plant: EU Launches Investigation
The European Commission opens an investigation into Poland's public support for its first nuclear project, estimated at €45 billion, to ensure compliance with electricity market competition rules.
en_1140970540
NANO Nuclear and Digihost Submit a Response to NYSERDA for a 60 MW Facility in New York
NANO Nuclear and Digihost submit a proposal to NYSERDA to evaluate the integration of advanced nuclear technologies at a 60-megawatt energy site in New York State.
en_1140949540
NANO Nuclear and Digihost Submit a Response to NYSERDA for a 60 MW Facility in New York
NANO Nuclear and Digihost submit a proposal to NYSERDA to evaluate the integration of advanced nuclear technologies at a 60-megawatt energy site in New York State.
en_1140949540

Standard Uranium deploys innovative multiphysics surveys at Davidson River project

Standard Uranium engages Fleet Space Technologies to conduct multiphysics surveys combining ambient noise tomography and gravimetry. This project targets uranium-bearing corridors in the southwest of the Athabasca Basin.
Nuclear Energy: An Economic Asset in Australia’s Energy Mix, Says Study
An independent economic analysis concludes that including nuclear energy in Australia's electricity market could yield substantial savings, with a cost reduction estimated at 44% compared to a scenario relying solely on renewable energy.
en_1140894540
Nuclear Energy: An Economic Asset in Australia’s Energy Mix, Says Study
An independent economic analysis concludes that including nuclear energy in Australia's electricity market could yield substantial savings, with a cost reduction estimated at 44% compared to a scenario relying solely on renewable energy.
en_1140894540
Iran Escalates Nuclear Enrichment: Alarming Increase Under Enhanced Surveillance
Iran surpasses critical limits, increasing uranium enrichment to 60%, while agreeing to stricter monitoring by the IAEA. This development heightens international tensions and revives diplomatic concerns.
en_1140873540
Iran Escalates Nuclear Enrichment: Alarming Increase Under Enhanced Surveillance
Iran surpasses critical limits, increasing uranium enrichment to 60%, while agreeing to stricter monitoring by the IAEA. This development heightens international tensions and revives diplomatic concerns.
en_1140873540
Candu Energy reaches $1 billion in contracts for the Canadian nuclear supply chain
With over $1 billion in purchase orders in 2024, Candu Energy, a subsidiary of AtkinsRéalis, strengthens its Canadian nuclear supply chain by involving 350 local companies, supporting thousands of jobs and advancing the clean energy transition.
en_1140880540
Candu Energy reaches $1 billion in contracts for the Canadian nuclear supply chain
With over $1 billion in purchase orders in 2024, Candu Energy, a subsidiary of AtkinsRéalis, strengthens its Canadian nuclear supply chain by involving 350 local companies, supporting thousands of jobs and advancing the clean energy transition.
en_1140880540

Norway Explores the Potential of Modular Reactors in Halden

Two companies, Amentum and Multiconsult, have been tasked with assessing the feasibility of a modular reactor in Halden, marking a key step in Norway's ambition to address its growing energy deficit.
Paris, London, and Berlin Call on Iran to Stop Nuclear Escalation
France, Germany, and the United Kingdom denounce Iran's increased uranium enrichment, deemed incompatible with civilian use, and call for negotiations to regulate its nuclear program.
en_1140826540
Paris, London, and Berlin Call on Iran to Stop Nuclear Escalation
France, Germany, and the United Kingdom denounce Iran's increased uranium enrichment, deemed incompatible with civilian use, and call for negotiations to regulate its nuclear program.
en_1140826540
Natura Resources revolutionizes Texas energy with small modular reactors
In response to Texas's energy and water challenges, Natura Resources relies on small modular reactors to provide reliable, sustainable solutions adapted to the growing needs of a booming economy.
en_1140825540
Natura Resources revolutionizes Texas energy with small modular reactors
In response to Texas's energy and water challenges, Natura Resources relies on small modular reactors to provide reliable, sustainable solutions adapted to the growing needs of a booming economy.
en_1140825540
Shimane 2: Restart after 13 Years of Shutdown
The Shimane 2 nuclear power plant in Japan resumed operations on December 7 after 13 years of inactivity. This second boiling water reactor marks a significant milestone in the country's energy revitalization.
en_1140803540
Shimane 2: Restart after 13 Years of Shutdown
The Shimane 2 nuclear power plant in Japan resumed operations on December 7 after 13 years of inactivity. This second boiling water reactor marks a significant milestone in the country's energy revitalization.
en_1140803540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS