HD Hyundai Heavy Industries will invest 1.07 trillion won in land-based power generation engines and small modular reactors to expand in the AI infrastructure market. The company said the plan includes a new HiMSEN engine production base in Ulsan and a dedicated SMR manufacturing plant. Construction for the engine base is set to start in the first quarter of next year, with completion targeted for May 2028.
HD Hyundai Heavy Industries' HiMSEN land-based power generation engine / Courtesy of HD Hyundai Heavy Industries
HD Hyundai Heavy Industries will invest 1 trillion won ($746.7 million) in land-based power generation engines and small modular reactors (SMRs) to strengthen its presence in the artificial intelligence (AI) infrastructure market.
The company said in a regulatory filing Thursday that it will invest 1.07 trillion won to build a new production base for power generation engines and a dedicated manufacturing facility for SMRs.
Of that amount, HD Hyundai Heavy Industries will invest 833.6 billion won to build a new production base for its HiMSEN engines in Ulsan, with an annual production capacity of 3 gigawatts.
