Hyundai Engineering & Construction will break ground on a two 300-megawatt small modular reactors in Michigan under a deal with Holtec International.
Korea will include a plan to build four small modular reactors (SMRs) in the upcoming basic energy plan to be announced later this year, a senior presidential aide said Sunday.
A lack of regulations specific to small modular reactors means the process is the same as that of conventional nuclear reactors, threatening development and progress.
President Yoon Suk Yeol announced plans to transform North Gyeongsang into a hub for small modular reactors (SMRs) and clean hydrogen.
Korea plans to build three nuclear power plants and a small modular reactor to meet rising electricity demand.
KHNP CEO Whang Joo-ho addressed the "SMR & Advanced Reactor 2024" event to outline the state-run company's plan for small modular reactors.
Hyundai E&C and U.S.-based Holtec International have teamed up with British firms to bid for the U.K. Atomic Energy Authority's Small Modular Reactor project.
Korea's small modular reactor (SMR) project faces challenges as R&D budgets are cut and major U.S. projects are canceled. Despite setbacks, domestic developers see potential in the global SMR market.
If we want to protect the domestic SMR market from foreign suppliers, let alone entering overseas markets, the budget must be restored.
While next year’s research and development (R&D) budget was significantly cut as the government tightened its purse strings, nuclear power-related projects turned out to be an exception.
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