Programmes and agreements / prg-kr-terrapower-sk-innovation-natrium-term-sheet

TerraPower and SK Innovation term sheet to develop Korea's first commercial Natrium plant (2026)

TerraPower and SK Innovation announced a term sheet in August 2026 to advance their intent to develop Korea's first commercial Natrium plant and expand internationally. The agreement also expands SK Innovation's participation in TerraPower's US demonstration and later commercial projects. No site, capacity, schedule or licence application in Korea is named.

Not a deployment project. SMR plans, agreements, studies and government programmes that are not (yet) a single deployment project. They are listed separately and are never counted as projects or reactors.

Type

Cooperation agreement or MOU

Countries concerned

South Korea

Participants and roles

• Developer or vendor: TerraPower
• Other participant: SK Innovation

Designs named

Natrium

Scale as stated

Not stated by the sources

Announced or first reported

Aug 2026

Status

Active
Term sheet of intent, no site, capacity, schedule or licence application in Korea.

Confidence

low

Last checked

2026-10-14 (record review date, not proof of current activity)

Related deployment projects

• No related deployment project is recorded here.

Sources

• TerraPower expands cooperation with Korean partners (reputable_press, published 14 Aug 2026, accessed 2026-10-14)