Samsung C&T Corporation, the construction and engineering wing of South Korean conglomerate Samsung, is seeking to increase cooperation with US-based small modular reactor developer NuScale as it aims to advance its position in markets for the emerging reactor technology.
Samsung said that its total equity investment in the US company has reached $70m (€66m) this year – 2022 saw an investment of $50m following an initial $20m in 2021.
According to a statement, the company will be working on specific projects related to NuScales’s SMR deployment, including plans by Utah Associated Municipal Power Systems (Uamps) to bring what could be the world’s first SMR project to commercialisation.
Samsung said that its total equity investment in the US company has reached $70m (€66m) this year – 2022 saw an investment of $50m following an initial $20m in 2021.
According to a statement, the company will be working on specific projects related to NuScales’s SMR deployment, including plans by Utah Associated Municipal Power Systems (Uamps) to bring what could be the world’s first SMR project to commercialisation.
Want to keep reading?
Register free and get full access to NucNet for 14 days. No card required.
- Daily news briefing on the global nuclear industry
- Weekly, monthly and topical newsletters
- 24/7 coverage during nuclear incidents and safety events
- Full searchable archive, 30,000+ articles since 1991
- SMR and AMR project database
- Analysis, Focus pieces and infographics
- NucNet Style Guide for nuclear reporters and communicators
After the trial, keep a free account for a newsletter and a complimentary Plus article every two weeks. Or see our subscription plans for individuals and organisations.
See subscription options
