Financial Ports

HD Hyundai Unites 12 Korean Giants to Fast-Track Marine Nuclear Power

CLAVE 1 / 4South Korea’s shipbuilding giant HD Hyundai Heavy Industries has launched a marine small modular reactor (SMR) testing hub, uniting 11 domestic organizations to accelerate nuclear-powered shipping technology.

CLAVE 2 / 4In 2024, HD KSOE began collaborating with TerraPower—a nuclear innovation company backed by Bill Gates—and CORE POWER to develop marine reactors based on TerraPower’s molten chloride fast reactor technology.

CLAVE 3 / 4The same year, Gates met with HD Hyundai’s executive vice-chairman Chung Kisun in Seoul to strengthen cooperation, following the company’s $30 million investment in TerraPower.

CLAVE 4 / 4HD Hyundai has also translated its research into practical designs, including a nuclear electric propulsion system for a 16,000 TEU containership, which received Approval in Principle from ABS in March 2024.

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