Hyundai Engineering announced on the 24th that it had invited Professor Hyun Gook Kang of Rensselaer Polytechnic Institute (RPI) in the United States to hold an in-house seminar on trends in the North American nuclear power and small modular reactor (SMR) industries and their regulatory environment.

The seminar covered market trends and regulatory frameworks for the North American nuclear power and SMR industries, licensing procedures, and business outlook. During the Q&A session that followed the lecture, discussions focused on SMR technology development status, business feasibility, and key issues related to licensing.

As the artificial intelligence (AI) industry grows and data centers expand, electricity demand is rising and interest in SMRs as a stable, low-carbon power source is also increasing. In particular, as demand for securing power supply grows among big tech companies and data center operators in North America, business opportunities are expected to expand for companies equipped with nuclear power plant design and EPC capabilities.

Hyundai Engineering currently has approximately 250 design references in the nuclear power sector. On this basis, the company is pursuing the acquisition of core technologies in the SMR field, while also reviewing joint development and strategic investment cooperation with global SMR technology companies.

The company plans to secure both technology development and business development capabilities in future SMR projects, going beyond performing engineering, procurement, and construction (EPC).

It is also expanding research and development and technical reviews in the nuclear fusion sector. In June, Hyundai Engineering signed a business agreement with the Korea Institute of Fusion Energy for the “development of core technologies for a Korean innovative fusion reactor to accelerate the realization of fusion energy.”

A Hyundai Engineering official said, “Through this seminar, we shared the regulatory environment and technology trends in the North American nuclear power market,” adding, “We plan to strengthen technological competitiveness in future energy sectors such as SMRs and nuclear fusion and to identify related business opportunities.”

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