They aim to step up efforts to enhance practical capabilities for the business such as establishing local supply chains based on a global nuclear power plant technology partnership.“Hyundai E&C and Holtec have been cooperating in various projects such as the first SMR construction in Palisades, Michigan, as well as the entire nuclear energy cycle including the dismantling of nuclear power plants and the construction of temporary facilities for spent nuclear fuel storage since a partnership deal on joint SMR development and business expansion in 2021,” the Hyundai E&C official.
Great British Nuclear plans to select two of four finalists by the end of this year and start building SMRs.“We aim to succeed in the UK’s first SMR project and strengthen our position in the European nuclear power plant market while speeding up the diversification of our global nuclear power plant business portfolio,” said a Hyundai E&C official in Seoul.
South Korea’s Hyundai Engineering & Construction Co.(Hyundai E&C) in partnership with US Holtec International Corp.is likely to compete against GE Hitachi Nuclear Energy, Westinghouse Electric Company LLC and Rolls-Royce SMR for the UK’s first small modular reactor project.
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