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- TerraPower to complete a 4th-generation Sodium Fast Reactor(SFR) in Wyoming, USA, by 2030
- HD Hyundai to manufacture reactor vessels for SFRs, leveraging expertise from participation in the ITER project
- SFR, a type of SMR known for its enhanced safety and reduced nuclear waste issues, gaining significant spotlight
- "We aim to lead the SMR sector as a next-generation, carbon-free power source with proven safety"
SEOUL, South Korea, Dec. 20, 2024 /PRNewswire/ -- HD Hyundai has officially partnered with TerraPower, a US-based company, to develop key components for Small Modular Reactor (SMR).
On Friday, the 20th, HD Hyundai announced that it recently secured a project from TerraPower to manufacture cylindrical reactor vessels.
The reactor vessel in this project will be integrated into TerraPower's Natrium, a 345 MW 4th-generation Sodium Fast Reactor (SFR), which is planned for installation in Kemmerer, Wyoming, USA.
The SFR, being jointly developed by HD Hyundai and TerraPower, is a type of SMR. The reactor vessel is a critical component of the SFR, containing the reactor core where nuclear fission occurs and ensuring the safe operation of the high-temperature, low-pressure coolant.
To successfully execute this project, HD Hyundai Heavy Industries, a shipbuilding affiliate of HD Hyundai, plans to actively leverage its accumulated expertise. This expertise comes from its participation in the development and production of key equipment, including vacuum vessels, for the International Thermonuclear Experimental Reactor (ITER) and Korean Superconducting Tokamak Advanced Research (KSTAR).
The SFR generates electricity by using high-speed neutrons for nuclear fission and cooling the resulting heat with liquid sodium instead of water. Among SMRs, it is noted for its high safety and advanced technology, with nuclear waste volumes only one-twentieth of conventional reactors, making it the most promising next-generation SMR.
The Natrium project aims for completion by 2030 after obtaining construction and operational permits from the U.S. Nuclear Regulatory Commission (NRC).
Globally, interest and demand for nuclear power, a carbon-free energy source, are growing to achieve carbon neutrality and enhance energy security. As the limitations of large-scale nuclear plants, such as safety concerns and public acceptance, become more evident, the global nuclear market is expected to shift toward SMR-centric.
According to SMR market report by global research firm MarketsandMarkets, the global SMR market is projected to grow from $5.7 billion in 2022 to $6.8 billion by 2030, with an average annual growth rate of 2.3%.
"SMR has significant growth potential in the global decarbonization trend," said an official of HD Hyundai. "Leveraging the expertise and capabilities built through projects such as ITER and KSTAR, we aim to lead the SMR sector, emerging as a next-generation power source."
Meanwhile, in March, HD Hyundai has played a leading role in co-founding the world's first international private organization in the field of offshore nuclear power, the Nuclear Energy Marine Organization (NEMO). Since February, the company has also been conducting joint research on SMRs with leading global nuclear power companies.
- TerraPower to complete a 4th-generation Sodium Fast Reactor(SFR) in Wyoming, USA, by 2030
- HD Hyundai to manufacture reactor vessels for SFRs, leveraging expertise from participation in the ITER project
- SFR, a type of SMR known for its enhanced safety and reduced nuclear waste issues, gaining significant spotlight
- "We aim to lead the SMR sector as a next-generation, carbon-free power source with proven safety"
SEOUL, South Korea, Dec. 20, 2024 /PRNewswire/ -- HD Hyundai has officially partnered with TerraPower, a US-based company, to develop key components for Small Modular Reactor (SMR).
On Friday, the 20th, HD Hyundai announced that it recently secured a project from TerraPower to manufacture cylindrical reactor vessels.
The reactor vessel in this project will be integrated into TerraPower's Natrium, a 345 MW 4th-generation Sodium Fast Reactor (SFR), which is planned for installation in Kemmerer, Wyoming, USA.
