With MCFRs, TerraPower and HD Hyundai Heavy Industries also agreed last February to advance into the nuclear power plant ship market.“The Natrium technology provides crucial baseload power plus gigawatt-scale energy storage; these plants will provide reliable and flexible power to address growing energy demand,” TerraPower Chief Executive Chris Levesque said in a statement.“HD Hyundai Heavy Industries manufacturing capabilities are world-renowned, and I look forward to working with them to establish the commercial-scale production capacity that will be essential for successful deployment of multiple Natrium units globally," he added.
South Korea’s largest shipbuilder, HD Hyundai Heavy Industries Co., is deepening its partnership with TerraPower LLC, the U.S.nuclear venture firm founded by Bill Gates, to accelerate the commercialization of the next-generation small modular reactor (SMR).
The latest agreement builds on a 2024 deal, in which HD Hyundai Heavy Industries was selected by TerraPower to manufacture the reactor vessel for the first Natrium plant in Wyoming, the U.S.
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