Hyundai Engineering and the Korea Atomic Energy Research Institute have signed a memorandum of understanding to collaborate on the commercialisation and export of the Korean-designed SMART small modular reactor overseas.
The Korea Atomic Energy Research Institute (KAERI) has developed a new way to recycle used batteries from electric vehicles (EV) which it says salvages more critical components and is environmentally safer than prior methods.
The province has announced it is investing CAD7 million (USD5 million) in a multi-year study to explore how small modular reactors could be safely, technically and economically deployed for oil sands operations. It is also working on putting a regulatory framework in place to allow private industry to pursue SMRs.