Speculation US May Announce New Nuclear Plant During Korea Trade Negotiations
At a time when China, which is now leaps and bounds ahead of the US in energy generation, is building 29 nuclear power plants compared to zero for the US…
Since the last update, Russia has added one additional nuclear reactor under construction (up to 5).
China is still at 29; the US is still at 0 https://t.co/u9SnLCeFkI pic.twitter.com/2lUIFnXtOL
— zerohedge (@zerohedge) November 2, 2025
… South Korean news agencies report that the US government is proposing South Korea build a nuclear power plant in the US as part of ongoing trade negotiations. South Korea’s Industry Minister is in the U.S. this week and is scheduled to meet with Secretary Lutnik to clarify Seoul's position on a delayed Korea-U.S. trade deal.
Providing some added credibility to the report out of South Korea, Reuters reports the industry minister is scheduled to meet Secretary Wright as well before he departs February 5th.
South Korea and the US are already coordinating on multiple different ventures as previously announced last year through multiple different MOUs. Korea Hydro & Nuclear Power Co. (KHNP) is working with multiple reactor developers to further develop and progress the construction of their designs. KHNP is also working with Centrus Energy to rapidly expand enrichment capacity.
Korean industrial company Doosan Enerbility is also working with Fermi America to construct a supply chain for the four AP1000 reactors to be built at the AI mega-campus in Texas.
While the reactor that will be potentially constructed by Korea has yet to be confirmed or announced by either country, it will likely be an AP1000 to strengthen a high-demand grid and stand as a signal that the U.S. government is pursuing lower energy prices for consumers. The reactor design is licensed for use by reactor owners from Westinghouse, which is owned by Canadian companies Cameco and Brookfield.
Cameco (CCJ) happens to be Goldman Sachs' highest conviction play for the nuclear theme as all of this goes on. Goldman also recently noted “the biggest near-term potential uplift to EBITDA forecasts as through FIDs on new AP1000s, as each reactor provides ~$225mn of EBITDA generation over a ~12-year time frame.”
The first two, and only two, AP1000 designs built in the U.S. were constructed in Georgia with both horrific cost overruns and grossly overblown timelines. The nuclear industry is desperate for the opportunity to prove it has learned its lessons and can come down the cost curve. Utilizing the most proficient nuclear power plant construction teams, outside of China, is a best case scenario.
Tyler Durden
Wed, 02/04/2026 – 10:25