Ocean-Power AS and Copenhagen Atomics A/S have signed a Memorandum of Understanding (MoU) to collaborate on investigating the possibilities of producing green electricity and heat in Norway with thorium-based molten salt reactors. Ocean-Power writes.
The hope of the collaboration is to combine Ocean-Power's expertise in project development and energy conversion with Copenhagen Atomics' advanced reactor technology. Copenhagen Atomics is developing compact thorium reactors with the ambitious goal of delivering green energy at an average cost of just €20 per MWh
- This is an important step in our mission to deliver sustainable and reliable energy to Norwegian industry, says Erling Ronglan, CEO of Ocean-Power.
The MoU marks the start of a strategic collaboration between the two companies, with Ocean-Power contributing experience from energy projects, while Copenhagen Atomics provides modular reactor technology. The study will cover technical and regulatory issues, energy needs, location selection and concept development of a green energy plant. The study will form the basis for possible further collaboration on project development and implementation.
- Our modular reactor technology is designed to be scalable, cost-effective and flexible. We are excited about this collaboration with Ocean-Power and see Norway as a promising market for the next generation of nuclear power,” says Thomas Jam Pedersen, CEO of Copenhagen Atomics.
The study will form the basis for a possible next step towards establishing thorium-based energy production in Norway.
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