Trump Rejects Iran Proposal as Tensions Persist Amid Fragile Ceasefire 
Wall Street Surges to Record Highs Amid Strong Earnings and Economic Stability 
Iran-U.S. Conflict Escalation Threatens Global Oil Supply and Economic Stability 
Yen Weakens After Intervention Spike as Dollar Stabilizes Amid Global Tensions 
US Dollar Weakens as Yen Surges Amid Japan Intervention and Central Bank Moves 
Google Secures Pentagon AI Deal for Classified Projects 
Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth 
Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges 
Asian Stock Markets Rise Amid Wall Street Rally and U.S.-Iran Tensions 
U.S. Cybersecurity Pushes Faster Patch Deadlines Amid Rising AI-Driven Threats 
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat 
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth 
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours 
Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance 
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings 
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales 
WTI Crude Oil Prices Rise Amid Iran Conflict Uncertainty 
In a pioneering move towards renewable energy, Samsung C&T Corporation is partnering with NuScale Power Corporation, alongside four other entities, for the construction of small modular reactors (SMRs) in Romania, with operations anticipated to start in 2029.
Aside from NuScale Power, Samsung C&T will work with four other groups - Nuclearelectrica, a state-run nuclear power company; Nova Power & Gas, a power supplier in Romania; E-Infra Group, an infrastructure developer; and Fluor Enterprises, an engineering company based in the United States, for the said SMR project.
As per Business Korea, the installation of the small modular reactors in Romania comes as the country is pushing forward with the construction to replace its existing power plants located in the Dobresti area. It will now use SMRs based on NuScale’s technology, and the commercial operation of the facility is expected to start in 2029.
The signing ceremony for the MOU took place this week in Bucharest, Romania, and it was attended by top executives from each company involved. They have agreed to gather and use their respective resources in all aspects of the project - from the planning to licensing to the design, financing, and EPC (engineering, procurement and construction).
Moreover, Samsung C&T and the four other companies mentioned also made the commitment to cooperate actively for the expansion of NuScale technology-based SMR business in Europe and other regions where Romania will serve as the center. The South Korean construction and engineering company officially revealed the partnerships for the deployment of SMRs in Romania on Wednesday, June 14.
Korea Joongang Daily reported that through the agreement with Samsung C&T, Romania will supplant its existing coal-fired power plant with SMRs. Under the agreement, the company will install NuScale Power’s SMR modules with a combined capacity of 462 megawatt-hours. The project may also be extended in the future to include other European regions.
Photo by: Samsung/Wikimedia Commons (Public Domain)
