HD Hyundai Heavy Industries to Invest W1.07 Trillion in Power Engines, SMR Facilities

According to The Korea Herald, HD Hyundai Heavy Industries said Thursday it will invest 1.07 trillion won ($799 million) in dedicated production facilities for land-based power engines and small modular reactors as it targets rising electricity demand from artificial intelligence data centers. Of the total, 833.6 billion won will be spent on a new HiMSEN engine production base in Onsan, Ulsan, which will have an annual capacity of 3 gigawatts. The complex will include dedicated facilities for engine assembly and testing and crankshaft machining.