Hyundai E&C and Finland Explore Cooperation on Next-Generation Energy Technologies
Hyundai E&C met with Finnish officials and energy companies to discuss collaboration on small modular reactors, heat pumps, and thermal energy storage.
50 MW
~150°C
2035
What Happened
Hyundai E&C held a meeting on April 10, 2026, at its Seoul headquarters with a Finnish delegation led by Minister Ville Tavio. The discussions focused on combining Finland's thermal energy technologies with Hyundai E&C's EPC capabilities in areas such as small modular reactors (SMRs), heat pumps, and thermal energy storage. The meeting included companies like Steady Energy, Oilon, and Elstor.
Finland aims for net zero emissions by 2035 and is actively pursuing decarbonization. Steady Energy's LDR-50 SMR, a 50 MW-class reactor designed for heat generation, operates at lower temperature and pressure than conventional nuclear plants, making it suitable for urban areas. Heat pumps and power-to-heat storage are also key technologies.
“We believe that the recent visit by Finnish government officials and innovative energy companies will serve as an opportunity to generate practical synergies between Finland’s clean technologies and Hyundai E&C’s business capabilities in areas such as energy and plant projects.”
Why this matters
The partnership leverages Finland's clean energy technologies and Hyundai E&C's construction expertise to address energy security and decarbonization goals.
Terms in This Story
- SMR
- Small modular reactor, a compact nuclear reactor designed for smaller-scale power generation.
- EPC
- Engineering, Procurement, and Construction, a common contract model for large infrastructure projects.
- heat pump
- A device that transfers heat from a source to a destination using electricity, often used for heating and cooling.
- district heating
- A system that distributes heat from a central source to multiple buildings for space heating and hot water.
Summarised from the linked release; details can be imperfect — always verify against the original source.