Latest news with #EmiratesNuclearEnergyCompany
Al Etihad
8 hours ago
- Business
- Al Etihad
ENEC, Samsung C&T Corporation sign agreement to advance global nuclear energy collaboration
29 July 2025 17:44 SEOUL (WAM)The Emirates Nuclear Energy Company (ENEC) and Samsung C&T Corporation have signed a Memorandum of Understanding (MoU) to jointly evaluate and pursue opportunities in civil nuclear energy development and investment agreement brings together ENEC's global nuclear leadership and Samsung C&T's deep engineering and infrastructure expertise to support the deployment of clean, dispatchable electricity MoU sets the stage for collaboration across several key areas. These include potential investment in conventional nuclear projects such as new builds, restarts, and brownfield Mergers and Acquisitions (M&A) activity in the US; future deployment of Small Modular Reactor (SMR) technologies in the UAE, US, and internationally; evaluation of opportunities in nuclear-powered hydrogen production in South Korea and other markets; investment in US-based nuclear service and equipment companies; and the joint assessment of the development and financing of a nuclear power plant in Al Hammadi, Managing Director and Chief Executive Officer of ENEC, said, 'Nuclear energy has a pivotal role in delivering clean electricity at scale to meet rapidly growing global demand. ENEC has demonstrated that with the right strategy and partnerships, nuclear projects can be delivered safely on time, and to the highest national and international standards. Through this MoU with Samsung C&T, we are expanding our global collaboration efforts to enable new nuclear deployment, investment, and innovation. Together, we will explore projects that deliver real impact for countries seeking energy security, decarbonisation, and long-term economic growth.'Oh Sechul, President and CEO of Samsung C&T, said, 'To ensure the stable supply of clean energy, nuclear power plays an essential role as a reliable baseload source. By combining the advanced technologies and global networks that both companies have built in the large-scale nuclear and SMR sectors, I look forward to creating synergies through close collaboration.'The signing is aligned with ENEC's international strategy and its ADVANCE program, which accelerates the evaluation and potential deployment of next-generation nuclear technologies. It also supports the UAE's wider Net Zero 2050 Strategic Initiative and positions ENEC as a catalyst for global clean energy the developer and operator of the four-unit Barakah Nuclear Energy Plant, ENEC has delivered one of the most successful new nuclear programs globally. Barakah generates 40 TWh of clean electricity annually, providing 25 percent of the UAE's total electricity demand. It is the largest source of clean electricity in the region and has avoided more than 22 million tons of carbon emissions is now leveraging this expertise through global partnerships to invest, partner and cooperate with other nations and companies to realise the benefits of civil nuclear energy.
Dubai Eye
13 hours ago
- Business
- Dubai Eye
UAE, South Korea companies sign deal to expand nuclear energy cooperation
The Emirates Nuclear Energy Company (ENEC) and South Korea-based Hyundai Engineering & Construction (Hyundai E&C) have signed an agreement to jointly explore international nuclear energy opportunities. Signed in Seoul, the deal provides a "comprehensive framework for knowledge sharing, collaborative evaluation of project participation, and assessment of strategic investment opportunities." It also includes the formation of a joint working group to identify areas of mutual interest and support the development of future nuclear energy initiatives. The collaboration between ENEC and Hyundai E&C builds on the longstanding strategic partnership between the UAE and Korea in the nuclear sector and supports both countries' shared goals of advancing peaceful nuclear energy in line with IEA and IAEA projections for a significant global scale-up of nuclear capacity by 2030 and 2050 respectively. With the Barakah Nuclear Energy Plant fully operational, ENEC said it is now focused on working with global partners to support the acceleration of nuclear deployment and is committed to working with all "responsible" nations looking to deploy new nuclear or expand their existing fleets. Hyundai E&C was the lead contractor in the construction of the Barakah Nuclear Energy Plant, and a proven contributor to the UAE Peaceful Nuclear Energy Programme, which is now recognised as a global benchmark for safe and efficient nuclear development. The signing follows a series of recent agreements between ENEC and leading global operators, technology developers, and energy companies. These partnerships form an integral part of ENEC's broader focus on identifying global investment, collaboration and deployment opportunities to support the rapid delivery of civil nuclear energy, driving energy security and sustainability through the provision of clean baseload electricity. The successful construction of the Barakah Nuclear Energy Plant, earned Hyundai E&C high praise from the global nuclear industry for demonstrating its unique risk management and construction capabilities.
