CNNC signed a 2015 agreement with Lloyd's Register for regulatory support in developing a sea-based, 100-megawatt version of its ACP100 reactor, which is likely the joint venture's intended launch project.

Analysis shows that the economics of ACPR50S floating Nuclear power plant for offshore sea oilfield production is much better than diesel power generation system and gas turbine power generation system.

China's first project to feature the third-generation ACP100 nuclear reactor, called the Linglong One, has completed its preliminary design stage and is expected to be built later in 2017 in the Changjiang Li Autonomous County of Hainan. The first concrete for the ACP100 will be on 30th Dec. 2017.

Mass production and global exportation of the small modular reactors following the pilot project are expected, Qian said. Countries such as Canada, Brazil, Egypt, Indonesia, Iran, Mongolia, Pakistan, Saudi Arabia, the United Kingdom, to name a few, have all shown interest on the technology.