Seaborg and South Korea’s BEES to co-operate on floating NPPs

24 May 2022

South Korea’s Best Engineering in Energy Solutions (BEES) and Denmark’s Seaborg signed a memorandum of understanding (MOU) on 17 May to collaborate with Korean regulators and authorities to identify requirements to be able to export fully tested floating nuclear power plants (FNPPs), based on Seaborg’s Compact Molten Salt Reactor (CMSR) to any country in the world.

Seaborg said the FNPP comes as a turn-key product, ready to be moored at an industrial harbour. In the harbour, a transmission cable will be connected from the barge to the electric grid on shore. An optional solution is to place a hydrogen or ammonia production plant next to the nuclear power barge to use the energy from the barge to produce hydrogen and ammonia. The Power Barge design is modular delivering up to 800 MWe for the 24-year lifetime.

“There is a new wave blowing in the nuclear industry worldwide. From the perspective of large-scale nuclear power plants, the wave blows toward advanced reactors, putting us in a challenging environment where traditional methods can't be the solving key, said BEES CEO. “Korea also needs to take on this challenge, and Seaborg's goal would make an outstanding contribution as a starting point for Korea…. BEES will fully support Seaborg in obtaining approvals in Korea.” Troels Schønfeldt, CEO and co-founder of Seaborg noted: “BEES has extensive experience in traditional legislation, so we are pleased that BEES will work together with Seaborg in linking the maritime legislation to the traditional shore-based nuclear legislation. We are fully committed to work with all stakeholders in Korea to achieve this.”

Image: South Korea’s BEES and Denmark’s Seaborg have signed an MOU to collaborate with Korean regulators and authorities to identify requirements needed to export fully tested floating FNPPs.

Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.