South Korea's HD Hyundai Heavy Industries Signs Framework Agreement with U.S. TerraPower for Sodium Reactor Supply

en.Wedoany.com Reported - HDHyundai Heavy Industries announced on May 21 that it has signed a Framework Agreement (FA) for sodium reactor supply with TerraPower, a U.S.-based next-generation small modular reactor (SMR) company. Under the agreement, HD Hyundai Heavy Industries has been selected as the preferred bidder for the manufacturing and supply of core equipment for the main components (RES) of TerraPower's sodium reactor.

The sodium reactor is a fourth-generation sodium-cooled fast reactor (SFR) developed by TerraPower, which uses liquid sodium to cool the heat generated by fast neutron nuclear fission to produce electricity. In March last year, the two companies signed a "Strategic Agreement to Expand the Commercial Manufacturing Supply Chain for Sodium Reactors," and have since been conducting research on manufacturing feasibility, price competitiveness, and delivery schedules.

Based on the successful implementation of the demonstration project, HD Hyundai Heavy Industries plans to expand its business cooperation into the commercial model sector in the future. Won Gwang-sik, Head of HD Hyundai Heavy Industries' Marine Energy Business Division, stated: "The signing of this agreement will strengthen our strategic partnership with TerraPower and lay an important foundation for our entry into the global small modular reactor (SMR) market. We will secure global competitiveness by supplying sodium reactor facilities in a timely manner and establishing a continuous production base."

TerraPower CEO Chris Leveque stated: "By establishing this partnership, we have laid the groundwork for the global commercialization of sodium nuclear power plants, including commercialization in the United States. With HD Hyundai Heavy Industries' expertise and outstanding capabilities, we will be able to deliver reliable and economical nuclear energy at scale."

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