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 Group are collaborating with Bill Gates and TerraPower to enter the small modular reactor (SMR) market in Korea, according to sources. The partnership was initiated following a meeting between the conglomerates' executives and the heads of TerraPower, as well as senior government officials in Seoul. The talks were facilitated by TerraPower's board chairman, Bill Gates.
HD Hyundai's Chairman Chung Ki-sun and Hyundai E&C CEO Lee Han-woo met with Gates and TerraPower CEO Chris Levesque at a hotel in Seoul. This was the first meeting of top executives since the three parties signed a memorandum of understanding in May for cooperation in the development of next-generation sodium-cooled fast reactors.
During the meeting, the executives discussed strategies for the commercialization of land-based reactors, building upon the progress made so far. HD Hyundai aims to bolster its investment in production facilities and intends to deliver two to three reactor vessels annually. The cooperative efforts span various domains, including 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.
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- HD Hyundai, SK join Bill Gates' TerraPower for SMR biz koreatimes.co.kr
