What is the nature and scope of the preliminary agreement between TerraPower and SK Innovation?

The preliminary global agreement between TerraPower and SK Innovation enables SK Innovation—the parent of South Korea's largest oil refiner—to participate in the development of TerraPower's small modular reactor (SMR) projects both in the United States and overseas; however, the Seoul Industry Ministry did not disclose financial terms or the specific scope of investment.

What is the status and timeline of TerraPower's flagship Natrium reactor project in Wyoming?

TerraPower's sodium-cooled Natrium reactor project in Kemmerer, Wyoming—backed by Bill Gates—has received a construction permit from the U.S. Nuclear Regulatory Commission in March, and the company is targeting commercial operation by 2031.

U.S. TerraPower, South Korea's SK Innovation sign preliminary deal on global SMR projects

Aug 14, 2026

U.S. TerraPower and SK Innovation signed a preliminary global agreement for small modular reactor (SMR) projects, enabling SK's participation in development while Doosan Enerbility secured component manufacturing contracts amidst rising AI-driven energy demand.

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