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TerraPower Accelerates Natrium® Reactor Deployment Following Landmark Meetings with Korean Leaders

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New agreements and strong bilateral relationships advance long-term collaborations for future commercial-scale Natrium plants

BELLEVUE, Wash., Aug. 14, 2026 /PRNewswire/ — TerraPower, a nuclear innovation company, today announced two key agreements, one with Hyundai Engineering & Construction (HDEC) and one with SK Innovation, to develop and commercialize the Natrium technology across the United States, Korea and select international markets, during a visit to Korea by TerraPower leadership.

TerraPower founder and Chairman Bill Gates, along with TerraPower President and CEO Chris Levesque met with Prime Minister Han Seong-sook and leaders from the Export-Import Bank of Korea, HD Hyundai, HDEC and SK Innovation during a packed day in Seoul.

Following the day of meetings in Seoul, TerraPower announced a framework agreement with HDEC to support the commercial deployment of Natrium reactors. Under the agreement, TerraPower selected HDEC as its engineering, procurement and construction (EPC) contractor to build up to eight of its future Natrium reactors with completion, price and performance guarantees, intended to facilitate conventional commercial financing of the Natrium reactor fleet. The collaboration will accelerate the commercial deployment of Natrium reactors by streamlining costs, improving design and construction efficiencies and strengthening global supply chains to deploy a fleet of Natrium plants across the United States and in select international markets.

Separately, TerraPower and SK Innovation announced a term sheet agreement to advance their intent to develop Korea’s first commercial Natrium plant along with plans to expand internationally. The two companies plan to explore opportunities to collaborate on engineering and digital innovation solutions, including digital twin technology and artificial intelligence, building on TerraPower’s existing leadership in these tools to optimize operations and maintenance.

“Today marks a pivotal moment for TerraPower as we embark on a new chapter of international collaboration with Korea’s leading organizations,” said Chris Levesque, president and CEO of TerraPower. “Combining TerraPower’s innovative advanced nuclear technology with Korea’s nuclear construction and operational expertise will strengthen our global cooperation and accelerate the deployment of a Natrium fleet that will transform the world’s energy landscape.”

TerraPower will now begin work under these agreements to accelerate the deployment of next-generation nuclear technologies in the United States, Korea and around the world, reinforcing a pathway for reliable, scalable and economically competitive advanced nuclear power.

About the Natrium Technology

The Natrium technology is the first mover in the advanced reactor sector and is well positioned to support rapidly increasing energy demand. The Natrium plant design features a 345 MW sodium-cooled fast reactor with a patented molten salt-based energy storage system. The storage technology can boost the system’s output to 500 MW of power when needed as it is designed to keep base output steady, ensuring constant reliability, and can quickly ramp up when demand peaks—it is the only advanced reactor design with this unique feature.

The first Natrium plant is being developed through the U.S. Department of Energy’s Advanced Reactor Demonstration Program (ARDP), a public-private partnership. That project is expected to be completed in 2030 and will be the first utility-scale advanced nuclear power plant in the United States. TerraPower is rapidly commercializing the Natrium technology, which includes an agreement with Meta for up to eight Natrium plants by 2035.

About TerraPower

TerraPower is a leading nuclear innovation company that strives to improve the world through nuclear energy and science. Since it was founded by Bill Gates and a group of like-minded visionaries, TerraPower has emerged as an incubator and developer of ideas and technologies that offer energy independence, environmental sustainability, medical advancement and other cutting-edge opportunities. It accepts and tackles some of the world’s most difficult challenges. Behind each of its innovations and programs, TerraPower actively works to bring together the strengths and experiences of the world’s public and private sectors to answer pressing global needs. Learn more at terrapower.com.

Press contact

TerraPower – press@terrapower.com

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DREO to Unveil New Air Products, Technologies and Air Intelligence at IFA 2026

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CLIFTON, N.J., Aug. 14, 2026 /PRNewswire/ — DREO, a global smart home brand, today announced its participation at IFA 2026 in Berlin, Germany, from September 4 to 8 under the theme “AIR, Mastered.”

