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- Westinghouse and Hyundai E&C Partner to Expand AP1000® Technology in Sweden and Finland
Westinghouse and Hyundai E&C Partner to Expand AP1000® Technology in Sweden and Finland
Slice of Construction Team
September 11, 2024
Key Highlights:
Westinghouse and Hyundai E&C sign teaming agreement to pursue AP1000® opportunities in Sweden and Finland.
AP1000® technology is the only Generation III+ reactor with fully passive safety systems and modular construction.
This collaboration builds on a 2022 strategic cooperation agreement between the two companies.
Vattenfall and Fortum explore new nuclear projects with Westinghouse in Sweden and Finland.
Source (Business Wire)
Notable Quotes:
“For more than half a century, Westinghouse has proudly supported Vattenfall in delivering clean, safe and reliable energy from the Ringhals Nuclear Power Plant, which is based on Westinghouse design."
“Based on the long-standing trust and partnership between Hyundai E&C and Westinghouse, which dates back to 1971, we will exert our best teamwork to maximize the synergies of both companies for success.”
Our Take:
The teaming agreement between Westinghouse and Hyundai E&C represents a significant step forward in the development of next-generation nuclear power in Europe. With both Sweden and Finland prioritizing energy security and sustainability, this partnership will help address growing energy demands while reinforcing the role of nuclear power as a key contributor to carbon-free energy production. The proven track record of AP1000 technology, combined with Hyundai’s extensive engineering capabilities, positions this collaboration to be highly successful in the region, setting a new standard for nuclear innovation and safety in Scandinavia.