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S. Korea's DHIC to invest additional $60 million in US-based NuScale Power
Doosan Heavy Industries & Construction Co. (DHIC) will invest US$60 million to expand its stake in US-based NuScale Power LLC., a small modular reactor (SMR) maker.
South Korea’s top power plant builder already invested $44 million in the unlisted SMR maker in 2019 and signed a deal to provide core parts to be used for the construction of SMRs, a light water reactor for nuclear power plants.
DHIC did not reveal how much stake it will own in the US company.
The investment in NuScale Power will enable DHIC to win more contracts to supply parts for SMRs.
The two companies also agreed to join forces for the hydrogen and freshwater production business using SMRs.