Two South Korean national financial institutions - Korea Trade Insurance Corporation and the Export-Import Bank of Korea - have each entered into agreements with Holtec International and Hyundai Engineering & Construction to provide financial support for SMR-160 projects around the world.

The supplementary joint venture agreement between NTPC - the country's largest integrated energy company - and government enterprise Nuclear Power Corporation of India Ltd is for the development of six 700 MWe pressurised heavy water reactors across two sites.

Agreements to cooperate on small modular reactors have been signed between South Korean and US companies during a visit by Korean President Yoon Suk-yeol to the USA. Doosan Enerbility and the Export-Import Bank of Korea signed a memorandum of understanding to cooperate with NuScale Power, while SK and Korea Hydro & Nuclear Power have agreed to collaborate with TerraPower.

Up to 20 Holtec SMR-160 plants will be built in Ukraine under a cooperation agreement signed between Holtec International and Ukrainian national nuclear operator Energoatom. The agreement calls for the first plant to begin supplying power by March 2029.

Ultra Safe Nuclear Corporation of the USA has signed a memorandum of understanding with South Korea's Hyundai Engineering and SK E&C to conduct joint research and development for the commercialisation of Hydrogen Micro Hubs over the next five years.

Korea Atomic Energy Research Institute has signed a memorandum of understanding with the Government of Alberta to collaborate on the deployment of small modular reactor technology - including the Korean-designed SMART reactor - in the Canadian province.

World Nuclear Association and nuclear trade associations from Canada, Japan, Europe, the UK and the USA have issued a declaration calling on G7 governments to support the long-term operation of existing nuclear power plants and to accelerate the deployment of new nuclear power plants.

The agreement by Canada, France, Japan, the UK and USA to leverage their civil nuclear power sectors to ensure a stable supply of nuclear fuel for existing and future reactors came as G7 climate, energy and environment ministers concluded a two-day meeting with a promise to accelerate the phase-out of fossil fuels.
 

Hungary and Belarus have signed a memorandum of understanding on cooperation relating to the projects in both countries for new Russian VVER-1200 nuclear reactors.

Cooperation agreements in the field of nuclear energy have been signed between China and France during a state visit by French President Emmanuel Macron to Beijing. The latest agreements between China General Nuclear, China National Nuclear Corporation and EDF build on 40 years of previous cooperation between the two countries.

The UK and South Korea have signed a joint declaration stating their agreement on the need for energy transition from fossil fuels to low-carbon power sources, prospects for South Korea's participation in new UK nuclear power plant projects and the two countries' exchanges and cooperation in offshore wind power, hydrogen and other clean energy areas.

Grupa Azoty Police, Ultra Safe Nuclear Corporationand the West Pomeranian University of Technology have signed an agreement to build a nuclear energy research facility based on Ultra Safe Nuclear's Micro-Modular Reactor technology. Meanwhile, Polskie Elektrownie Jądrowe, Westinghouse and Bechtel expect to soon sign a contract for the design of Poland's first large-scale reactor.