HD Hyundai Named Preferred Negotiation Partner for Supplying Key Equipment to TerraPower SMR

Signing of Fundamental Agreement (FA) with TerraPower for Sodium Reactor Supply
Accelerating Reactor Commercialization with Manufacturing Capabilities, Expertise, and Extensive Track Record

On May 21, HD Hyundai announced that its shipbuilding division affiliate, HD Hyundai Heavy Industries, has signed a Fundamental Agreement (FA) with TerraPower in the United States for the supply of sodium-cooled reactors.

Under the agreement, HD Hyundai Heavy Industries has been designated as the preferred negotiation partner for the manufacture and supply of core equipment for TerraPower's sodium reactor main equipment (RES·Reactor Enclosure System), based on its outstanding manufacturing capabilities, expertise, and extensive track record.

Wonkang Sik, Head of the Marine Energy Division at HD Hyundai Heavy Industries (left), is taking a commemorative photo after signing an agreement with Chris LeVeque, CEO of TerraPower, in the United States. HD Hyundai

This agreement is an extension of the "Strategic Agreement for Expanding the Manufacturing Supply Chain for the Commercialization of Sodium Reactors" signed in March last year. Over the past year, the two companies have conducted studies on the manufacturing feasibility, price competitiveness, and delivery schedule of sodium reactors.

Previously, in December 2024, HD Hyundai received an order from TerraPower for the fabrication of a cylindrical reactor vessel, which is currently under production. Building on the successful execution of this demonstration project, the company plans to expand its business cooperation to commercial models in the future.

The sodium reactor, developed by TerraPower, is a fourth-generation Sodium-Cooled Fast Reactor and is considered to have the highest level of safety and technological maturity among existing Small Modular Reactors (SMRs). TerraPower has prioritized building a supply chain for main equipment as a key task to realize the commercial deployment of sodium reactor power plants.

Wonkang Sik, Head of the Marine Energy Business Division at HD Hyundai Heavy Industries, emphasized, "Signing this agreement not only strengthens our strategic partnership with TerraPower but also lays an important foundation for entering the global SMR market. Through joint research, we will strive to supply sodium reactor equipment in a timely manner and establish a continuous production base to enhance global competitiveness."

Chris Levesque, CEO of TerraPower, stated, "I am confident that, based on HD Hyundai's expertise and outstanding capabilities, we will be able to supply reliable and economical nuclear energy on a large scale."

This content was produced with the assistance of AI translation services.