Microreactors / Ultra Safe And Hyundai Sign MMR Procurement Agreement

Companies also announce MoU to develop multi-purpose high temperature reactor
Ultra Safe And Hyundai Sign MMR Procurement Agreement
Hong Hyeon-Sung, CEO of Hyundai Engineering (right) and Francesco Venneri, CEO of Ultra Safe Nuclear. Courtesy Hyundai Engineering/Ultra Safe.
South Korean firm Hyundai Engineering and US-based microreactor developer Ultra Safe Nuclear Corporation have signed an agreement for Hyundai to use its supplier network to support procurement of materials and services for Ultra Safe’s micro modular reactor (MMR) projects globally.

The agreement extends existing collaboration in project development and deployment and builds on a business cooperation agreement signed in January 2022 and an engineering agreement signed in June 2022.

“These agreements strengthen Ultra Safe Nuclear’s ability to serve international markets deploying MMR energy systems,” Ultra Safe said.

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