The SFR, being jointly developed by HD Hyundai and TerraPower, is a type of SMR. The reactor vessel is a critical component of the SFR, containing the reactor core where nuclear fission occurs and ensuring the safe operation of the high-temperature, low-pressure coolant.
To successfully execute this project, HD Hyundai Heavy Industries, a shipbuilding affiliate of HD Hyundai, plans to actively leverage its accumulated expertise. This expertise comes from its participation in the development and production of key equipment, including vacuum vessels, for the International Thermonuclear Experimental Reactor (ITER) and Korean Superconducting Tokamak Advanced Research (KSTAR).
The SFR generates electricity by using high-speed neutrons for nuclear fission and cooling the resulting heat with liquid sodium instead of water. Among SMRs, it is noted for its high safety and advanced technology, with nuclear waste volumes only one-twentieth of conventional reactors, making it the most promising next-generation SMR.
The Natrium project aims for completion by 2030 after obtaining construction and operational permits from the U.S. Nuclear Regulatory Commission (NRC).
Globally, interest and demand for nuclear power, a carbon-free energy source, are growing to achieve carbon neutrality and enhance energy security. As the limitations of large-scale nuclear plants, such as safety concerns and public acceptance, become more evident, the global nuclear market is expected to shift toward SMR-centric.
According to SMR market report by global research firm MarketsandMarkets, the global SMR market is projected to grow from $5.7 billion in 2022 to $6.8 billion by 2030, with an average annual growth rate of 2.3%.
"SMR has significant growth potential in the global decarbonization trend," said an official of HD Hyundai. "Leveraging the expertise and capabilities built through projects such as ITER and KSTAR, we aim to lead the SMR sector, emerging as a next-generation power source."
Meanwhile, in March, HD Hyundai has played a leading role in co-founding the world's first international private organization in the field of offshore nuclear power, the Nuclear Energy Marine Organization (NEMO). Since February, the company has also been conducting joint research on SMRs with leading global nuclear power companies.
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HD Hyundai Teams Up with TerraPower to Develop Core Equipment for SMRs
BEIJING, June 5, 2026 /PRNewswire/ -- Weihai, a coastal city in east China's Shandong Province, has emerged as a popular destination for tourists from the Republic of Korea (ROK) to play park golf, thanks to its pleasant environment, geographic proximity and convenient transportation links.
Park golf has gained tremendous popularity in the ROK in recent years. Weihai, located just across the sea from the ROK, has become a favored destination for ROK park golf fans, said an official from the Weihai Bureau of Culture and Tourism.
Seizing this opportunity, Weihai has renovated and developed several professional park golf courses while integrating coastal scenery, cultural experiences, wellness retreats and homestays into distinctive tourism routes.
The courses in Weihai offer wider views and beautiful surroundings, and it is very pleasant to do sports while enjoying sea breeze here, said a tourist from the ROK, adding that China's visa-free policy has made his trip to Weihai more convenient.
Statistics show that more than 37,000 overseas arrivals were recorded at the exit and entry frontier inspection stations of Weihai and Shidao in the first five months of 2026, surging over 50 percent year on year. Over 80 percent of the visitors entered under visa-free arrangements, up 36 percent from a year ago.
With the continued implementation of China's visa-free policies, the number of inbound and outbound trips is expected to maintain strong growth.
High-quality border clearance services have become an important guarantee for Weihai to build an international and visitor-friendly tourism destination. To facilitate the entry of overseas travelers, Weihai's exit and entry frontier inspection station provides "appointment-based clearance" services for large tour groups, deploying experienced officers and bilingual police personnel to offer consultation, guidance, and assistance to arriving passengers.
Meanwhile, Shidao's exit and entry frontier inspection station has established a Korean-language service team to provide on-site guidance, assist with document processing and luggage handling, and coordinate in advance with travel agencies and port and airline operators to formulate customized service plans tailored to each tour group.
Original link: https://en.imsilkroad.com/p/350901.html
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Xinhua Silk Road: Park golf tourism gains popularity among ROK tourists to Weihai, Shandong
