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HD Hyundai and TerraPower Forge Agreement for Natrium Reactor Production
HD Hyundai and TerraPower Sign Natrium® Reactor Supply Framework Agreement
Benzinga
Image: Benzinga
HD Hyundai Heavy Industries has signed a Framework Agreement with TerraPower to manufacture components for the Natrium Reactor Enclosure System, a next-generation nuclear reactor. This partnership aims to enhance production capabilities and establish a stable supply chain crucial for the commercialization of Natrium reactors, which are recognized for their safety and technical maturity.
- 01The agreement follows a year-long joint study assessing manufacturing feasibility and cost competitiveness.
- 02The Natrium reactor is a fourth-generation Sodium-Cooled Fast Reactor developed by TerraPower.
- 03Kwang-shik Won of HD Hyundai emphasized the agreement as a foundation for entering the global nuclear market.
- 04The collaboration aims to transition from First-of-a-Kind (FOAK) production to Nth-of-a-Kind (NOAK) serial manufacturing.
- 05A tripartite Memorandum of Understanding was also signed with Hyundai Engineering & Construction for next-generation nuclear projects.
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HD Hyundai Heavy Industries, based in Seoul, South Korea, has signed a Natrium Reactor Supply Framework Agreement with TerraPower, a nuclear innovation company, to establish a supply chain for the Natrium Reactor Enclosure System (RES). This agreement builds on a previous strategic partnership aimed at commercializing the Natrium reactor, a fourth-generation Sodium-Cooled Fast Reactor (SFR) noted for its high safety and technical maturity. The collaboration will leverage HD Hyundai's advanced manufacturing capabilities to transition from First-of-a-Kind (FOAK) production to Nth-of-a-Kind (NOAK) serial manufacturing, enhancing production capacity for Natrium plants worldwide. Kwang-shik Won, Senior Executive Vice President at HD Hyundai, highlighted the agreement's significance for entering the global nuclear market. Additionally, a Memorandum of Understanding was signed with TerraPower and Hyundai Engineering & Construction to bolster next-generation nuclear power projects, ensuring a robust foundation for Engineering, Procurement, and Construction (EPC) execution.
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This agreement positions HD Hyundai to play a significant role in the global nuclear energy market, potentially leading to job creation and technological advancements in South Korea.
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