Hanwoo Lee, CEO of Hyundai Engineering & Construction, and Honglim Yoo, President of Seoul National University, signed an agreement on the 14th to develop and commercialize fusion reactor technology.
Fusion power is a technology that generates energy by heating fuels such as hydrogen to an ultra-high temperature of over 100 million degrees Celsius in a plasma state to fuse atomic nuclei. It has abundant raw materials and a low risk of explosion. It produces minimal emissions and radioactive waste, making it a promising future energy source.
Hyundai Engineering & Construction has played a leading role in the construction and commercialization of fusion power plants based on its extensive experience in various plant projects, including large nuclear power plants and small modular reactors. Seoul National University has developed core technology to miniaturize fusion systems and participated in the world's first commercial fusion power project led by the UK Atomic Energy Authority.
Hanwoo Lee, CEO of Hyundai Engineering & Construction, said, "Fusion power will move beyond the laboratory to the construction of demonstration and commercial reactors, marking a meaningful milestone that creates tangible value." Honglim Yoo, President of Seoul National University, said, "This agreement is an important milestone in the history of domestic superconductivity research, and through cooperation, we hope our country can secure world-leading technology and contribute to strengthening national competitiveness."
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