Hyundai Eng sets roadmap for SMR and hydrogen for leadership in new energy
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According to its roadmap for future reactor and energy engineering, the company will expand business in small and micro modular reactors, hydrogen production, nuclear power plant decommissioning, and nuclear fuel manufacturing. Based on its design and manufacturing technologies, the firm will build up competitive edge in the SMR sector.
It plans to secure engineering, procurement, and construction (EPC) rights for micro module reactor (MMR) building in Canada, the United States, and Poland by 2029, based on its current MMR project in Chalk River, Canada. It also plans to mass-produce hydrogen using high temperatures through technological advancement.
It aims to ready for decommissioning and dismantling demand in Korea.
Based on its experience in the OYSTER research reactor project in the Netherlands, it hopes to join projects in countries, such as South Africa and Bangladesh.
“We will solidify our presence in the SMR sector and bolster our eco-friendly business portfolio, contributing to carbon neutrality,” said an official from the company.
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