Gulf Today
3 days ago
- Business
- Gulf Today
ENEC and Westinghouse ink deal to accelerate nuclear energy solutions
The Emirates Nuclear Energy Company (ENEC) and Westinghouse Electric Company signed a Memorandum of Understanding (MoU) exploring collaboration opportunities for the deployment of advanced nuclear energy solutions in the United States. Signed in Washington DC, the agreement is aligned with US priorities to quadruple the nation's nuclear generation by 2050 to meet rising power demand, including from the expansion of AI and the technology sector. The collaboration will leverage ENEC's world-class expertise in large-scale nuclear development and operations and Westinghouse's industry leading nuclear technologies. Under the MoU, the companies will explore ways to accelerate the deployment of the fully licensed, construction-ready AP1000 reactor in the US. In addition, ENEC and Westinghouse will look at ways to collaborate across a broad range of opportunities, including new build and restart projects in the US, development of commercial and operational deployment models for AP1000 reactors, and fuel supply chains, operations and maintenance services. Mohamed Al Hammadi, Managing Director and Chief Executive Officer of ENEC, said, 'The world is turning to nuclear energy as a necessity for delivering clean and reliable baseload electricity to meet power demand in parallel with protecting the grid. With ENEC's proven track record in developing one of the world's most advanced nuclear energy programmes, our collaboration with Westinghouse brings together two leaders in our fields. This marks a significant step in supporting the United States' bold ambitions to rapidly expand its nuclear fleet, reinforcing the deep and long-standing energy partnership between the UAE and the United States.' Dan Sumner, Interim CEO of Westinghouse, said, 'The US has a bold vision to have 10 large-scale nuclear reactors under construction by 2030, and Westinghouse is working closely with industry partners to make this a reality. Our AP1000 technology is the only fully licensed, construction-ready large modular reactor available today to deliver this goal. In addition to driving billions of dollars of direct economic impact for the nation, an AP1000 fleet deployment will create tens of thousands of good paying manufacturing, engineering, and construction jobs. We believe that ENEC's expertise in large-scale nuclear deployment will help us achieve this objective.' The partnership aligns with ENEC's broader strategy to pursue opportunities for investment, collaboration and deployment of nuclear technologies internationally, to support the rapid delivery of civil nuclear energy to boost energy security and sustainability. By sharing the expertise and insights gained from the successful delivery and operation of the Barakah Nuclear Energy Plant, ENEC is supporting other countries and organisations seeking to integrate nuclear energy into their clean energy strategies, accelerating responsible nuclear energy growth to meet rising global power demands while strengthening power grids. Meanwhile in November 2024, the Emirates Nuclear Energy Company (ENEC) announced it has signed a Strategic Collaboration Agreement (SCA) with Adnoc to research and explore developing innovative energy solutions to enhance energy efficiency in support of the UAE's energy diversification strategy. This agreement involves a comprehensive technical and economic assessment to identify the best-fit nuclear reactor technologies for Adnoc by leveraging ENEC's expertise in assessing technological performance in pilot projects as well as future technologies under development. The agreement also includes a joint effort to explore the use of excess heat from the Barakah Nuclear Energy Plant in Abu Dhabi, by conducting feasibility studies to assess excess heat usage opportunities, with recommendations for advanced technologies that can be demonstrated through existing or upcoming pilot projects. Ahmed Al Mazrouei, Nuclear Research and Development Vice President at ENEC, said, 'This strategic collaboration with Adnoc marks a significant step forward in our ongoing commitment to advancing new technologies and driving R&D in the UAE's energy sector. By focusing on cutting-edge nuclear innovations and exploring new methods to harness excess heat for industrial applications, we are strengthening the UAE's green economy. Together with Adnoc, we will leverage our combined technical capabilities and expertise to identify and develop nuclear solutions that enhance energy security and sustainability in parallel.' Ali Al Rawahi, Senior Vice President for Technology and Innovation at Adnoc, stated, 'In collaborating with ENEC, we will explore the deployment of small modular nuclear reactors as we develop innovative energy solutions to enhance our operational efficiency. Our partnership underscores our mutual commitment to scaling a reliable and clean energy source, as well as developing pioneering advancements in lower-carbon energy and technological innovation.' WAM
