US-based Centrus Energy Corp and South Korea’s Doosan Heavy Industries and Construction Co announced a memorandum of understanding (MOU) on 17 September to explore opportunities for cooperation in providing manufacturing, engineering and technical services/goods to the nuclear industry. The MOU targets advanced technologies that will be utilised in the next generation of commercial nuclear reactors under development around the world.
The MOU sets up a framework for the two companies to explore a range of commercial initiatives. In particular, Centrus (formerly USEC Inc) and Doosan will look to serve the companies developing the next generation of reactors, which will require advanced engineering and manufacturing capabilities and innovative fuel designs.
Doosan is a global supplier of nuclear power equipment and has supported reactor construction projects in South Korea, the USA, the UAE, and China. Centrus has technical expertise in the nuclear fuel cycle and has signed a contract with X-energy, a pioneering reactor technology and fuel company, to support the design of a facility to produce the next generation of nuclear fuel.
Daniel B. Poneman, Centrus president and chief CEO said: “With unique and complementary technical capabilities, we believe there could be mutually beneficial opportunities for our companies to work together worldwide and win new business.”