Saturday, June 25 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Jun 20
Week of Jun 13
Week of Jun 06
Week of May 30
Week of May 23
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    SK inks initial deal with U.S. firm in push to enter small-sized nuclear reactor biz

    May 17, 2022 - Yonhap News Agency


      SEOUL, May 17 (Yonhap) -- SK Inc., the holding firm of South Korea's No. 2 conglomerate SK Group, said Tuesday it has signed an initial agreement with a U.S. nuclear power venture founded by Microsoft founder Bill Gates, as it seeks to tap into the small-sized nuclear power reactor business.

      The agreement was signed between TerraPower, a Washington-based nuclear reactor design and development engineering firm, SK Inc. and SK Innovation Co., the oil refining affiliate, in Seoul, SK said in a release.

      SK did not provide any details about the partnership, including the size of investment.

      The small-sized nuclear reactor, known as the small modular reactor (SMR), is a type of lower-maintenance nuclear fission reactor that is smaller than conventional reactors. It is cited as a key power plant instrumental in achieving carbon neutrality in the long-term.

      TerraPower was established by Gates in 2006 and aims to build its first reactor in Wyoming by 2028.

      Yonhap News Agency>


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.