Basic agreement with TerraPower on sodium reactor project Secures EPC partner rights for up to eight follow-up units Building Wyoming’s first fourth-generation reactor in the U.S. Targets global market amid surging power demand from AI
사진 확대 Hyundai Engineering and Construction CEO Lee Han-woo, left, and Bill Gates, chairman of TerraPower’s board, pose for a commemorative photo after attending a management meeting among Hyundai Engineering and Construction, TerraPower and HD Hyundai in Seoul on the 14th. The three companies discussed cooperation on the next-generation reactor project, Natrium, that day.
Hyundai Engineering and Construction said on the 18th that it has secured priority rights for engineering, procurement and construction (EPC) on up to eight next-generation nuclear reactors that U.S. nuclear company TerraPower plans to develop further. The move is aimed at gaining an early foothold in the next-generation nuclear market as global power demand surges with the spread of AI data centers.
Hyundai Engineering and Construction said it signed a basic agreement for the Natrium nuclear project, TerraPower’s next-generation reactor, with CEO Lee Han-woo, TerraPower CEO Chris Levesque and others in attendance.
Under the agreement, the two companies will expand cooperation in the nuclear sector and jointly identify new business opportunities. Hyundai Engineering and Construction also secured its role as the EPC partner for up to eight follow-up Natrium units that TerraPower is planning.
TerraPower is a U.S. nuclear company with fourth-generation reactor technology based on a sodium-cooled fast reactor (SFR) that uses liquid sodium as a coolant. After receiving approval from the United States Nuclear Regulatory Commission (NRC) to build a fourth-generation reactor, the company is constructing the 345-megawatt Kemmerer Unit 1 in Wyoming.
Hyundai Engineering and Construction plans to discuss construction of follow-up reactors to Kemmerer Unit 1 and joint global sales efforts with TerraPower.
Relatedly, Lee met with Bill Gates, chairman of TerraPower’s board, CEO Levesque and HD Hyundai Chairman Kisun Chung in Seoul on the 14th to discuss commercialization of the Natrium reactor and ways to expand overseas business. The three companies signed a memorandum of understanding in May to cooperate on next-generation nuclear projects.
A Hyundai Engineering and Construction official said, “By combining TerraPower’s nuclear technology with Hyundai Engineering and Construction’s global EPC capabilities, this will be an important milestone in responding to surging power demand and accelerating the commercialization of next-generation nuclear reactors.”
This article has been translated by GripLabs Mingo AI.
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Hyundai Engineering and Construction
TerraPower
basic agreement
HD Hyundai
Wyoming
Bill Gates
Artificial Intelligence (AI)
data center workload