Samsung Heavy Industries (SHI) is making a full-scale effort to develop offshore nuclear power plant technology. SHI has signed a Molten-Salt Reactor (MSR) development and joint research agreement with the Korea Atomic Energy Research Institute (KAERI), Korea’s only comprehensive nuclear research and development institute. Through this agreement, SHI plans to pioneer the MSR-based floating nuclear power plant and nuclear-powered ship market as part of strengthening its capacity for future new business expansion. The agreement includes joint research plans for MSR element technology and related equipment development, such as heat exchangers, offshore nuclear product design and business model development, performance verification, and economic evaluation. According to the International Atomic Energy Agency (IAEA), MSRs operate on the same basic principle as current nuclear power reactors—controlled fission to produce steam that powers electricity-generating turbines. However, in the MSR, molten salts play a key role in the reactor core, including as a coolant […]