Singapore has taken a significant step in its energy future by signing a 30-year civil nuclear cooperation agreement with the United States. The agreement, known as the 123 Agreement, will provide Singapore access to US nuclear expertise and advanced technologies, including small modular reactors (SMRs). This deal marks the latest development in Singapore’s exploration of clean and reliable energy sources, positioning nuclear technology as a potential solution for its long-term energy needs.
The agreement builds on an existing collaboration between Singapore and the US on nuclear safety, security, and non-proliferation. Over the years, the two countries have worked on various initiatives to enhance Singapore’s capacity to understand advanced nuclear technologies. This partnership is set to deepen further under the new framework, with a focus on ensuring that nuclear developments in Singapore adhere to the highest standards of safety and international regulations.
Small modular reactors, a key focus of this agreement, represent a promising innovation in the nuclear sector, offering a more flexible and safer approach to nuclear energy. As Singapore evaluates the role of advanced nuclear technologies in its clean energy transition, this agreement creates a framework to explore these options while balancing energy needs and climate targets. The 123 Agreement is expected to come into force later this year, further cementing the US-Singapore partnership in nuclear energy.
(Source: MFA)