Dubai Eye
4 days ago
- Business
- Dubai Eye
ENEC–Westinghouse pact to advance nuclear energy deployment in US
The Emirates Nuclear Energy Company (ENEC) and Westinghouse Electric have signed an agreement focused on deploying advanced nuclear energy solutions in the United States. The Memorandum of Understanding, signed in Washington DC, aims to support America's goal of quadrupling its nuclear power capacity by 2050—driven by growing energy demands from sectors like artificial intelligence and technology. ENEC brings experience from its work on the Barakah Nuclear Energy Plant in the UAE, while Westinghouse offers cutting-edge nuclear technology, including its fully licensed AP1000 reactor. Both companies will also explore opportunities in new builds, reactor restarts, fuel supply chains and operational services. ENEC CEO Mohamed Al Hammadi said the agreement reinforces the UAE's commitment to global energy security, while Westinghouse's interim CEO Dan Sumner emphasized the AP1000's role in meeting the US target of ten large reactors under construction by 2030. The deal marks a deepening of the UAE-US energy partnership and a shared push for clean, reliable and scalable nuclear power.
The National
4 days ago
- Business
- The National
UAE's Enec signs pact with Westinghouse to boost nuclear energy adoption in US
The Emirates Nuclear Energy Company (Enec) and Westinghouse Electric Company in the US have signed a preliminary agreement to boost the use of advanced nuclear energy solutions in America. Under the agreement, the companies will explore ways to accelerate the use of the AP1000 nuclear reactor in the US, Enec said in a statement on Friday. They will also work together to build and restart projects in the US, develop commercial and operational deployment models for AP1000 reactors, and fuel supply chains, operations and maintenance services. The agreement, signed in Washington, is aligned with US priorities to quadruple the nation's nuclear power generation by 2050 to meet rising energy demand, including from the expansion of artificial intelligence and the technology sector. 'The world is turning to nuclear energy as a necessity for delivering clean and reliable baseload electricity to meet power demand in parallel with protecting the grid,' said Mohamed Al Hammadi, managing director and chief executive of Enec. 'This marks a significant step in supporting the US's bold ambitions to rapidly expand its nuclear fleet.' Nuclear power is regarded as clean energy because it does not create the same emissions as fossil fuels. The UAE government seeks to hit a 2030 target of generating 30 per cent of its energy from clean sources, including renewable energy and nuclear power. The four units of Enec's flagship Barakah nuclear energy plant are generating 40 terawatt-hours of clean electricity a year for the UAE. The plant generates about 25 per cent of the nation's electricity. Enec, part of Abu Dhabi sovereign wealth fund ADQ, is now looking beyond the Barakah plant as it seeks to capitalise on its expertise on large-scale plant development, advanced reactors, research and development and clean molecules. As part of its strategy, Enec is pursuing opportunities for investment, collaboration and deployment of nuclear technology internationally to boost energy security and sustainability, the statement said. Watch: Former US energy secretary praises UAE's building of nuclear reactors In May this year, the UAE company teamed up with GE Vernova Hitachi Nuclear Energy to jointly evaluate the deployment of the BWRX-300 small modular reactor (SMR) technology internationally. Enec is a member of the World Association of Nuclear Operators and is aligned on US operating standards and its regulatory environment. 'The US has a bold vision to have 10 large-scale nuclear reactors under construction by 2030,' said Dan Sumner, interim chief executive of Westinghouse. The company provides nuclear and other clean power technologies and services globally. It supplied the world's first commercial pressurised water reactor in 1957.
