Sept 10, 2024 11:08 AM Eastern Daylight Time
STOCKHOLM--(BUSINESS WIRE)--Westinghouse Electric Company and Hyundai Engineering & Construction Company have signed a teaming agreement to pursue AP1000® technology opportunities in Sweden and Finland.
Under this teaming agreement, Westinghouse will provide the design and development of its industry-leading, globally deployed AP1000 technology, and Hyundai Engineering & Construction will provide its globally recognized industrial engineering and construction services for the project. This agreement builds upon a 2022 strategic cooperation agreement between the two companies to jointly participate in global AP1000 plant opportunities.
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This announcement follows plans unveiled by Vattenfall in February to initiate new nuclear power projects at Ringhals, with aspirations to have the first reactor operational in the early 2030s and critical decisions regarding reactor types this year. Moreover, Fortum and Westinghouse signed a MoU in June 2023 to explore the potential and prerequisites for new nuclear plants in Finland and Sweden....
Read the full news release here
