- KHNP and Samsung C&T have partnered to strengthen their global competitiveness, focusing on Small Modular Reactors (SMRs) for international nuclear projects.
- Both companies will jointly bid on international tenders, targeting emerging markets with flexible and scalable SMR technology.
- The partnership aims to expand its presence in Europe, where SMRs are gaining traction due to their adaptability and easier grid integration.
Korea Hydro & Nuclear Power (KHNP) and Samsung C&T signed a strategic agreement to boost their global competitiveness in the civil nuclear market. The companies aim to meet the growing demand for nuclear energy, especially in the Asia-Pacific region, with a focus on Small Modular Reactors (SMRs).
Both companies will jointly pursue international tenders for traditional nuclear plant construction and SMR projects. Countries increasingly look to SMRs as flexible, scalable alternatives to large reactors. KHNP and Samsung C&T plan to leverage their expertise in nuclear operations and infrastructure development to strengthen their position in this emerging market.
The partnership reflects the need for flexibility in the evolving global energy landscape. KHNP and Samsung C&T will tailor their proposals based on national energy needs, focusing on SMRs, which integrate more easily into existing grids.
Expanding into Europe with SMRs
KHNP actively expands into the European market, signing memorandums of understanding (MoUs) with Norsk Kjernekraft in Norway and Kärnfull Next in Sweden. These agreements aim to grow their presence in Europe, where countries increasingly prefer SMRs for their adaptability and scalability.
Samsung C&T also focuses on Europe, partnering with Kärnfull Next to advance SMR deployment in Sweden. Previously, Samsung C&T contributed to building the Barakah nuclear plant in the UAE.
Responding to Global Market Trends
The partnership between KHNP and Samsung C&T follows the broader shift in the nuclear sector, where flexibility and adaptability matter more. Both companies intend to secure a stronger foothold by addressing specific market needs, particularly in the growing SMR segment.
Collaborative Model for the Future
KHNP and Samsung C&T’s alliance illustrates a rising trend toward collaborative business models in the nuclear industry. Companies increasingly form partnerships to compete in emerging markets, where SMRs provide cost-effective, flexible alternatives to large nuclear plants.
This strategic collaboration may set a precedent for future alliances in the nuclear sector as companies adjust to changing market dynamics. KHNP and Samsung C&T, with their combined expertise, position themselves to meet the rising demand for nuclear energy solutions customised for regional needs.
The nuclear industry experiences a rise in business-to-business partnerships as companies join forces to address complex global energy challenges. KHNP and Samsung C&T’s partnership could serve as a model for future collaborations, enabling both firms to maintain their competitive edge in the fast-changing global energy landscape.
This collaboration highlights the importance of cooperation and innovation in the nuclear industry. KHNP and Samsung C&T are adapting to meet the evolving needs of national energy policies and grid requirements. As SMR demand grows, similar partnerships may drive further developments in the global nuclear energy sector.