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PRESS RELEASE: Bangkok, Thailand & Copenhagen, Denmark.

26/04/2024

Global Power Synergy Public Company Limited (GPSC) and Seaborg ApS sign a Memorandum of Un

Global Power Synergy Public Company Limited (GPSC) and Seaborg ApS sign a Memorandum of Understanding (MOU) to explore the potential deployment of the Compact Molten Salt Reactor (CMSR) Power Barge in Thailand.

Global Power Synergy Public Company Limited (GPSC) and Seaborg ApS have entered a Memorandum of Understanding (MOU) where both parties intend to explore and assess how the next generation nuclear power technology of the CMSR (Compact Molten Salt Reactor) Power Barge could be utilized in Thailand to support the country´s transition to net zero.  

The parties aspire to use the assessment to scope an initial project where the commercial deployment of the CMSR Power Barge is feasible and commercially viable. The study is intended to explore the use of the carbon free electricity generated from Seaborg´s Power Barge to feed directly into the grid, as well as explore the potential use of the steam generated during operations.

Mr. Worawat Pitayasiri, CEO of GPSC, addresses that the recent development of nuclear SMR (Small Modular Reactor) technologies would play an important role for utility sector that seeks for the innovative generation technology aimed to maximize among the supply reliability, affordability, and sustainability.  In addition to our on-going studies on hydrogen and carbon capture & storage technologies, we believe that Seaborg’s CMSR Power Barge would potentially be indispensable for our generation mix assets to achieve our low-carbon electricity and other utilities supplied to our customers.        

Once the project has matured to investment-ready, both parties intend to attract foreign direct investments to realize the project. Based on the results of the studies, further collaboration such as the development and deployment of CMSR Power Barge with a capacity between 200 MWe and 800 MWe will be considered.

CEO of Seaborg, Klaus Nyengaard says: “GPSC is taking a leading role in exploring nuclear SMR technology in Thailand, and we are very excited to work with them.  Our expertise in nuclear will support GPSC development to strictly comply with the international requirements and both parties could exchange best practices for the joint feasibility.  On top, we see new nuclear as a great addition to the Thai energy mix in transforming the future of energy in Thailand, setting a great example for newcomer countries to nuclear.”

The total installed capacity in Thailand was 56GW in 2021. That is expected to grow to at least 77GW by 2037

The MOU signing ceremony was warmly hosted by Ambassador Jon Thorgaard at Danish Embassy in Bangkok.

 

About GPSC

GPSC is a Thai leading innovative and sustainable power company. The core business is to generate and supply electricity and utilities to customers and also developing new S-Curve and smart energy business to create value to stakeholders. Today, GPSC – www. Gpscgroup.com – operates power plants with 8GW generating capacity in Thailand.

 

 

About Seaborg ApS

Seaborg ApS is a Danish nuclear energy company that develops a new, safe nuclear technology based on a molten salt reactor design. The company's mission is to provide clean, safe, and reliable power generation to meet the growing demand for sustainable energy worldwide.

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