Norwegian energy developer Ocean-Power AS and Danish nuclear technology company Copenhagen Atomics A/S have signed a Memorandum of Understanding (MoU) to jointly study the potential for producing green electricity and heat in Norway using thorium-based molten salt reactors.
The agreement initiates a strategic collaboration between the two companies, combining Ocean-Power’s expertise in project development and energy conversion with Copenhagen Atomics’ advanced reactor technology. Copenhagen Atomics is developing compact thorium reactors with the ambitious goal of delivering green energy at a levelized cost of just €20 per MWh.
The joint study will assess the technical and regulatory conditions for deploying thorium reactors in Norway. It will include evaluations of power and heat demands, site selection, dialogue with Norwegian stakeholders, and conceptual design of a complete green energy plant based on Copenhagen Atomics’ reactor modules.
Erling Ronglan, CEO of Ocean-Power, says:
This is an important step in our mission to provide sustainable and reliable power for Norwegian industry. We see great potential in Copenhagen Atomics’ technology and look forward to exploring how it can be integrated with our capabilities to deliver clean, firm power to the grid.
Thomas Jam Pedersen, CEO of Copenhagen Atomics, says:
Our modular reactor technology is designed to be scalable, cost-efficient, and flexible. We are excited about this collaboration with Ocean-Power and view Norway as a promising market for the next generation of nuclear energy.
The collaboration underscores both companies’ commitment to innovation and long-term solutions for affordable and clean energy supply to industrial applications.
About Ocean-Power
Ocean-Power AS is an energy solutions development company aiming to build, own and operate the concepts that they develop. They have the ambition to become an offshore and grid electricity provider by using existing technology, resources and competence to solve the energy and climate challenges in due time.
Ocean-Power is introducing standardized power hubs, with high efficiency power generation by use of gas turbines combined with carbon capture or thorium-based reactors, resulting in low CO2 emissions.
For more information: https://www.ocean-power.no
About Copenhagen Atomics
Copenhagen Atomics is a Danish company that has been developing a modular molten salt reactor based on thorium since 2014.
The reactor is designed for mass production, has the size of a 40-foot shipping container, and delivers 100 MW of thermal energy. The technology uses liquid fuel and heavy water as a moderator, and it can be partially powered by recycled nuclear waste.
Copenhagen Atomics focuses on industrial energy needs such as heat for desalination, as well as the production of hydrogen and ammonia.
The company is building and testing full-scale non-nuclear prototypes of the reactor in Denmark and is currently collaborating with the Paul Scherrer Institute in Switzerland to prepare for the first nuclear test of the reactor.
Press photos
Copenhagen Atomics: https://mediavillage.dk/copenhagen-atomics/
Press contact
Copenhagen Atomics: press@copenhagenatomics.com