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    NuScale Power signs MoU with Samsung, Doosan and GS Energy for SMR Nuclear deployment

    May 3, 2022
    Doosan, Samsung and GS Energy will provide financial support as well as their expertise in the respective fields, like power plant operation, nuclear construction experience and component manufacturing.
    Image credit Data Center Frontier
    Data Center Nuclear 627177b73c36a

    Small modular reactors firm NuScale Power has signed a MoU with Samsung C&T Corporation, Doosan Enerbility Co. and GS Energy Corporation to explore the planning and deployment of VOYGR small modular reactor nuclear power plants at mutually-agreed locations.

    The MoU builds on a series of investments that the three firms have made from 2019. The latest MoU is a step towards bringing the clean energy solution to Asia.

    Doosan, Samsung and GS Energy will provide financial support as well as their expertise in the respective fields, like power plant operation, nuclear construction experience and component manufacturing. Specifically, Doosan is a renowned nuclear pressure vessel manufacturer, Samsung is a nuclear power plant contractor and GS Energy is a power plant operator.

    “This MOU will serve as a cornerstone of expanding SMR business in cooperation between NuScale and Korean strategic investors, and I expect the cooperation between Korea and the United States in the nuclear business will be strengthened through this MOU,” Kiyong Na, CEO of Doosan Enerbility Nuclear Business Group, said.

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    Earlier this year, Oregon-based NuScale announced an agreement to initiate deployment of the company’s technology to Poland’s KGHM Polska Miedź S.A. (KGHM). KGHM is one of Poland’s key copper and silver producers and a large industrial power user.

    If the NuScale VOYGR power plant is deployed as early as 2029, as planned, it could help Poland avoid up to 8 million tons of CO2 emissions per year, according to the release. SMR nuclear is carbon-free power generation, same as conventional reactor plants, but it operates on a much smaller land and environmental footprint.

    About the Author

    EnergyTech Staff

    Rod Walton is senior editor for EnergyTech.com. He has spent 14 years covering the energy industry as a newspaper and trade journalist.

    Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

    He can be reached at [email protected]. 

    EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

    Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.