Hyundai E&C Expands Nuclear Energy Partnerships Across Northern Europe
Hyundai E&C is solidifying its role in Northern Europe's energy transition through nuclear partnerships, hosting a symposium in Finland and signing deals for small modular reactors in Sweden and molten salt reactor tech…
over 100 organizations
EUR 10 million
100 MW
What Happened
Hyundai E&C, together with American nuclear firm Westinghouse, hosted the Finland-Sweden Nuclear New Plant Symposium in Helsinki on March 10-11, drawing over 100 Northern European nuclear organizations and government officials. The company also signed a strategic memorandum for molten salt reactor technology with Dutch startup Thorizon on March 9 and discussed small modular reactor market entry with Holtec International in Stockholm on March 11.
Signed strategic MoU for molten salt reactor technology cooperation with Thorizon in Amsterdam.
Co-hosted Finland-Sweden Nuclear New Plant Symposium with Westinghouse in Helsinki.
Held discussions with Holtec International in Stockholm to enter the Swedish SMR market.
“The extensive nuclear power plant construction experience and EPC capabilities that Hyundai E&C has accumulated worldwide, combined with Westinghouse's premier global nuclear technology, will significantly contribute to the energy transition and ensure stable power supplies for Northern European nations.”
EUR 10 million
Received from the French government for the 100MW molten salt reactor, selected as an EU flagship SMR project.
Why this matters
Northern European countries are shifting to fossil-fuel-free energy to meet rising electricity demand and net-zero goals, and Hyundai E&C's nuclear projects could help supply carbon-free power while opening a new business frontier.
Terms in This Story
- SMR
- Small Modular Reactor, a type of nuclear reactor that is smaller and can be built in factories for easier deployment.
- MSR
- Molten Salt Reactor, a next-generation nuclear reactor that uses liquid fuel instead of solid fuel rods, offering enhanced safety and waste recycling.
Summarised from the linked release; details can be imperfect — always verify against the original source.