Samsung Heavy Industries, Sargent & Lundy to jointly develop floating small modular reactors
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Samsung Heavy Industries and U.S. firm Sargent & Lundy signed an MOU to jointly develop standardized floating small modular reactors (FSMRs), combining their expertise to offer versatile reactor technologies to global customers.
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Why It Matters
Samsung Heavy Industries and Sargent & Lundy signed an MOU to jointly develop floating small modular reactors (FSMRs), aiming for a standardized platform for various reactor technologies.
SEOUL, July 22 (Yonhap) -- Samsung Heavy Industries Co., a major South Korean shipbuilder, said Wednesday it has signed a memorandum of understanding (MOU) with U.S. engineering firm Sargent & Lundy (S&L) to jointly develop floating small modular reactors (FSMRs).
The agreement aims to develop a standardized FSMR platform that can accommodate a range of reactor technologies rather than a single reactor type, the company said in a press release.
"This will provide unrivaled versatility, enabling the integration of various reactor types and offering global customers greater flexibility in selecting reactor technologies," it said.
The collaboration is expected to combine Samsung Heavy's engineering, procurement and construction (EPC) capabilities for offshore plants with S&L's nuclear design and engineering expertise, strengthening the shipbuilder's position in the U.S. market.
An FSMR is a next-generation floating nuclear power platform that generates electricity using a small modular reactor (SMR) installed on a floating structure.
Open Questions
- How long will the development take?
- What specific reactor technologies will be integrated?
- What is the estimated cost of development?
