# Hyundai Engineering expansion into SMR market

> Developing situation record from CLSTR: https://clstr.news/situations/hyundai-engineering-expansion-into-smr-market
> Updated: 2026-11-02T00:30:40.000Z. Sources: 8. Developments: 2.

Hyundai Engineering has initiated several partnerships with United States based nuclear developers to enter the global small modular reactor (SMR) market. In late October 2026, the company signed memorandums of understanding with NANO Nuclear Energy and ARC Clean Technology. These collaborations involve the KRONOS Micro Modular Reactor project at the University of Illinois Urbana-Champaign and a sodium-cooled fast reactor project involving the ARC-100 reactor.

Following these developments, Hyundai Engineering & Construction signed a five-year Master Services Agreement with First American Nuclear (FANCO) in early November 2026. This agreement focuses on the EAGL-1 project, which utilizes a liquid metal fast reactor design. Through these various agreements, Hyundai aims to integrate its engineering, procurement, and construction expertise into the development and deployment of next-generation nuclear technologies.

## Timeline

### 2026-11-02: Hyundai Engineering & Construction signs SMR agreement with FANCO

Hyundai E&C signed a five-year agreement with US-based FANCO to support the development and design of the EAGL-1 small modular reactor project.

4 sources. https://clstr.news/cluster/hyundai-engineering-construction-signs-smr-agreement-with-fanco

### 2026-10-27: Hyundai Engineering partners with US firms for SMR market expansion

Hyundai Engineering has signed MOUs with US firms NANO Nuclear Energy and ARC Clean Technology to expand into the global small modular reactor market through EPC and demonstration projects.

6 sources. https://clstr.news/cluster/hyundai-engineering-signs-mous-with-us-nuclear-firms

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Cite as: Hyundai Engineering expansion into SMR market. CLSTR, https://clstr.news/situations/hyundai-engineering-expansion-into-smr-market