US company TerraPower and South Korea’s SK Innovation sign a preliminary agreement aimed at working together on global small modular reactor (SMR) projects, according to multiple reports.
The parties describe the deal as a starting point for cooperation rather than a final contract. The agreement focuses on exploring how the companies could participate in SMR opportunities internationally, but details such as specific sites, project timelines, and commercial terms are not fully established in the preliminary stage.
Across outlets, the core facts are consistent: the arrangement is preliminary, it links TerraPower’s nuclear technology efforts with SK Innovation’s industry capabilities, and it is framed around pursuing SMR-related opportunities outside the partners’ home markets. The reporting varies mainly in how much background each outlet provides on the companies and the broader SMR push, but it does not present conflicting information about the existence or purpose of the preliminary deal.
