American Bureau of Shipping (ABS) and the Korea Research Institute of Ships and Ocean Engineering (KRISO) have announced a collaborative effort to advance commercial small modular reactor SMR-powered ships and floating SMR power generation platforms.
ABS will be responsible for analyzing applicable regulatory guidelines and international standards for the design of SMR-powered ships. This critical analysis will ensure that the innovative designs meet global safety and operational standards.
KRISO’s role in the collaboration will focus on developing core technologies for SMR-powered ships, including the conceptual designs for both the vessels and their propulsion systems. Additionally, KRISO will develop a framework for integrated ship and nuclear power safety analysis. They will also design a floating SMR power generation platform, which is essentially a nuclear power plant on the sea, along with a commercialization model aimed at providing stable power supply to island areas in the future.
“ABS is taking a leading role in the support of nuclear power projects in the maritime industry through our knowledge of international regulations and development of Class-related safety requirements. We are proud to apply our experience to these research projects with KRISO. With the increased focus on zero-carbon emissions, modern nuclear technologies offer the potential for decarbonization in many areas of the sector,” said Patrick Ryan, ABS Senior Vice President and Chief Technology Officer.
“Through this joint research with ABS, we will lead the development of future eco-friendly marine technology and establish global standards for the commercialization of SMRs in the marine sector, positioning ourselves to lead the global market for nuclear-powered ships in the future,” said Keyyong Hong, President of KRISO.
What is SMR Power Solution?
SMR power solution refers to Small Modular Reactor power, a type of nuclear power technology. Here are some key points about SMRs:
- Compact Size: Unlike traditional large nuclear reactors, SMRs are smaller in size, typically producing up to 300 megawatts of electricity per unit, which is about a third of the output of traditional nuclear power plants.
- Modular Design: The modular nature of SMRs allows them to be manufactured in factories and then transported to sites for assembly. This can reduce construction times and costs.
- Enhanced Safety: SMRs incorporate advanced safety features, often relying on passive safety systems that operate without human intervention or electrical power. This makes them inherently safer compared to older nuclear technologies.
- Flexibility: SMRs can be used in a variety of applications, including providing power to remote areas, supporting grid stability, and even powering ships and offshore platforms. Their smaller size and modularity make them adaptable to different energy needs.
- Environmental Benefits: SMRs produce zero carbon emissions during operation, making them a potential solution for reducing greenhouse gas emissions and combating climate change. They can also help in replacing aging fossil fuel plants, thus contributing to a cleaner energy mix.
- Economic Viability: The potential for reduced capital investment and shorter construction timelines makes SMRs economically attractive. They can be deployed incrementally, allowing for more flexible financial planning and investment.
Overall, SMR power represents a promising advancement in nuclear technology, offering a scalable, safe, and environmentally friendly alternative to traditional nuclear and fossil fuel power generation.
About ABS
ABS is a leading global provider of classification and technical advisory services to the marine and offshore industries. Committed to setting standards for safety and excellence in design and construction, ABS focuses on the safe and practical application of advanced technologies and digital solutions. Working with industry and clients, ABS develops accurate and cost-effective compliance, optimized performance, and operational efficiency for marine and offshore assets.
About KRISO
The Korea Research Institute of Ships and Ocean Engineering (KRISO) addresses current issues and conducts creative research to lead in establishing international standards by securing comprehensive research competence in developing, applying, and commercializing source technologies in the field of ships and offshore plants. Established in 1973 as the Ship Research Institute affiliated with the Korea Institute of Science and Technology, KRISO has continuously conducted R&D in shipbuilding and maritime industries.
Reborn in 2014 as an institution affiliated with the Korea Institute of Ocean Science and Technology, KRISO strives to conduct R&D in maritime engineering and technology, discovering the infinite value of the sea and securing various application technologies in preparation for the Fourth Industrial Revolution. KRISO aims to become a global research institute that can lead the maritime industry not only in Korea but also worldwide.