Key facts
- TerraPower and SK Innovation signed a preliminary global agreement on small modular reactors (SMRs).
- The agreement allows SK Group to potentially participate in TerraPower's SMR projects.
- Projects are planned in the U.S. and abroad.
- Bill Gates, co-founder of TerraPower, was present for the signing.
TerraPower and SK Innovation have established a preliminary global agreement focused on small modular reactors (SMRs). This partnership opens the door for SK Group to potentially participate in TerraPower's SMR projects, which are planned for both the United States and other international locations. The signing ceremony was attended by Bill Gates, who is the co-founder of TerraPower. This preliminary deal represents a significant step forward in the collaboration between the two entities for the advancement and deployment of SMR technology on a global scale. The agreement outlines a framework for future cooperation, though specific project details and investment levels are expected to be determined in subsequent phases. The involvement of SK Innovation, a major South Korean conglomerate with extensive energy and technology interests, suggests a strong backing for TerraPower's SMR ambitions. Bill Gates' presence underscores the importance of this collaboration for TerraPower's strategic objectives in the nuclear energy sector.