HD Hyundai Heavy Industries to Invest KRW 1 Trillion in Future Engine and SMR Businesses

A new 3 GW power generation engine production facility will be established in Ulsan, targeting full-scale operations by 2028. The company will also set up a dedicated manufacturing facility for key SMR equipment.

The investment aims to meet growing demand in the energy sector and strengthen HD Hyundai Heavy Industries' position as an energy solutions provider. The global market for SMRs is projected to grow to 150 GW by 2050, presenting significant business opportunities.

The new engine facility is expected to enhance the company's capacity for large power plant components and support its SMR business development. HD Hyundai Heavy Industries stated its intention to secure core competitiveness in future energy technologies.

This strategic expansion highlights the company's commitment to advancing low-carbon energy solutions. Further details regarding the SMR facility's location and timeline have not yet been released.