Hyundai Engineering & Construction said on the 12th that it discussed cooperation in next-generation energy with a Finnish delegation, including Minister Ville Tavio of the Ministry for Foreign Affairs of Finland and Ambassador to Korea Juri Jarvioho, who visited its headquarters in Gye-dong, Jongno-gu, Seoul, on the 10th.
At the meeting, an economic delegation in the energy sector also took part, including Steady Energy, a corporations producing Small Modular Reactor (SMR) systems for district heating; Oilon, a corporations producing industrial burners and heat pumps; and Elstor, a corporations developing thermal energy storage systems and solutions.
Hyundai Engineering & Construction said the discussion focused on ways to combine Finland's thermal energy technology with its own engineering, procurement and construction (EPC) capabilities. Finland is one of the countries actively pursuing an energy transition, expanding the share of nuclear power and renewables in the electricity sector to achieve carbon neutrality by 2035.
A Hyundai Engineering & Construction official said, "As energy security has become even more important for each country due to recent Middle East risks, we will strengthen cooperation in next-generation energy infrastructure that minimizes carbon emissions," and emphasized, "We will make an all-out effort to tap the global energy market, including Northern Europe."
Hyundai Engineering & Construction has been carrying out preliminary work since last year with Fortum, a Finnish state-owned energy corporations, and Westinghouse of the United States for a new large-scale nuclear power plant construction project in Finland. In Mar., it held a symposium in Helsinki, Finland, for new nuclear plant construction and strengthened networking with related corporations, as it prepares to enter the energy markets of Northern Europe, including Finland.