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Hyundai E&C to Build Up to 8 TerraPower Natrium Reactors
Hyundai E&C signed a framework deal to build up to 8 TerraPower Natrium reactors, joining the U.S. firm's push into next-gen nuclear power.
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Hyundai Engineering & Construction will join U.S. nuclear firm TerraPower's next-generation reactor program as an engineering, procurement and construction (EPC) partner, the South Korean builder said Tuesday.
Hyundai E&C signed a framework agreement with TerraPower covering the Natrium advanced nuclear power plant design. The pact gives Hyundai E&C a position to build up to eight additional Natrium units beyond the first project, the company said.
TerraPower is developing fourth-generation reactor technology based on sodium-cooled fast reactors. Its Natrium system pairs a nuclear reactor with an energy storage system, letting electricity output adjust to demand. The company says the design relies on passive cooling if external power is lost and produces less nuclear waste than conventional reactors.
TerraPower started construction of its 345-megawatt Kemmerer Unit 1 in Wyoming after receiving U.S. regulatory approval. The company has also worked with technology firms including Meta as it targets electricity demand from artificial intelligence data centers and expands into overseas markets.