KEPCO KPS has signed a trilateral memorandum of understanding (MOU) with X-energy and DL E&C for the development of technology and business related to non-light water reactor-type fourth-generation small modular reactors (SMRs). KEPCO KPS, known for nuclear plant expertise, will collaborate on standard operating procedures and maintenance for X-energy's "Xe-100" model. X-energy, a leading SMR developer, utilizes high-temperature helium gas coolant and aims for commercialization by 2029. It secured significant funding from the US government and the private sector. DL E&C, which has extensive experience in various nuclear power projects, made a strategic investment of US$20 million in X-energy in January last year and is fostering SMRs as a future growth engine. Through this agreement, DL E&C expects to expand its SMR plant business and collaborate on technology development across the entire life cycle of SMRs, including not only SMR EPC but also operations and maintenance.
KEPCO KPS has signed a trilateral memorandum of understanding (MOU) with X-energy and DL E&C for the development of technology and business related to non-light water reactor-type fourth-generation small modular reactors (SMRs). KEPCO KPS, known for nuclear plant expertise, will collaborate on standard operating procedures and maintenance for X-energy's "Xe-100" model. X-energy, a leading SMR developer, utilizes high-temperature helium gas coolant and aims for commercialization by 2029. It secured significant funding from the US government and the private sector. DL E&C, which has extensive experience in various nuclear power projects, made a strategic investment of US$20 million in X-energy in January last year and is fostering SMRs as a future growth engine. Through this agreement, DL E&C expects to expand its SMR plant business and collaborate on technology development across the entire life cycle of SMRs, including not only SMR EPC but also operations and maintenance.