South Korean shipbuilder Samsung Heavy Industries Co. had signed a memorandum of understanding with Danish startup Seaborg Technologies to develop floating nuclear power plants based on the compact molten salt reactor (CMSR).
The CMSR is a next-generation compact energy source that ensures the efficient production of electricity without emitting carbon dioxide by using nuclear fission energy.
Samsung Heavy intends to build a floating CMSR power generating model with a maximum output of 800 megawatts by the end of this year as part of this collaboration.
The groups would also jointly boost classification society certification and sales efforts.
Using the electricity generated by the floating power plant, Samsung Heavy is also on track to create production facilities for green energy such as hydrogen and ammonia.


Air China Orders 60 Airbus A320neo Jets in $9.5 Billion Deal as Airbus Strengthens Grip on China Market
Trump Administration Probes Corporate DEI Programs, Raising Questions for Google Stock
Fungi are among the planet’s most important organisms — yet they continue to be overlooked in conservation strategies
As the Black Summer megafires neared, people rallied to save wildlife and domestic animals. But it came at a real cost
Royalty Pharma Stock Rises After Acquiring Full Evrysdi Royalty Rights from PTC Therapeutics
Wildfires ignite infection risks, by weakening the body’s immune defences and spreading bugs in smoke
Forex Markets Hold Steady as Traders Await Fed Minutes Amid Thin Year-End Volumes
Lloyds Banking Group to Close Invoice Factoring Business by End of 2025
Nike Stock Rises After CEO Elliott Hill Buys $1 Million in Shares
An unexpected anomaly was found in the Pacific Ocean – and it could be a global time marker
Vanda Pharmaceuticals Wins FDA Approval for New Motion Sickness Drug After Four Decades
European Defense Stocks Slide as Trump Signals Progress in Ukraine-Russia Peace Talks
U.S. Dollar Steadies Ahead of Fed Minutes as Markets Eye Policy Divisions 



