US and South Korean companies have signed three agreements related to the deployment of small modular reactors.
Doosan Enerbility and the Export-Import Bank of Korea (Kexim) signed a memorandum of understanding to cooperate with NuScale Power. SK and Korea Hydro & Nuclear Power (KHNP) agreed to collaborate with Bill Gates’ TerraPower, while Holtec International, Korea Trade Insurance Corporation and Hyundai E&C signed a financial support agreement to “deploy Holtec’s SMR-160s globally”.
At a signing ceremony for the TerraPower agreement, the company’s president Chris Levesque spoke about the importance of bilateral relationships and global cooperation in developing nuclear technology.