U.S.-based Centrus Energy Corp., a nuclear fuel-supply and engineering company, said Monday that it had signed a Memorandum of Understanding with South Korean conglomerate Doosan Heavy Industries and Construction to work towards development of the “next generation of commercial nuclear reactors.
The MOU establishes a framework for Centrus and Doosan to explore a range of commercial initiatives that would take advantage of the unique technical capabilities, expertise, and customer relationships of both companies, Centrus said in a statement.
In particular, Centrus and Doosan plan to pursue opportunities for cooperation in serving the companies developing the next generation of nuclear reactors, which will require advanced engineering and manufacturing capabilities and innovative fuel designs. Doosan is a major global supplier of nuclear power equipment and has supported reactor construction projects in South Korea, the United States, the United Arab Emirates, and China.
Centrus has deep technical expertise in the nuclear fuel cycle and signed a contract earlier this year with X-energy, a pioneering reactor technology and fuel company, to support the design of a facility to produce the next generation of nuclear fuel.