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Thorizon has established a strategic memorandum of understanding with Hyundai Engineering & Construction to develop and commercialize molten salt reactor (MSR) technology. Signed on March 9 at Thorizon’s Amsterdam headquarters, the MoU includes cooperation in engineering, design activities, and engagement with energy users.

Thorizon is developing a 250 MWt/100 MWe MSR aimed at industrial customers, which can recycle nuclear waste and use thorium. Pre-feasibility studies are ongoing at sites in France, Belgium, and the Netherlands, with construction targeted for 2030. Thorizon received EUR10 million in funding from the French government as part of the France 2030 national investment plan.