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South Korea's Pohang to Build Core Component Factory for Small Modular Reactors

The city of Pohang and North Gyeongsang Province recently signed a memorandum of understanding with Hyundai Heavy Industries Turbomachinery Co., Ltd. to build a large-scale production plant for eco-friendly turbomachinery and core components for small modular reactors (SMRs) at the fourth comprehensive industrial complex in Pohang's Yeongil Bay, with an investment of approximately 100 billion KRW. Under the agreement, Hyundai Heavy Industries Turbomachinery plans to carry out the project between 2026 and 2029, constructing related production facilities on a 101,128-square-meter site within the complex. Upon completion, the project is expected to create approximately 100 new jobs and boost the local manufacturing sector...

2026-08-28

Hyundai E&C Signs Framework Agreement with TerraPower for Natrium Nuclear Power Plant Project

Hyundai Engineering & Construction announced on the 18th that it has signed a framework agreement with U.S. nuclear energy company TerraPower for the execution of the Natrium next-generation nuclear power plant project. Under the agreement, Hyundai E&C has been granted priority status to serve as the engineering, procurement, and construction (EPC) general contractor for up to eight additional Natrium nuclear units developed by TerraPower. The signing ceremony was attended by senior executives from both companies, including Hyundai E&C CEO Lee Han-woo and TerraPower CEO Chris Levesque. The two parties plan to expand cooperation in the nuclear energy sector and jointly explore new business opportunities...

2026-08-18

HD Hyundai Chairman to Meet Bill Gates to Advance SMR Cooperation

HD Hyundai Chairman Chung Ki-sun will meet Bill Gates, who is visiting South Korea, on August 14, with the two sides planning discussions on cooperation in small modular reactors (SMRs). Gates, co-founder of Microsoft, also serves as chairman of TerraPower, a U.S. small modular reactor company. This will be the latest round of communication between Chung and Gates on related cooperation, following their meeting earlier this year at the Davos Forum in Switzerland. HD Hyundai and TerraPower have been steadily strengthening cooperation in SMR and advanced reactor manufacturing in recent years. In November 2022, HD Korea Shipbuilding & Marine Engineering invested $30 million in TerraPower. In December 2024, HD Hyundai secured an order to manufacture the reactor vessel for TerraPower's 345 MW sodium-cooled fast reactor (SFR) to be built in Wyoming, U.S.

2026-08-13

Arkansas Advances New Nuclear Power Plant Project, Hyundai Motor Supports SMR Construction

Entergy, Holtec International, and Hyundai Motor Group signed an agreement on August 4, 2026, to jointly advance a nuclear power generation project in White County, Arkansas. The project will utilize Holtec's technology for the design, manufacturing, and maintenance of Small Modular Reactors (SMRs), while Hyundai Motor will be responsible for providing key equipment and technical support for the plant. This collaboration involves the construction of a new nuclear power plant in Arkansas, which is expected to provide reliable and clean electricity to the local area. Entergy will serve as the operator of the project, responsible for the safe operation and management of the nuclear power plant, and will also work closely with H...

2026-08-05

Holtec, Entergy, and Hyundai Engineering & Construction Partner to Evaluate SMR-300 Deployment Opportunities in the Southern United States

On August 4, local time, Holtec International, Entergy Services, LLC, and Hyundai Engineering & Construction Co., Ltd. (HDEC) announced a strategic collaboration to jointly evaluate potential opportunities for deploying Holtec's SMR-300 advanced small modular reactor within Entergy's service territory to power large-load customers. The collaboration is established through a non-binding memorandum of agreement. Under the arrangement, the three parties will conduct assessments around a potential two-unit SMR-300 project, focusing on customer demand,...

2026-08-05