CB&I and Hyundai Engineering & Construction Forge Strategic Alliance for U.S. Nuclear Power Development
Houston, TX & Seoul, South Korea – July 1, 2025 – In a significant development poised to reshape the future of clean energy in the United States, CB&I (NYSE: CBI) and Hyundai Engineering & Construction (HDEC) today announced the signing of a Memorandum of Understanding (MOU). This landmark agreement establishes a collaborative framework for the two industry leaders to jointly explore and pursue nuclear power development projects across the United States.
The MOU signifies a powerful synergy between CB&I’s extensive experience in engineering, procurement, and construction (EPC) services for complex infrastructure projects, particularly within the energy sector, and HDEC’s proven track record as a global leader in the construction of major industrial facilities, including a substantial portfolio of nuclear power plants. This strategic alliance aims to leverage their combined expertise, technological capabilities, and robust project execution skills to deliver safe, reliable, and cost-effective nuclear energy solutions.
The United States is increasingly focused on diversifying its energy portfolio and achieving ambitious decarbonization goals. Nuclear power, with its inherent low-carbon emissions and consistent baseload energy generation, is recognized as a critical component in this transition. CB&I and HDEC are positioning themselves to meet this growing demand, offering comprehensive capabilities that span the entire lifecycle of nuclear power plant development, from initial feasibility studies and design to construction, commissioning, and potentially long-term operational support.
“We are thrilled to partner with Hyundai Engineering & Construction, a company renowned for its global leadership in nuclear power plant construction,” said [Name and Title of CB&I Representative], at the signing ceremony. “This collaboration underscores our commitment to advancing clean energy solutions in the United States. By combining our respective strengths, we are confident in our ability to contribute significantly to the nation’s energy security and environmental sustainability objectives through the development of new nuclear facilities.”
Echoing this sentiment, [Name and Title of HDEC Representative] commented, “This MOU represents a pivotal moment for Hyundai Engineering & Construction as we deepen our engagement in the U.S. market. CB&I’s deep understanding of the domestic regulatory landscape and their established presence in the U.S. industrial sector make them an ideal partner. Together, we are ready to bring world-class nuclear construction expertise and innovation to support the United States’ vital energy infrastructure needs.”
The specific projects and scope of work to be explored under this MOU will be determined through ongoing discussions and evaluations. However, the agreement signals a strong intent to address the burgeoning need for new nuclear generation capacity, which plays a crucial role in providing stable, carbon-free electricity to power communities and industries across the nation.
This strategic alliance between CB&I and Hyundai Engineering & Construction is a testament to the evolving landscape of the global energy industry and the shared commitment of leading companies to drive progress in clean, sustainable energy solutions. The collaboration is expected to create significant opportunities and contribute to the robust growth of the nuclear power sector in the United States.
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