Turkey and South Korea Forge Strategic Partnership in SMR Technology

Turkey has taken a significant step in next-generation nuclear energy technologies by signing a cooperation agreement with South Korea. A strategic partnership for small modular reactor (SMR) technologies has been established between the South Korea-backed Innovative Small Modular Reactor Development Agency (i-SMRDA) and Turkish nuclear technology firm Nuclean. This agreement is seen as an important move towards Turkey's clean energy transition goals. Under the agreement, the development of SMR projects in Turkey and the region is planned. Additionally, the integration of Turkish industry into the global nuclear supply chain and the enhancement of domestic production capacity are targeted. This partnership will contribute to Turkey's energy independence while also helping to reduce carbon emissions. SMR technology offers a lower-cost and more flexible energy production option compared to traditional nuclear reactors. This technology stands out as an ideal solution, particularly for small-scale energy needs. Turkey's investments in this area are viewed as part of its strategy to diversify its energy portfolio. The collaboration also aims to increase Turkey's technical knowledge in nuclear energy and develop its domestic engineering capacity. South Korea's experience in nuclear technology will play a crucial role in helping Turkey achieve its goals in this field. This is not investment advice.