UPDATE: In a major development for the nuclear energy sector, HD Hyundai Executive Vice Chairman Chung Kisun met with TerraPower leadership, including founder Bill Gates, on August 22, 2025, in Seoul, South Korea. This meeting marks a critical step in expanding the nuclear supply chain and advancing the commercialization of their groundbreaking Natrium reactors.
The reunion occurred five months after their initial talks in the United States, where both companies signed a memorandum of understanding (MOU) focused on enhancing the global manufacturing supply chain for Natrium technology. During today’s discussions, leaders reviewed significant progress in supply chain expansion and commercialization efforts, indicating a strong commitment to the future of nuclear energy.
Chung Kisun emphasized the importance of this partnership, stating, “Next-generation SMR technology is a core solution for realizing sustainable future energy. Our partnership with TerraPower will serve as a turning point in building a global nuclear supply chain and advancing the transition in the energy paradigm.” This statement underscores the transformative potential of their collaboration in reshaping energy paradigms worldwide.
TerraPower’s Natrium reactors represent a pioneering approach in nuclear technology with their Generation IV small modular reactor (SMR) sodium-cooled fast reactor design. These reactors are recognized for their high thermal efficiency and superior safety features, producing approximately 40% less nuclear waste than conventional reactors. This advancement in technology positions Natrium reactors as one of the most sophisticated options available today.
Chris Levesque, President and CEO of TerraPower, highlighted the strategic importance of this partnership, stating, “HD Hyundai is not only a premier, globally recognized shipbuilder but also a key supply chain partner with deep manufacturing expertise, which will play an important role in the global nuclear industry.” His remarks reflect the shared goals of both companies to accelerate the commercialization of Natrium reactors while opening new global markets.
Additionally, HD Hyundai is intensifying efforts to develop nuclear-powered vessels, collaborating with TerraPower on molten salt reactor (MSR) technologies for potential applications in the shipbuilding sector. This cross-industry partnership illustrates the expansive potential of nuclear technology beyond traditional energy applications.
As both companies continue to advance their initiatives, the world watches closely for further developments in nuclear energy, which could significantly impact global energy strategies. The collaboration aims not only to enhance the efficiency and safety of nuclear power but also to contribute to a more sustainable energy future.
Stay tuned for more updates on this groundbreaking collaboration as it evolves, promising to reshape the landscape of the nuclear industry and the broader energy market.
