The TerraPower-SK Innovation-KHNP three-way partnership signed a commercialisation agreement framework in 2026 targeting global SMR deployment. The companies plan to sign definitive commercialisation agreements within the first half of 2026 to establish a foundation for SMR projects in North America and beyond. SK Innovation combines energy and materials expertise; KHNP brings 50 years of nuclear plant construction and operation; TerraPower provides the Natrium technology. The partnership targets data centres, industrial sites, and grid power in Korea and overseas.