Westinghouse Electric Company and Hyundai Engineering & Construction (E&C) have entered a teaming agreement to collaborate on AP1000® nuclear technology projects in Sweden and Finland.
Under this agreement, Westinghouse will contribute its advanced AP1000 technology design, which is widely recognized and deployed globally, while Hyundai E&C will provide its renowned industrial engineering and construction services. This collaboration builds on a strategic cooperation agreement signed in 2022, in which both companies agreed to jointly pursue AP1000 plant opportunities worldwide.
The announcement follows Vattenfall’s February 2023 plans to begin new nuclear projects at the Ringhals site, aiming to have the first reactor operational by the early 2030s, with key decisions regarding reactor types expected this year. Additionally, Fortum and Westinghouse signed a Memorandum of Understanding (MoU) in June 2023 to explore the potential for new nuclear plants in Finland and Sweden.
“For more than 50 years, Westinghouse has supported Vattenfall in delivering clean, safe, and reliable energy from the Ringhals Nuclear Power Plant, based on Westinghouse technology,” said Daniel S. Lipman, President of Westinghouse Energy Systems. “Teaming up with Hyundai, a world-class EPC company, allows us to bring our proven AP1000 technology and Hyundai’s construction expertise to enhance energy security in Sweden and Finland for the next century.”
Hyundai E&C’s CEO & President, Young-joon Yoon, expressed confidence in the partnership, highlighting Hyundai’s extensive experience in nuclear EPC projects: “With 24 large-scale nuclear power plants constructed globally, Hyundai has developed unparalleled technical expertise and project management skills. Our long-standing partnership with Westinghouse, which began in 1971, will drive the success of this collaboration.”
The AP1000 reactor is the only Generation III+ reactor currently operating, featuring passive safety systems, modular construction, and the smallest footprint per megawatt of energy produced. Four AP1000 reactors are already operational in China, with eight more under construction and additional projects underway in Poland, Ukraine, Bulgaria, and beyond. By the end of this decade, there will be 18 AP1000-based reactors in operation worldwide.
Westinghouse Electric Company continues to lead the transition to carbon-free energy with its innovative nuclear technologies. Having introduced the world’s first commercial pressurized water reactor in 1957, Westinghouse’s technology now powers nearly half of the world’s nuclear plants. With over 135 years of innovation, the company remains a trusted partner in the global nuclear industry, delivering solutions across the entire nuclear energy lifecycle.
