Accelerating Entry into the US SMR Market,
On the 25th (local time), Korea Hydro & Nuclear Power signed a memorandum of understanding in Washington, D.C. with Amazon, X-energy, and Doosan Enerability to collaborate on a small modular reactor (SMR) project in the United States.ⓒKorea Hydro & Nuclear Power, ‘[Dailyan = Reporter Lim Eun-seok] Korea Hydro & Nuclear Power announced on the 26th that it will collaborate on a US SMR project with Amazon, X-energy, and their equipment supply partner, Doosan Enerability.’,
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, “These companies signed a memorandum of understanding at the Willard InterContinental Hotel in Washington, D.C. on the 25th (local time) and agreed to actively collaborate on a power supply project for data centers and industrial use in the United States, led by Amazon, based on X-energy’s next-generation SMR, the ‘Xe-100’.”,
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, ‘Through this agreement, Amazon aims to adopt a tailored SMR solution to achieve its clean energy goals and ensure stable power supply. To this end, Korea Hydro & Nuclear Power and X-energy will work closely together.’,
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, ‘The two companies will participate throughout the entire SMR project cycle, including design, construction, financing, operations and maintenance (O&M), supply chain assessment, and business development. They plan to effectively respond to Amazon’s large-scale data center power demands while Korea Hydro & Nuclear Power aims to solidify its US SMR business.’,
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, ‘X-energy, with support from the US Department of Energy (DOE), is pushing for the commercialization of the Xe-100, and has currently applied for a construction permit from the US Nuclear Regulatory Commission (NRC) to build a nuclear plant at the Dow Chemical site in Texas.’,
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, ‘Amazon, following a strategic agreement with X-energy in 2024, aims to construct more than 60 units of Xe-100 by 2039 to supply a total capacity of over 5GW through new nuclear plants.’,
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, “Additionally, Amazon has signed the ‘Large Energy Users Pledge’ to at least triple global nuclear capacity by 2050.”,
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, ‘With its accumulated expertise in nuclear plant design, construction, and operation, Korea Hydro & Nuclear Power plans to accelerate the expansion of the global SMR business through partnerships with Amazon, X-energy, and Doosan Enerability.’,
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, ‘Through this, they aim to create tangible outcomes responding to power demands of data centers and industries within the US, while establishing a firm foothold in the local market.’,
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, ‘Hwang Ju-ho, president of Korea Hydro & Nuclear Power, stated, “As countries around the world increasingly wish to adopt SMRs in response to the climate crisis and for securing energy security, competition in SMR development is intensifying. Through this collaboration with the US, we will support Amazon’s vision for clean energy and simultaneously strengthen Korea Hydro & Nuclear Power’s capabilities to lead the global SMR market.”‘,