Korea Hydro & Nuclear Power, Samsung Heavy Industries and Seaborg Technologies have established a consortium to develop floating nuclear power plants featuring Seaborg's compact molten salt reactor technology. 

South Korean shipbuilder Samsung Heavy Industries has completed the conceptual design for the CMSR Power Barge - a floating nuclear power plant based on compact molten salt reactors - and obtained the basic certification of the design from the American Bureau of Shipping.

The Baltic Shipyard, which builds Russia's nuclear powered icebreakers, is investing in a 50% increase of its capacity to build the vessels as well as floating nuclear power plants.

France-based testing, inspection and certification services provider Bureau Veritas has entered into an agreement with ThorCon for the technology qualification and subsequent development of a 500 MWe floating ThorCon molten salt reactor (TMSR-500) to be deployed in Indonesia.

Canada's Prodigy Clean Energy and America's NuScale have been collaborating since a 2018 Memorandum of Understanding with the "goal of bringing a competitive North American SMR marine facility to market".

Construction has started on the first of four floating nuclear power plants for the Cape Nagloynyn project that will power a huge mining development in the Russian Arctic. At a Chinese shipyard, the keel-laying ceremony was held for a barge that will later be fitted with two RITM-200S reactors.

Core Power, MIT Energy Initiative and the Idaho National Laboratory have been granted research funds by the US Department of Energy's Nuclear Energy University Program for a three-year study into the development of offshore floating nuclear power generation in the USA.

A joint study by Vietnamese power engineering consultancy PECC2, Denmark’s Seaborg, designer of power barges using compact molten salt reactors, and manufacturer Siemens Energy looked at the case for floating nuclear power plants to provide electricity as well as hydrogen and ammonia production.

Best Engineering in Energy Solutions and Seaborg have signed a Memorandum of Understanding to collaborate with South Korean regulators to identify and meet requirements for the construction and export of the Danish company’s floating nuclear power plants.

The Memorandum of Understanding is to manufacture and sell turnkey power plants combining Samsung Heavy Industry’s ship-building expertise and the Danish company’s Compact Molten Salt Reactor. It also covers development of hydrogen production plants and ammonia plants.

A common misconception about advanced nuclear technologies is that they are largely conceptual and will not be commercialised in time to contribute to meeting near-term climate goals, but a comprehensive look at global efforts to develop advanced nuclear reveals rapid progress towards commercialisation and operation, write Clean Air Task Force, ClearPath, Nuclear Innovation Alliance, Pillsbury and Third Way.

South Korea's Kepco Engineering & Construction Company and Daewoo Shipbuilding & Marine Engineering recently signed a Memorandum of Understanding to cooperate on the development of floating nuclear power plants.