HD Hyundai, SK join Bill Gates' TerraPower for SMR biz
Major conglomerates HD Hyundai and SK are spearheading efforts to incorporate Korean industry in TerraPower’s global small modular reactor (SMR) supply chain through talks with Bill Gates, TerraPower’s board chairman, who has been holding meetings with the groups' heads and top government officials in Korea. HD Hyundai said its Chairman Chung Ki-sun and Hyundai E&C CEO Lee Han-woo met Gates and…
HD Hyundai and SK are collaborating with Bill Gates and TerraPower to enter the small modular reactor (SMR) market. The two Korean conglomerates met with Gates and TerraPower's CEO, Chris Levesque, in Seoul to discuss strategies for commercializing land-based reactors. This marks the first face-to-face meeting between the leaders since a memorandum of understanding was signed in May.
HD Hyundai aims to boost its investment in production facilities, with the ambition of delivering two to three reactor vessels annually. The collaboration encompasses technology, manufacturing, and engineering-procurement-construction.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
Also reported by 1 other outlet
- HD Hyundai, SK join Bill Gates' TerraPower for SMR biz koreatimes.co.kr
