{
  "id": 1409753,
  "title": "Chey Tae-won, Bill Gates Meet Again as SK Steps Up SMR Strategy for AI Power Demand",
  "url": "https://urgent.news/2026/08/17/chey-tae-won-bill-gates-meet-again-as-sk-steps-up-smr-strategy-for-ai",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-17T03:44:50.000Z",
  "source": {
    "name": "Korea IT Times",
    "slug": "korea-it-times",
    "url": "https://www.koreaittimes.com/news/articleView.html?idxno=156176"
  },
  "original_language": "en",
  "account": "SK Group Chairman Chey Tae-won and Bill Gates, TerraPower's chairman, convened once more to deliberate strategies for fulfilling the escalating electricity requirements stemming from the AI era. This meeting, occurring on August 14, appears to signify a progression in their relationship from purely financial investment to a more strategic collaborative endeavor. The dialogue encompassed advanced nuclear power, electricity consumption from AI data centers, and prospective joint ventures in the global energy sector.\n\nThis gathering followed a similar meeting a year prior, when Gates visited Korea in August 2022, focusing on SMRs and innovative energy solutions. The recent encounter aligns with SK Group's endeavor to fortify its bonds with TerraPower, as evidenced by a tentative accord outlining the terms for their global SMR collaboration initiatives. This agreement sets the stage for SK's involvement in TerraPower's projects across the United States and beyond.\n\nSK Group's strategic footprint in TerraPower was established through a $250 million investment in 2022, making SK the company's second-largest shareholder. TerraPower is currently developing its Natrium reactor project in Wyoming, a fourth-generation sodium-cooled fast reactor complemented by an energy storage system aimed at enhancing nuclear power generation's flexibility.\n\nThe company is exploring SMRs as a prospective long-term power source for AI data centers, which are experiencing a surge in electricity consumption due to the expansion of AI computing. SK already boasts expertise in LNG power generation and energy storage systems (ESS). By merging these assets with TerraPower's SMR technology, SK envisions offering data center operators an integrated power solution encompassing generation, storage, and supply stability. This model could initially rely on LNG generation and ESS during the early stages of a data center's operation, with SMRs providing consistent, low-carbon baseload power as demand escalates.\n\nThis strategic approach aligns with SK Group's evolving integrated energy business model, moving beyond conventional power generation to incorporate diverse generation and storage technologies tailored to customers' power needs. Experts posit that the partnership may gain substantial significance as reliable electricity becomes one of the foremost hindrances to AI data center expansion. \"AI data centers necessitate not only massive electricity but also stable power supplies,\" remarked an industry insider. \"A portfolio incorporating LNG, ESS, and SMRs could enable SK to position itself as a comprehensive energy solutions provider rather than a mere power generator.\"\n\nThe partnership is anticipated to unfold incrementally. SMRs encounter challenges concerning construction duration, economic viability, and regulatory clearances, rendering LNG and ESS more feasible in the short term. SMRs may eventually assume a pivotal role in SK's power strategy once commercial deployment becomes feasible. This collaboration could also foster opportunities for Korean firms within the nuclear supply chain, as entities like Doosan Enerbility are already engaged in the Natrium project. Consequently, SK's energy businesses may forge broader alliances with Korea's nuclear industry, capitalizing on the burgeoning demand for AI-generated electricity.",
  "summary": "SK Group Chairman Chey Tae-won and Bill Gates, chairman of TerraPower, have met again to discuss ways to secure power for the rapidly growing electricity demand of the artificial intelligence era, signaling that the relationship between SK and TerraPower may be moving beyond a financial investment t",
  "key_points": [
    "Chey Tae-won and Bill Gates meet on August 14 to discuss AI power demand",
    "SK Group invests $250 million in TerraPower in 2022, becoming second-largest shareholder",
    "SK aims to offer integrated power solutions (LNG, ESS, SMRs) for AI data centers"
  ],
  "editors_take": "SK Group's deepening partnership with TerraPower positions it to offer data center operators a comprehensive energy solution, combining LNG, energy storage, and small modular reactors to meet surging AI power demands.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}