HD Hyundai partners with US and UK SMR companies to expand floating nuclear power plant market - South Korean report

HD Korea Shipbuilding & Marine Engineering, the holding company of HD Hyundai (formerly Hyundai Heavy Industries), has recently announced that it will be working with U.S.-based TerraPower, which is developing next-generation nuclear reactors, as well as Southern Company, a major U.S. power generation company, and marine-related regulations.
announced that they held a technical exchange meeting for joint development of molten salt reactors with Core Power, a British company that provides consulting services.
This molten salt reactor is one of the 4th generation reactors and has been evaluated as a safe and highly efficient reactor.
. In November 2022, HD Hyundai invested 30 million dollars (USD, approximately 4,451.25 million yen) in Terra Power and entered the field of next-generation energy technology.
Through this joint research, the company plans to advance the market development of floating nuclear power plants, which are attracting attention as next-generation clean energy.
From the end of the year, a small modular reactor (SMR) research and development team will be dispatched to TerraPower. We are collaborating with partner companies in a variety of fields, including new nuclear power generation-related businesses, including marine nuclear power plants.
conduct. Furthermore, the company plans to work with the International Atomic Energy Agency (IAEA) and the world's major ship classes to establish a system for floating nuclear power plants.
HD Hyundai officials said, ``Next-generation energy including carbon-free marine nuclear power plants''
"In order to lead the market, we will strengthen our research and development by forming cooperative relationships with the world's top companies."