In 2009, the Emirates Nuclear Energy Corporation (ENEC) awarded a $20 billion bid to the Korea Electric Power Corporation (KEPCO), and the award was also financially and geopolitically beneficial to the United States. The ROK and US should continue this momentum of collaboration. In light of Russia’s invasion of Ukraine, countries in Central and Eastern

Much of the focus of global nuclear exports has been focused on the exporting capability and the readiness of the technologies, but once all these issues are resolved, if capacity building is not a part of the solution, then customers for SMRs and ARs will not exist. Even when a customer is willing to purchase

There are a number of pressing needs for the US and Korea to cooperate on nuclear exports. First, cooperation in nuclear exports can provide an opportunity to break Russia and China’s geopolitical dominance in the nuclear export industry. Second, a cooperative effort in nuclear exports can spur a revitalization of the nuclear industries in both

Cooperation in financing of nuclear reactor projects between the United States and South Korea will be integral to the joint efforts in exporting nuclear technologies. There are a number of global developments that have suggested that there is a renewed opportunity for nuclear in the global market including the Russia-Ukraine war, South Korea’ recent presidential

Harmonizing international regulatory processes for new reactor designs will be a significant focus for the licensing aspect of cooperation in nuclear technology exports. The US, Korea, and other developed nations each have their own regulatory body that may also have their own individual challenges. For example, in the United States, the US Nuclear Regulatory Commission

The nuclear landscape has shifted dramatically in the last several years as nations are confronted with the difficult reality of achieving deep decarbonization, the increase in geopolitical rivalry, and the technological revolution in nuclear energy. There is an emerging market for SM&ARs in the developing economy world. The next generation of reactors is going to

The Versatile Test Reactor (VTR) is a scientific user facility capable of performing 300MW scale, fast neutron irradiation tests and experiments which is not possible today in the United States or its allies. It will support research, development and demonstration of innovative nuclear energy technologies with a focus on fuels, materials and sensors in representative environments.

Steel is one of the top three carbon emitters in the world and is classified as a hard-to-decarbonize sector. Challengingly, steel is the single most important material for infrastructure and development. The industry needs to reduce emissions, and nuclear energy can help decarbonize steel by creating hydrogen, generating electricity, and creating very high temperatures for

There is a significant gap between the megatons of oil equivalent (Mtoe) of fossil fuels compared to non-hydro renewable energy. Renewables cannot be a replacement for fossil fuels because of the intermittent nature of the generation. Urbanization and growing population increases will increase energy demands significantly in the near future. Supply chain and demand considerations