Alberta and South Korea are signing a memorandum of understanding (MOU) on nuclear reactors.

The agreement between the province and the Korea Atomic Energy Research Institute (KAERI) will explore the viability of deploying small modular reactor technology here.

The government says the technology has great potential to supply non-emitting energy in many different industries including the oilsands.

“Alberta is, and always will be, an energy powerhouse,” says Minister of Jobs, Economy and Northern Development Brian Jean.

“Alberta’s government is committed to actively exploring opportunities to lower emissions while safely powering the world for decades to come.”

As part of the MOU, Alberta’s government and KAERI will work together to identify federal and provincial regulatory requirements and existing industrial development programs to support the deployment of SMR technology in Alberta.

KAERI is also looking into how they could establish a presence in Alberta to explore the viability