HD Hyundai Heavy to bet $747 mil. in power-generation engine, SMR
HD Hyundai Heavy Industries will invest 1 trillion won ($746.7 million) in land-based power generation engines and small modular reactors (SMRs) to strengthen its presence in the artificial intelligence (AI) infrastructure market. The company said in a regulatory filing Thursday that it will invest 1.07 trillion won to build a new production base for power generation engines and a dedicated…
HD Hyundai Heavy Industries plans to invest a staggering 1 trillion won, equating to approximately $746.7 million, in land-based power generation engines and small modular reactors (SMRs). This investment aims to bolster the company's position in the artificial intelligence (AI) infrastructure market. According to a regulatory filing, the company intends to allocate 1.07 trillion won towards constructing a new production base for power generation engines and a specialized manufacturing facility for SMRs.
The majority of the investment, totalling 833.6 billion won, will be directed towards building a new production base for HD Hyundai's HiMSEN engines in Ulsan. The plant will boast a production capacity of 3 gigawatts annually. Spanning across a 215,000 square meter site, the facility will house an engine assembly and testing plant, a crankshaft machining plant, and additional production facilities.
Construction of this new base is set to commence in the first quarter of next year, with completion projected for May 2028. Upon completion, HD Hyundai anticipates securing 4 gigawatts of annual production capacity for land-based power generation engines. This new plant joins the existing HD Hyundai Engine facility in Yeongam, Jeonnam-Gwangju.
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- HD Hyundai Heavy to bet $747 mil. in power-generation engine, SMR koreatimes.co.kr
