As the next-generation nuclear power market expands, TerraPower is moving to cooperate with Korean companies one after another, drawing growing attention to the advanced nuclear industry, including small modular reactors (SMRs). In the domestic stock market, interest is expected to continue regarding the future business environment of related companies such as Woori Technology, which operates nuclear instrumentation and control and other nuclear-related businesses.

■ HDEC Selected as EPC Contractor for Up to Eight Natrium Reactors

TerraPower announced that, following a meeting held in Seoul, it signed a basic agreement with HDEC to support the commercialization of the Natrium reactor.

Under the agreement, TerraPower selected HDEC as the engineering, procurement, and construction (EPC) contractor for the future construction of up to eight Natrium reactors. The two sides plan to cooperate in facilitating the commercial financing of the project through price and performance guarantees during the reactor construction process.

Through this partnership, TerraPower plans to simplify its cost structure, improve design and construction efficiency, and strengthen its global supply chain. Based on this, the company aims to deploy Natrium reactors across the United States and in select overseas markets to accelerate commercialization.

■ Push to Develop Korea's First Commercial Natrium Plant with SK Innovation

Cooperation for the Natrium reactor business within Korea is also being pursued. TerraPower and SK Innovation signed a contract to pursue the development of Korea's first commercial Natrium plant and expansion into overseas markets.

The two companies plan to explore ways to optimize nuclear plant operations and maintenance by utilizing TerraPower's digital twin technology and artificial intelligence (AI) capabilities. They will also review cooperation opportunities in the fields of engineering and digital innovation solutions.

■ TerraPower CEO Chris Levesque: A New Opportunity for International Cooperation with Major Korean Institutions

Chris Levesque, President and CEO of TerraPower, stated that this cooperation will serve as an opportunity to launch new international partnerships with major Korean institutions. The plan is to combine TerraPower's advanced nuclear technology with Korea's expertise in nuclear plant construction and operation to expand global cooperation and accelerate the deployment of Natrium reactors.

Based on these agreements, TerraPower intends to expand the adoption of next-generation nuclear technology in global markets, including the United States and Korea. Its goal is to establish an advanced nuclear power generation foundation featuring reliability, scalability, and price competitiveness.

■ Attention on Market Expansion Across Korea's Entire Nuclear Ecosystem… No Direct Participation by Woori Technology

As commercialization efforts for next-generation nuclear power become more concrete, attention is also focusing on Korea's nuclear power industry as a whole. If SMRs and next-generation reactors move into the actual construction phase, market expansion across the entire nuclear ecosystem—including not only design and construction but also instrumentation and control, maintenance, and equipment—may draw significant attention.

Woori Technology is a domestic company engaged in nuclear instrumentation and control-related businesses, and it has been cited in the market as a related stock amid changes in the nuclear industry and policy. However, the announced agreements among TerraPower, HDEC, and SK Innovation did not include any mention of Woori Technology's direct participation. Accordingly, rather than directly linking this cooperation to Woori Technology's business, it should be watched from the perspective of the broader industry trend of global next-generation nuclear commercialization taking off in earnest.

[This article is not intended to recommend the purchase or sale of any specific stock. Stock prices may fluctuate sharply depending on corporate performance, disclosures, supply and demand, and market conditions, and any losses and responsibilities arising from investment rest with the investor. AI provided partial assistance.]