ja 日本語
ja 日本語 en_US English
  • Login
Sustainability Business Intelligence for Corporates and Financial Institutions
  • Home
  • Solutions
    • Carbon Accounting & Carbon Neutral Strategy
    • ESG, CSR, & Sustainability Reporting
    • Sustainability Strategy
    • ESG Regulatory Compliance
    • Portfolio Management & Reporting
  • Products
    • EPIC for Corporates
    • ZENO for Financial Institutions
  • Insights
    • ESG News
    • ESG Industry Reports
  • About Us
Request Demo
Seneca ESG
  • Home
  • Solutions
    • Carbon Accounting & Carbon Neutral Strategy
    • ESG, CSR, & Sustainability Reporting
    • Sustainability Strategy
    • ESG Regulatory Compliance
    • Portfolio Management & Reporting
  • Products
    • EPIC for Corporates
    • ZENO for Financial Institutions
  • Insights
    • ESG News
    • ESG Industry Reports
  • About Us
Request Demo
Seneca ESG

SK Group Invests USD250m in SMR Developer TerraPower

by Seneca ESG
2023-09-20

SK Group [034730:KS] will invest USD250m in TerraPower, a US small modular reactor (SMR) startup founded by Bill Gates, as reported by The Korea Herald on August 15. SMRs are nuclear reactors that are significantly smaller than conventional reactors, enabling users to deploy nuclear power where large reactors are not viable. In addition, SMR technology has the potential to significantly reduce nuclear waste compared to traditional reactors while maintaining a high level of safety. According to SK Group President Chey Tae-won, SK’s goal is to accelerate the achievement of carbon neutrality in South Korea and Southeast Asia through the use of new generation SMRs. This is the first investment in TerraPower from SK Group. According to an industry source in April of this year, SK Group planned to acquire 10% of TerraPower’s shares.

In 2021, SK Group proposed achieving zero emissions ahead of the global carbon neutrality objective of 2050, with plans to reduce carbon emissions by 200m tons by 2030 (about 1% of the worldwide carbon reduction target of 21bn tons). Since then, SK has been interested in SMR as a low-carbon, safe energy source. SK will participate in TerraPower’s project to commercialize next-generation SMRs with the investment. In addition to SK Group, other firms are also increasing their footprint in the SMR business. South Korea’s Doosan Enerbility [034020:KS] has recently inked a deal to supply SMR equipment to US power company NuScale Power [SMR:US]. NuScale Power can build up to 12 SMRs under the deal, each of which can create 77 megawatts (MW) of power, for a total of 924 MW of power.

Sources:

https://www.koreaherald.com/view.php?ud=20220815000183&np=1&mp=1

https://finance.sina.com.cn/tech/it/2022-08-16/doc-imizmscv6429087.shtml

http://chinese.joins.com/news/articleView.html?idxno=107489

https://www.163.com/dy/article/HETGF3JU0519EO06.html?f=post2020_dy_recommends

https://www.kedglobal.com/cn/%E6%96%97%E5%B1%B1%E8%83%BD%E6%BA%90/newsView/ked202204260010

https://www.sohu.com/a/470930151_275039

https://www.sk.com.cn/5-1SKnew-main.html?id=991293096069169152

関連

Tags: Nuclear EnergyResource Use EnergySk GroupSouth Korea

RELATED ARTICLES

World Bank, Brazilian State Bank Reach USD400m Collaboration in Amazon Recovery
2023-09-21

US Treasury Releases Voluntary Principles for Net-Zero Financing and Investment

2023-09-21
US Treasury Releases Voluntary Principles for Net-Zero Financing and Investment
2023-09-21

Mercedes-Benz to Buy 50,000 Tons of Low-Carbon Steel Annually from US Steelmaker

2023-09-21
World Bank, Brazilian State Bank Reach USD400m Collaboration in Amazon Recovery
2023-09-21

World Bank, Brazilian State Bank Reach USD400m Collaboration in Amazon Recovery

2023-09-21

Request ESG Software Demo

Email must be formatted correctly
Thank you for your interest in Seneca ESG. We will be in contact shortly.
Contact Us
Twitter
Linkedin

Start Using
The Seneca ESG Toolkit
Today

Monitor ESG performance in portfolios, create your own ESG frameworks, and make better informed business decisions.

Interested?
Contact us now!

In order to contact us please fill the form on the right or directly email us to the address below 

info@senecaesg.com

Our offices

Singapore Office

Seneca Technologies Pte. Ltd.
133 New Bridge Road #10-03
Chinatown Point,
Singapore 059413

Taipei Office

Seneca Technologies Pte. Ltd.
Taiwan 7/F, 77 Dunhua South Road, Section 2 Da’an District, Taipei City, Taiwan 106414
(+886) 02-2706 2108

Shanghai Office

Seneca (Shanghai) Ltd. 45 Nanchang Road, Suite 5D Shanghai, China 200020
(+86) 021 3330 0075

Sign up for our weekly newsletter

Get the latest global ESG policies, market developments, and use cases.

© 2023 • Seneca • All rights reserved

  • ESG, CSR, & Sustainability Reporting
  • ESG Data Collection and Management
  • ESG Scoring and Target Setting
  • ESG Report Writing (ISSB, GRI, SASB, TCFD, CSRD)
  • Sustainability Strategy
  • Materiality Assessment
  • ESG Ratings Analyses and Improvement
  • ESG Performance Analyses and Benchmarking
  • ESG Regulatory Compliance
  • Stock Exchange Reporting
  • EU Taxonomy Reporting (CSRD, SFDR, PAI)
  • Portfolio Management & Reporting
  • Portfolio Custom Scoring and Screening
  • Portfolio Analyses and Benchmarking
  • Product and Firm Level Regulatory Reporting (SFDR)
  • Carbon Accounting & Carbon Neutral Strategy
  • Carbon Inventory (GHG Protocol)
  • Based Target Setting (SBTi) Carbon
  • Carbon Neutral Strategy
  • About Us
Facebook-f Linkedin Twitter Weixin
© 2023 • Seneca • All rights reserved

© 2023 • Seneca • All rights reserved

Facebook-f Linkedin Twitter Weixin qr_code
  • ESG, CSR, & Sustainability Reporting
  • ESG Data Collection and Management
  • ESG Scoring and Target Setting
  • ESG Report Writing (ISSB, GRI, SASB, TCFD, CSRD)
  • Sustainability Strategy
  • Materiality Assessment
  • ESG Ratings Analyses and Improvement
  • ESG Performance Analyses and Benchmarking
  • ESG Regulatory Compliance
  • Stock Exchange Reporting
  • EU Taxonomy Reporting (CSRD, SFDR, PAI)
  • Portfolio Management & Reporting
  • Portfolio Custom Scoring and Screening
  • Portfolio Analyses and Benchmarking
  • Product and Firm Level Regulatory Reporting (SFDR)
  • Carbon Accounting & Carbon Neutral Strategy
  • Carbon Inventory (GHG Protocol)
  • Based Target Setting (SBTi) Carbon
  • Carbon Neutral Strategy
  • About Us
Facebook-f Linkedin Twitter Weixin

© 2023 • Seneca • All rights reserved

  • Home
  • Solutions
    • Carbon Accounting & Carbon Neutral Strategy
    • ESG, CSR, & Sustainability Reporting
    • Sustainability Strategy
    • ESG Regulatory Compliance
    • Portfolio Management & Reporting
  • Products
    • EPIC for Corporates
    • ZENO for Financial Institutions
  • Insights
    • ESG News
    • ESG Industry Reports
  • About Us
Request Demo

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In