SK Innovation is a Korean energy and materials conglomerate that became the largest private energy company in the Asia-Pacific region after its major merger with SK E&S in November 2024. SK Innovation is an original TerraPower shareholder and sold part of its stake to KHNP in January 2026 — enabling the first Korean public energy company investment in an SMR developer. SK Innovation combines energy expertise with materials science to develop integrated SMR-plus-energy-solutions for data centres and industrial sites in Korea and globally.
SK Group