Local officials, industry representatives, and others joined leaders from AECL, CNL, and GFP to mark the site of Canada’s first microreactor. (Photo: AECL)
Francesco Venneri (left), USNC CEO, and Hyeon Sung Hong, Hyundai Engineering CEO, at a framework agreement signing for MMR project development and deployment.
Representatives of Ultra Safe Nuclear Corporation (USNC) of Seattle, Wash., and Hyundai Engineering of Seoul, South Korea, traveled last week between USNC project sites in Oak Ridge, Tenn., and Ontario, Canada, to sign two agreements extending their collaboration on the deployment of USNC’s high-temperature, gas-cooled Micro Modular Reactor (MMR). The agreements expand on a business cooperation agreement signed in January 2022 and an engineering agreement signed in June, and follow the closure earlier this month of a previously announced $30 million equity investment after its review by the U.S. Treasury Department’s Committee on Foreign Investment in the United States.
A rendering of Canadian Nuclear Laboratories’ proposed Near Surface Disposal Facility. (Image: CNL)
Canadian Nuclear Laboratories (CNL) is asking its stakeholders (members of the public, industry, elected officials, and employees) to support a proposal to construct the Near Surface Disposal Facility (NSDF) to dispose of legacy radioactive waste at the Chalk River Laboratories in Ontario.