HD Hyundai, Gates Discuss SMR Cooperation
HD Hyundai Chairman Chung Ki-sun and TerraPower Founder and Chairman Bill Gates met in Seoul to solidify a cooperative system for the commercialization of next-generation small modular reactors (SMR). This meeting marks the first time the top management gathered in one place since the ‘tripartite me
HD Hyundai Chairman Chung Ki-sun and TerraPower Founder and Chairman Bill Gates convened in Seoul to strengthen a cooperative framework for the commercialization of next-generation small modular reactors (SMR). This meeting, the first time top management convened since a 'tripartite memorandum of understanding for cooperation on the next-generation Natrium reactor business' was signed in May, took place on August 14 and included TerraPower CEO Chris Levesque and Hyundai E&C CEO Lee Han-woo.
The discussion focused on reviewing progress thus far and deep-dive into cooperative measures to expedite the commercialization of land-based reactors. Chung emphasized the potential acceleration of commercialization through a cooperative system encompassing technology, manufacturing, and EPC. The goal is to establish a production system supplying 2 to 3 main reactor components per year, prompting preemptive investments in production facilities before commercialization.
HD Hyundai has been designated the preferred bidder for manufacturing and supplying the core equipment for TerraPower's Natrium reactors, based on a strategic division of roles.
Written by urgent.news from BusinessKorea's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
