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i-SMR Technology Development Project Group

company 1 Deal 1 Partner

The i-SMR Technology Development Project Group is a consortium of South Korean companies, led by Korea Hydro & Nuclear Power (KHNP), focused on developing and commercializing an innovative Small Modular Reactor (i-SMR) design. The group aims for standard design approval by 2028 and commercialization by 2030, with significant government backing.

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Nuclear Technology DeveloperDeveloperOEM/Equipment

Strategic Overview

  • The i-SMR Technology Development Project Group represents a significant national effort by South Korea to become a leader in next-generation nuclear technology.
  • The group's strategy involves securing government funding for R&D and forging international partnerships for future deployment and commercialization of i-SMRs.
  • Focus on achieving Standard Design Approval (SDA) by 2028 is a critical milestone for market entry.

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Deal Activity from Public Sources

South Korean government commits KRW 399.2 billion (approx. $300 million) in funding for i-SMR development over six years.
Financing Small Modular Reactors (SMRs), Nuclear Power South Korea July 2022 with Government of South Korea
Korea Hydro & Nuclear Power (KHNP), leading the i-SMR project, signed an MOU with CEZ for cooperation on SMRs, including i-SMR.
Partnership Small Modular Reactors (SMRs), Nuclear Power Czech Republic June 2023 with CEZ
Korea Hydro & Nuclear Power (KHNP), leading the i-SMR project, signed an MOU with Saudi Arabia's King Abdullah City for Atomic and Renewable Energy (K.A.CARE) for SMR cooperation.
Partnership Small Modular Reactors (SMRs), Nuclear Power Saudi Arabia May 2023 with King Abdullah City for Atomic and Renewable Energy (K.A.CARE)

Investment Focus

Technologies
Nuclear1
Geography
South Korea1

Detailed Analysis

Technologies
Small Modular Reactors (SMRs)Nuclear Power
Sectors
UtilitiesEnergy Transition
Geographies
South Korea (1 deal)Czech Republic (1 deal)Saudi Arabia (1 deal)
Deal Stage
Greenfield

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