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.
Terrani, Huff, and Fleischmann had the honor of cutting the ribbon to celebrate the opening of the Pilot Fuel Manufacturing facility. (Photo: USNC)
Ultra Safe Nuclear Corporation (USNC) celebrated the opening of its Pilot Fuel Manufacturing (PFM) facility in Oak Ridge, Tenn., on August 18 with a ribbon-cutting ceremony and tour attended by assistant secretary for nuclear energy Kathryn Huff, Tennessee lieutenant governor Randy McNally, U.S. Rep. Chuck Fleischmann (R.), representatives from the offices of Sens. Marsha Blackburn (R.) and Bill Hagerty (R.), and other distinguished guests. The next day, radiological operations began at the privately funded facility, which was designed and built in less than twelve months within an existing industrial building purchased by USNC in 2021.
McMaster University, in Hamilton, Ontario, Canada. (Photo: McMaster University)
McMaster University, Ultra Safe Nuclear Corporation (USNC), and Global First Power (GFP) have embarked on a new partnership to study the feasibility of deploying a USNC Micro Modular Reactor (MMR) at McMaster University or an affiliated site. The three partners last week announced a memorandum of understanding that will support research on advanced reactor and small modular reactor technologies in support of Canada’s Net-Zero Emissions by 2050 goal.
Artist’s rendering of the MMR project. (Image: USNC)
Global First Power’s (GFP) Micro Modular Reactor (MMR) project has moved to the formal license review phase with the Canadian Nuclear Safety Commission (CNSC), becoming the first small modular reactor to do so.