U.S. TerraPower, South Korea’s SK Innovation sign preliminary deal on global SMR projects
- On Friday, August 14, HD Hyundai Chairman Chung Kisun, TerraPower Board Chairman Bill Gates, and Hyundai Engineering and Construction CEO Lee Han-woo met in Seoul to discuss their trilateral reactor partnership.
- HD Hyundai aims to build capacity to produce 2–3 primary Natrium components annually, deepening Korea-U.S. cooperation as Chung stated the framework will "accelerate the commercialization of next-generation Natrium reactors."
- The Natrium reactor, a fourth-generation SMR, utilizes sodium coolant to deliver 345 megawatts of power, with storage systems capable of ramping to 500 megawatts during peak demand amid surging global SMR demand.
- Separately, TerraPower signed a preliminary global agreement with a Korean partner on Friday, while Doosan Enerbility secured a contract to manufacture key reactor components for the Natrium project in Kemmerer, Wyoming.
- Achieving SMR cost competitiveness requires "standardized mass deployment," which combines TerraPower's designs with Korea's manufacturing ecosystem, with the Natrium reactor in Kemmerer planned for commercial operation by 2031.
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U.S. TerraPower, South Korea’s SK Innovation sign preliminary deal on global SMR projects - Regional Media News
SEOUL, Aug 14 (Reuters) - TerraPower and South Korea's SK Innovation signed on Friday a preliminary global agreement on small modular reactors (SMRs), Seoul's Industry Ministry said, opening a path for the SK Group affiliate to participate in the U.S. company's projects at home and abroad. The agreement was signed at a meeting in Seoul between TerraPower co-founder Bill Gates, SK Group Chairman Chey Tae-won and Industry Minister Kim Jung-kwan, t…
U.S. TerraPower, South Korea’s SK Innovation sign preliminary deal on global SMR projects
SEOUL, Aug 14 (Reuters) - TerraPower and South Korea's SK Innovation signed on Friday a preliminary global agreement on small modular reactors (SMRs), Seoul's Industry Ministry said, opening a path for the SK Group affiliate to participate in the U.S...
(Seoul = Yonhap News) Reporter Kim Yu-hyang = HD Hyundai Heavy Industries [329180] rose more than 2% on the 14th.
Chung Ki-sun "Actively Responds to SMR Power Generation Demand"… Accelerating Penetration of US SMR Market HD Hyundai Aims to Establish Production System for 2–3 Reactor Vessels Per Year HD Hyundai, TerraPower, and Hyundai E&C Aim for the Commercialization of the Next-Generation Small Modular Reactor (SMR), the 'Sodium Reactor'
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