ENEC & GE Hitachi to identify investment for SMT development

  • Date: 04-Dec-2023
  • Source: GCC Business News
  • Sector:Real Estate
  • Country:UAE
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ENEC & GE Hitachi to identify investment for SMT development

The Emirates Nuclear Energy Corporation (ENEC) has signed a Memorandum of Understanding (MoU) with GE Hitachi Nuclear Energy (GE Hitachi) for potential investment and deployment of Small Modular Technology. The MoU will identify opportunities for future investment in Small Modular Reactor (SMR) technology development in order to further consolidate the UAE’s position as a pioneering […]The Emirates Nuclear Energy Corporation (ENEC) has signed a Memorandum of Understanding (MoU) with GE Hitachi Nuclear Energy (GE Hitachi) for potential investment and deployment of Small Modular Technology.

The MoU will identify opportunities for future investment in Small Modular Reactor (SMR) technology development in order to further consolidate the UAE’s position as a pioneering leader in nuclear innovation, and nuclear energy technology deployment globally.

The MoU is part of the new ENEC ADVANCE program, which aims to expedite and centralize the UAE’s approach to deploying state-of-the-art nuclear technology and boosting value streams through the generation of clean electrons and molecules, strengthening opportunities for users to generate green premiums for their low-carbon end products.

Mohamed Ibrahim Al HammadiMD & CEO – ENEC

“As part of the new ENEC ADVANCE program, ENEC and GE Hitachi will work together to identify ways to advance the deployment of SMRs through this new