Hyundai Engineering Accelerates Global SMR Push
Hyundai Engineering is stepping up its push into the global next-generation nuclear power market by consecutively joining hands with U.S. small modular reactor (SMR) developers.Hyundai Engineering said on Oct. 27 that it has signed memorandums of understanding (MOUs) with Nano Nuclear Energy (NNE) a
Hyundai Engineering is accelerating its global push into the next-generation nuclear power market by forming strategic partnerships with U.S. small modular reactor (SMR) developers, Nano Nuclear Energy (NNE) and ARC Clean Technology (ARC). The company has signed memorandums of understanding (MOUs) with both firms, signaling its commitment to participating in fourth-generation SMR demonstration projects.
Hyundai Engineering plans to take charge of engineering, procurement, and construction (EPC) for reactor auxiliary facilities, review modular design, and establish the supply chain for these projects. In the first instance, Hyundai Engineering will collaborate with NNE on the KRONOS MMR first unit project, which aims to supply heat and achieve carbon neutrality at the University of Illinois Urbana-Champaign campus.
The company will also work with ARC on a sodium-cooled fast reactor-based SMR project, with a planned 200MWe commercial demonstration plant at Idaho National Laboratory, with expansion to 600MWe in the future.
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