South Korea and Turkish Company to Collaborate on SMR Technology

The South Korean government-backed Innovative Small Modular Reactor Development Agency (i-SMRDA) and Turkish nuclear technology firm Nuclean have signed a strategic cooperation agreement for the development and deployment of small modular reactor (SMR) technologies. The agreement aims to combine the expertise of both parties in the SMR field to produce innovative solutions. Under the collaboration, i-SMRDA and Nuclean will conduct joint research and development activities to commercialize SMR technologies and make them competitive in the global market. Additionally, knowledge and technology transfer, as well as training programs, are planned between the parties. This agreement aligns with Turkey's strategy to increase its nuclear energy capacity and South Korea's strategy to expand its leadership in SMR technology. Nuclean stands out as a key player in nuclear technology development and application in Turkey. SMRs are notable for their potential to provide low-cost and flexible energy production. This collaboration could contribute to both countries' goals of energy security and reducing carbon emissions. This is not investment advice.