South Korean shipbuilder Samsung Heavy Industries (SHI) has partnered up with Korea Atomic Energy Research Institute (KAERI) with an aim to develop nuclear-powered vessels.
What is more, the partnership will be focused on developing floating nuclear power plants based on molten salt reactors (MSR) — the technology which has been emerging as a “zero-carbon energy source”.
As explained, the MSR is a type of small module reactor that has sparked interest as a carbon zero energy source able to respond to the recent climate crisis.
Through this agreement, SHI plans to tap into the market of MSR-based floating nuclear power generation plants and nuclear-powered vessels, the shipbuilder said on 9 June.
According to Jin-Taek Jung, CEO of SHI, the company intends to focus on R&D within the project so that the MSR -based technology can enable a new future growth engine.