Resource-circulation energy corporations DS Dansuk said on the 12th that it signed a memorandum of understanding (MOU) with Nasdaq-listed next-generation reactor developer "Nano Nuclear Energy (NNE)" for the domestic introduction of micro-modular reactors (MMR) and strategic cooperation.
Through this agreement, DS Dansuk and NNE will establish a cooperative framework for MMR technology development and commercialization, and based on this, seek commercialization opportunities in the domestic market. MMRs are easier to install and safer than large reactors, drawing attention as a next-generation energy source.
Under the agreement, the two sides set as a core goal the discovery of MMR-based business models applicable to Korean industrial sites and will build a cooperative system across the commercialization process, including ▲technology review ▲cooperation on licensing and permits ▲supply chain linkage. They will also review the phased introduction of MMRs in line with changes in the domestic regulatory environment.
This agreement is viewed as a case of cooperation between a global corporations with original MMR technology and a domestic corporations with an energy industry network and manufacturing capabilities. In particular, DS Dansuk will be in charge of execution and plans to flesh out its "One Factory, One MMR" vision of applying one MMR to one plant.
Han Seung-uk, chair of DS Dansuk, said, "This agreement with the peerless Nano Nuclear Energy in next-generation reactor technology will be an important turning point in realizing DS Dansuk's carbon-neutral solutions," adding, "On the 12th we built a cooperative framework with the Central Research Institute of Korea Hydro & Nuclear Power and the Korea Institute of Energy Technology last year, and we will combine global nuclear power technologies to gradually expand an MMR-based carbon-free energy system."