ABS and the Korea Research Institute of Ships & Ocean Engineering (KRISO) signed a memorandum of understanding (MOU) to cooperate on the application of small modular reactors (SMRs) in the marine and offshore sectors.
The agreement establishes a framework for both organizations to exchange information and engage in joint research projects related to concept designs for an SMR-powered ship and a floating SMR power generation platform. Among the objectives are identifying and developing applicable regulatory guidelines and international standards.
“Nuclear energy offers unmatched energy density, reliability, and strategic independence. It is emerging as a legitimate, practical, and scalable solution for a wide range of strategic uses such as powering ports and producing hydrogen on the shore side and offshore through floating data centers, synthetic fuel platforms and desalination systems,” said ABS Chairman and CEO Christopher J. Wiernicki.
Keyyong Hong, President of KRISO, said: “Our institute is dedicating its research capacity to the development of marine decarbonization technologies, with a particular focus on advancing the application of SMRs to ships and offshore plants. Through this MOU, the integration of ABS and KRISO’s leading technological expertise and a well-defined division of roles will accelerate progress in core SMR technologies and secure excellence in this emerging field.”