HD Hyundai Heavy Industries has announced a strategic investment of 1.07 trillion won, equivalent to approximately 799 million dollars, to expand its manufacturing capabilities. This capital will be directed toward the construction of specialized facilities for land-based power engines and small modular reactors. The company aims to address the surging electricity requirements driven by the rapid expansion of artificial intelligence data centers. A significant portion of this funding, totaling 833.6 billion won, is allocated for a new production site in Onsan, Ulsan. This facility is designed to achieve an annual power generation capacity of 3 gigawatts and will feature integrated infrastructure for engine assembly, testing, and the machining of crankshafts.
Source : The Korea Herald
Photo : The Korea Herald
