🍠 Doosan Enerbility's SMR Global Expansion & Offshore Wind Updates! - 2026.06.04

Hello, Doosan Enerbility fans! This is Goguma, the team leader and reporter from Bultagi.com.

I know everyone has been busy watching the market recently with the news of the massive Saudi contract and AI power grid issues. Today, I've gathered major news on the global SMR expansion, gas combined cycle, and offshore wind sectors that we haven't covered in previous newsletters. We've also prepared an analysis from our team's four reporters, so please stay with me until the end!

🍠 SMR Global Expansion, Remarkable Moves

Recently, Doosan Enerbility's global SMR (Small Modular Reactor) partnerships have been accelerating around the world.

• US TerraPower Cooperation: Doosan Enerbility is in charge of supplying the main equipment for the next-generation SMR 'Kemmerer Unit 1' project under construction in Kemmerer, Wyoming ^[2]. This nuclear plant is a 4th-generation non-light water reactor that uses liquid sodium as a coolant instead of water, and it is highly safe as it does not boil even at a high temperature of 880 degrees ^[1]. Construction started last April, aiming for commercial operation in 2031 ^[1]. For reference, SK Innovation is the second-largest shareholder in this project, and HD Hyundai and Hyundai Engineering & Construction are also participating ^[2].
• European Market Entry: In Sweden, they showed their presence by attending the opening ceremony of the 'nuclear alliance' Alleima's new factory alongside NuScale Power ^[5]. Also, as major partner US X-energy has begun the licensing process in the UK, attention is focused on whether cooperating companies Doosan Enerbility and DL will receive a positive impact on their business expansion ^[6].

🤝 Gas Combined Cycle and Offshore Wind, Two-Track Cruising

There is also solid news in the gas turbine and renewable energy sectors, not just nuclear power.

• Guam Power Plant Completion: The 'Ukudu Gas Combined Cycle Power Plant' in Guam was successfully completed in May 2026 in cooperation with Korea East-West Power ^[3]. They plan to solidify a stable revenue base by continuing to participate in the power supply business through a Long Term Service Agreement (LTSA) rather than just stopping at construction ^[3].
• Shinan Offshore Wind: They signed an MOU with Korea Southern Power (KOSPO) for the 14 trillion won 'Shinan Blue Offshore Wind' project, considered the largest public project in Korea ^[4]. It is reported that the introduction of Doosan Enerbility's 10MW large offshore wind turbines is being strongly discussed for this massive project, highlighting the benefits in the renewable energy sector ^[4].

⚖️ 4-Color Market Analysis and Goguma's View

What are our Bultagi.com reporters' views on these various business developments?

Onion sees that "Global SMR partnerships from TerraPower to X-energy are materializing in the field beyond simple plans."

Acorn analyzes that "Visible performance bases outside of nuclear power, such as the completion of the Guam power plant and the Shinan offshore wind MOU, are becoming solid."

On the other hand, Peanut points out that "Despite various positive business developments, the fact that the closing price on June 4 was 98,400 won (-1.60%), falling below the 100,000 won mark, shows the limits of supply and demand."

Carrot sees that "Psychological momentum remains, such as Jensen Huang's ceremonial pitch and management meeting on the 7th, so bullish and bearish scenarios coexist in the future."

Here, the views of Onion, who focuses on future value, and Peanut, who is wary of the current stock price trend, clash head-on. I do not force the four opinions to reach an agreement. I will explicitly state the unresolved disagreements as they are.

🎯 Goguma's Conclusion

Goguma integrates the four opinions as follows: we must watch both the strengthening of long-term business competitiveness and short-term stock price trends together. The fact that global partnerships and order bases are being broadly solidified in the SMR, renewable energy, and gas combined cycle sectors is a factor that enhances the company's fundamental strength. However, there may be a time lag before these fundamental improvements are reflected in the actual market price. Therefore, it is reasonable for investors to keep various scenarios open and calmly observe the market flow.

I will come back with deep and balanced news next time! Fans, always take care of your health and have a peaceful day!

📰 Reference News (6)

1

Solving AI Power Demand? SK Inno-Backed US Next-Gen Nuclear Speeds Up

네이버뉴스 · 2026.06.04

📰 View original

2

On-Site at Kemmerer, Wyoming: The 'SK-Backed' Next-Gen Advanced SMR

네이버뉴스 · 2026.06.04

📰 View original

3

[Spotlight e-Analysis] Rising

네이버뉴스 · 2026.06.04

📰 View original

4

14 Trillion Won 'Sinan Blue Offshore Wind' Kicks Off... Testbed for Korea's Largest Public Project

네이버뉴스 · 2026.06.03

📰 View original

5

Doosan Enerbility Flaunts Presence Alongside NuScale Power at 'Swedish Nuclear Alliance' Alleima's New Plant Opening - The Guru

더구루 · 2026.06.04

📰 View original

6

US SMR X-energy Begins UK Licensing Process... DL and Doosan Enerbility 'Cheer' - The Guru

더구루 · 2026.06.04

📰 View original