Latest news with #MohamedAlHammadi
Zawya
7 hours ago
- Business
- Zawya
ENEC, Samsung C&T in deal to develop civil nuclear projects
The Emirates Nuclear Energy Company and Samsung C&T Corporation have signed a MoU that will see the duo jointly evaluate and pursue opportunities in civil nuclear energy development and investment internationally. The 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 worldwide. The MoU sets the stage for collaboration across several key areas, said ENEC in a statement. 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 and evaluation of opportunities in nuclear-powered hydrogen production in South Korea and other markets. Also, it will pave the way for the investment in US-based nuclear service and equipment companies; and the joint assessment of the development and financing of a nuclear power plant in Romania, it added. On the strategic collabortation, Managing Director and CEO Mohamed Al Hammadi said: 'Nuclear energy has a pivotal role in delivering clean electricity at scale to meet rapidly growing global demand." ENEC, he stated, 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," he stated. Samsung C&T President and CEO Oh Sechul pointed out that the nuclear power plays a vital role as a reliable baseload source to ensure the stable supply of clean energy. "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," he added. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Al Etihad
a day ago
- Business
- Al Etihad
ENEC and Samsung C&T Corporation sign agreement to advance global nuclear energy collaboration
29 July 2025 15:25 ABU DHABI (ALETIHAD)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 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 Director and Chief Executive Officer of ENEC, His Excellency Mohamed Al Hammadi, 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.'President and CEO of Samsung C&T, Oh Sechul, 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 programme, 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 programmes generates 40 TWh of clean electricity annually, providing 25 percent of the UAE's total electricity is the largest source of clean electricity in the region and has avoided more than 22 million tons of carbon emissions annually. ENEC 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.
Gulf Today
4 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
Gulf Business
4 days ago
- Business
- Gulf Business
ENEC, Westinghouse ink MoU to accelerate nuclear energy deployment in US
Image: Supplied The Emirates Nuclear Energy Company (ENEC) and US-based Westinghouse Electric Company have signed a memorandum of understanding (MoU) to explore the deployment of advanced nuclear technologies in the United States, the companies said. The agreement, signed in Washington, DC, aims to support the expansion of nuclear power in the US, in line with federal ambitions to quadruple the country's nuclear capacity by 2050. It comes as the US seeks to meet growing electricity demand driven by emerging technologies such as artificial intelligence and data center expansion. Supporting US plans to quadruple nuclear capacity Under the terms of the MoU, ENEC and Westinghouse will explore opportunities to accelerate the rollout of Westinghouse's AP1000 reactors. The companies also plan to collaborate on US nuclear new build and restart projects, reactor deployment models, fuel supply chain cooperation, and operations and maintenance. ENEC touts Barakah experience as model 'This marks a significant step in supporting the United States' bold ambitions to rapidly expand its nuclear fleet,' said Mohamed Al Hammadi, CEO of ENEC. 'With The AP1000 is currently the only large modular reactor design fully licensed and ready for construction in the U.S., according to Westinghouse. Interim CEO Dan Sumner said the company is working with partners to meet a federal target of having 10 new large-scale reactors under construction by 2030. 'A fleet of AP1000 reactors would generate billions in direct economic impact and create tens of thousands of skilled jobs,' Sumner said. 'ENEC's expertise in nuclear deployment is a valuable asset to this goal.' The partnership also aligns with ENEC's international strategy to export nuclear development expertise gained from the Barakah Nuclear Energy Plant in the UAE, which is now fully operational and supplies approximately 25 per cent of the country's ENEC is pursuing global opportunities through its ADVANCE programme, which includes an interest in small modular and advanced reactor technologies. Westinghouse, which built the world's first commercial pressurized water reactor in 1957, is involved in about half of the world's operating nuclear plants. Financial details of the agreement were not disclosed.
Dubai Eye
5 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.
