HD Hyundai-terafaw-Hyundai E&C, Speeding into U.S. SMR Market

*This content was translated by AI.

HD Hyundai is joining forces with terafaw and Hyundai E&C to secure a foothold in the U.S. small modular reactor (SMR) market.

HD Hyundai announced that Jeong Gi-seon (Chairman), Bill Gates, Founder and Chairman of terafaw, Chris LeBeck, CEO of terafaw, and Lee Han-woo, Director of Hyeon Dae-geon-seol (CEO), met on the 14th in Seoul. This marks the first meeting between top executives from each company since HD Hyundai, terafaw, and Hyundai E&C signed a "Tripartite Memorandum of Cooperation for Next-Generation Sodium Reactor Business" in May.

At this meeting, Jeong Gi-seon (Chairman) and others engaged in in-depth discussions on multi-faceted cooperation strategies to commercialize land-based reactors based on progress made so far. Lee Han-woo stated, "We expect to accelerate the commercialization of next-generation reactors by building a cooperative framework that encompasses technology, manufacturing, and EPC."

Meanwhile, HD Hyundai has been concretizing its supply chain cooperation scope and plans to proactively invest in production facilities ahead of commercialization, with the goal of supplying two to three reactor vessels annually.

Starting with an investment in terafaw in 2022, HD Hyundai received orders from terafaw in December 2024 for cylindrical reactor vessels used in sodium reactors and has been manufacturing them.

In March 2025, HD Hyundai signed a "Strategic Agreement on Manufacturing Supply Chain Expansion for Commercialization of Sodium Reactors" with terafaw, conducting research over the past year on the manufacturability, price competitiveness, and delivery schedules of sodium reactors. In May 2026, it was also designated as a preferred negotiation partner to manufacture and supply key equipment for the primary system of terafaw's sodium reactors.

An HD Hyundai official, speaking by phone with this newspaper, said, "HD Hyundai is committed to proactively responding to growing demand for SMR power generation through its advanced proprietary technology development and collaboration with global companies."

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*This content was translated by AI.