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SK Innovation to expand SMR cooperation with TerraPower
🇰🇷 South Korea /Energy & Infrastructure

SK Innovation to expand SMR cooperation with TerraPower

From Chosun Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • SK Innovation will expand its partnership with TerraPower to collaborate on next-generation small modular reactors (SMRs).
  • The collaboration includes participation in TerraPower's first sodium SMR project in the United States and developing a "K-Sodium" business model for South Korea.
  • This move aims to solidify SK Innovation's position in the advanced nuclear energy sector.

SK Innovation is set to deepen its collaboration with U.S. nuclear technology firm TerraPower, focusing on the development and deployment of next-generation small modular reactors (SMRs). The partnership will see SK Innovation increase its involvement in TerraPower's "Sodium" SMR project, particularly the first U.S.-based sodium SMR initiative.

Beyond the U.S. project, SK Innovation plans to leverage this partnership to flesh out a "K-Sodium" business model. This domestic strategy aims to adapt TerraPower's advanced SMR technology for the South Korean market, potentially paving the way for future nuclear energy solutions in the country.

The expanded cooperation, formalized through a meeting between SK Innovation CEO Choo Hyung-wook and TerraPower CEO Chris Levesque in Seoul, underscores SK Innovation's commitment to advancing its capabilities in the burgeoning field of SMR technology. This strategic alignment is expected to enhance both companies' competitive edge in the global energy landscape.

DistantNews Editorial

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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