Industry Update—October 2024

Here is a recap of industry happenings from the recent past:

ADVANCED REACTOR MARKETPLACE

Collaboration on SMR-powered ships

The American Bureau of Shipping (ABS) and the Korea Ship & Offshore Plant Research Institute (KRISO) have formed a collaboration to advance the commercialization of ships powered by small modular reactors, as well as floating SMR power-generation platforms. ABS is to provide an analysis of regulatory guidelines and international standards for the design of SMR-powered ships. KRISO is to develop the core technologies for the ships, such as conceptual designs and propulsion systems, as well as a framework for integrated ship and nuclear power safety analysis. KRISO will also design a floating SMR power-generation platform together with a commercialization model for supplying stable power to island areas.

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