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HD Hyundai and TerraPower Join Forces to Revolutionize Nuclear Energy

On August 22, 2025, a significant meeting took place in Seoul, where Chung Kisun, the Executive Vice Chairman of HD Hyundai, sat down with Bill Gates, Chairman of TerraPower. This reunion marked the continuation of discussions that began five months ago during an earlier meeting in the United States, where the companies outlined a collaborative effort to enhance the nuclear supply chain.

Progress on Nuclear Supply Chain

The core agenda of this meeting was the advancement of the supply chain necessary for the commercialization of TerraPower's innovative Natrium reactors. This Generation IV small modular reactor (SMR) is designed with advanced sodium-cooled fast reactor (SFR) technology paired with integrated energy storage. This means not only does it provide a highly efficient energy solution, but it also precedes conventional reactors in terms of safety and reduced nuclear waste production. The Natrium reactors reportedly generate around 40% less waste than traditional nuclear setups, confirming their technological maturity and safety advantages.

In alignment with their initial understanding from March, HD Hyundai has committed to supplying the reactor vessels that are fundamental to the Natrium reactors. The memorandum of understanding (MOU) between both parties is pivotal for the aim of developing a comprehensive manufacturing supply chain to support the global application of this groundbreaking reactor technology.

Vision for the Future of Nuclear Energy

Chung Kisun articulated, "Next-generation SMR technology is a foundational solution for achieving sustainable energy in the future. Our partnership with TerraPower signifies a crucial turning point in the establishment of a global nuclear supply chain and the transition of energy paradigms worldwide." This optimistic outlook can potentially reshape how nuclear energy is perceived and utilized on a global scale.

In further reinforcing the commitment to this endeavor, Chris Levesque, President and CEO of TerraPower, recognized HD Hyundai not only as a leading shipbuilder but as a strategic partner with vital manufacturing expertise, which he stated, “will play an essential role in the global nuclear industry.” He further emphasized that by collaborating, both companies could accelerate the commercialization of Natrium reactors while fostering new global market opportunities.

Expanding Horizons: Nuclear-Powered Vessels

In addition to their work on the Natrium reactor project, HD Hyundai is exploring avenues for developing nuclear-powered vessels. This includes ongoing investigations into molten salt reactor (MSR) technologies for potential deployment in the shipbuilding sector. Such advancements could transform marine operations and contribute to eco-friendly energy solutions within the maritime industry.

Conclusion

The collaboration between HD Hyundai and TerraPower marks a promising step forward in the nuclear energy sector. By utilizing cutting-edge technology and fostering an innovative supply chain, these companies are not only paving the way for commercialization of safe nuclear reactors but also heralding a new era of sustainable energy solutions that could shape the future of power generation globally.