Hyundai Engineering & Construction is expanding its cooperation with Finland in next-generation energy sectors, following its involvement in large-scale nuclear power projects.
The company announced on April 12 that it held a meeting on April 10 at its headquarters in Jongno-gu, Seoul, with a Finnish economic delegation led by Ville Tavio to discuss collaboration on low-carbon solutions.
The meeting was attended by Hyundai E&C CEO Lee Han-woo and key executives, along with Jyri Järviaho and other government officials. Representatives from leading Finnish energy companies—including Steady Energy, OilOn, and Elstor—also joined the delegation to explore potential technology cooperation leveraging Hyundai E&C’s EPC (Engineering, Procurement, and Construction) capabilities.
Finland is pursuing carbon neutrality by 2035, targeting decarbonization across power generation as well as industrial, transportation, and heating sectors. A key area of cooperation is Steady Energy’s “LDR-50,” a 50MW-class small modular reactor (SMR) designed for heat production. Operating at low temperature and pressure, the reactor is considered highly safe and suitable for district heating and industrial steam supply in urban areas.
Discussions also covered advanced clean energy solutions such as industrial heat pumps to replace oil-based heating systems and technologies that convert renewable electricity into thermal energy for storage.
A Hyundai E&C official said, “We expect strong synergies between Finland’s eco-friendly technologies and our plant engineering capabilities. As energy security becomes increasingly important, we will actively expand our presence in global energy markets, including Northern Europe.”
Meanwhile, Hyundai E&C has already initiated preliminary work on new large-scale nuclear power projects in partnership with Finland’s state-owned energy company Fortum and Westinghouse Electric Company. The company has also been strengthening its foothold in the Nordic region, including hosting a local symposium in Helsinki in March this year.
