SK Group mulls multi-billion-dollar investment in Westinghouse stake

What happened: SK Group is considering a strategic investment in US nuclear power company Westinghouse Electric through a consortium with other Korean companies, per reports Wednesday. Samsung C&T, Hyundai E&C, and Doosan Enerbility are reportedly considering joining the SK-led consortium. Key numbers: Up to $120 billion of Korea's $200 billion investment fund would build eight large-scale nuclear reactors in Why it matters: The move would expand SK's nuclear strategy beyond small modular reactors into conventional nuclear, including large-scale reactor design, nuclear fuel and maintenance.

SK Group is considering a strategic investment in US nuclear power company Westinghouse Electric through a consortium with other Korean companies, per reports Wednesday. Samsung C&T, Hyundai E&C, and Doosan Enerbility are reportedly considering joining the SK-led consortium.

The move would expand SK's nuclear strategy beyond small modular reactors into conventional nuclear, including large-scale reactor design, nuclear fuel and maintenance.