Energy

World Nuclear News reported that Lloyd’s Register has signed a framework agreement with the Nuclear Power Institute of China (NPIC) to help with the design and development of a floating nuclear power plant utilizing a small modular reactor (SMR).

World Nuclear News reported that Lloyd’s Register has signed a framework agreement with the Nuclear Power Institute of China (NPIC) to help with the design and development of a floating nuclear power plant utilizing a small modular reactor (SMR).
As quoted in the market news:

Under the framework agreement, Lloyd’s Register and NPIC – a subsidiary to China National Nuclear Corporation (CNNC) – will cooperate on the development of the “first-of-a-kind floating nuclear vessel” which will be used in Chinese waters to supply electrical power to offshore installations.
Lloyd’s Register said the first contract under the framework agreement is to develop new safety regulations, safety guidelines, and nuclear code and standards for the floating vessel, that are consistent with Offshore and International Marine Regulations and the International Atomic Energy Agency (IAEA) nuclear safety standards.
Mark Bassett, director of nuclear at Lloyd’s Register Energy, said: “NPIC recognizes Lloyd’s Register’s unique combination of experience in nuclear, offshore and marine safety and regulation. Because we apply our expert knowledge to help clients design, construction and operate capital intensive assets to their highest levels of safety and performance, NPIC have asked us to help them safely achieve this technically challenging offshore nuclear program.”

Click here to read the full World Nuclear News report.

MARKETS

Markets
TSX19489.71-87.33
TSXV656.37-3.71
DOW32625.42-101.40
S&P 5004123.35-28.59
NASD12590.74-129.84
ASX6974.90-1.00

COMMODITIES

Commodities
Gold1774.79-18.30
Silver19.90-0.30
Copper3.55+0.07
Palladium2133.00+69.00
Platinum932.00+1.00
Oil89.59+1.05
Heating Oil3.26-0.08
Natural Gas8.19+0.07

DOWNLOAD FREE REPORTS

×