At the show, DREO will unveil its new Air Purifier lineup led by its latest flagship model, preview next-generation heating technologies featuring a new adaptive airflow innovation, and introduce DREO Air Intelligence, the company’s AI-powered system for more intelligent home air management.

Visitors to the DREO booth will experience:

New Air Purifier lineup, led by DREO’s latest flagship model and featuring the company’s newest purification technologies, immersive user experiences and connected smart capabilities.Next-generation Heating Technologies, introducing a new adaptive airflow innovation that seamlessly transitions between focused warmth and whole-room heating, offering an early preview of DREO’s upcoming winter innovations.DREO Air Intelligence, an AI-powered system that combines environmental sensing, intelligent reasoning and coordinated device control to enable smarter home air management.

“People don’t experience home wellness through a single product. They experience it through the air around them,” said Olivia Xu, Chief Marketing Officer at DREO. “For us, mastering air has never been just about stronger airflow, faster heating or better purification. It’s about making air itself work more intelligently for people. At IFA, we’re bringing together new air products, breakthrough heating technologies and DREO Air Intelligence to show how air can better understand the home, adapt to changing needs and create a smarter everyday living experience.”

DREO’s new Air Purifier and heating technologies are both designed around how air moves through the home. DREO Air Intelligence extends that same focus across connected devices, coordinating purification, heating and future products around real-time conditions in the home.

Beyond its product and technology showcases, DREO will also take the IFA Dream Stage for a panel discussion titled “How Air, Connectivity and Intelligence Bridge the Last Mile of Home Wellness.”

The session will be moderated by Anna Heim of TechCrunch, with featured speaker Tobin Richardson, President & CEO of the Connectivity Standards Alliance, alongside industry leaders from smart home, connected health and home air management. The discussion will explore how AI, connectivity home air management can move beyond basic automation to make home wellness more responsive, personalized and meaningful in everyday life.

For those attending in person, visit the DREO booth at Hall 9, Stand 130, Messe Berlin from September 4 to 8 and join the Dream Stage panel at Hall 25, Messe Berlin on Friday, September 4, 2026, from 12:45 to 13:15 CEST. Please click here to register the DREO IFA panel. For more information and press materials, visit here

ABOUT DREO

DREO, the home tech pioneer transforming everyday comfort through innovation and elegant design, continues to redefine modern living. Specializing in air comfort and smart kitchen solutions, DREO has earned the trust of over 30 million users. Proudly becoming the No.1 U.S. Home Comfort Growth Brand for Two Consecutive Years* and the No. 1 Household Fan Brand on Amazon U.S.** for Three Consecutive Years, DREO’s products are known for their exceptional performance, energy efficiency, and seamless smart home integration, delivering both convenience and sustainability to households across the globe.

For more details visit: https://www.DREO.com/
Follow us on Facebook: https://www.facebook.com/DREOHome
Follow us on Instagram:
https://www.instagram.com/DREO.home/
https://www.instagram.com/DREO.kitchen/
Follow us on TikTok: https://www.tiktok.com/@DREOhome

*Source: Circana Retail Tracking Service. DREO was named the 2026 Winner in the U.S. Home Comfort category for Top Increase in Market Share (12 months ending October 2025), and the 2025 Winner for the Largest Dollar Share Increase in the U.S. Home Comfort category (12 months ending December 2024).

**Source: Ranking based on Stackline data for Amazon US retail sales of household fans from January 2022 to January 2025.

 

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Hadrian Closes $360 Million Revolving Credit Facility to Accelerate the Buildout of Its U.S. Manufacturing Footprint

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Capital will support the company’s ability to invest in manufacturing infrastructure and meet production goals across critical programs

TORRANCE, Calif., Aug. 14, 2026 /PRNewswire/ — Hadrian, the advanced manufacturing company building highly automated factories for America, today announced the closing of a $360 million revolving credit facility. This facility allows Hadrian to further invest in the advanced manufacturing infrastructure, machinery, and related hardware needed to achieve its production goals.

The financing was arranged by a leading group of financial firms, underscoring strong institutional support for Hadrian’s continued growth. Morgan Stanley Senior Funding Inc. served as Lead Left Arranger and Bookrunner, with additional joint lead arrangers and bookrunners Western Alliance Bank, J. P. Morgan, First Citizens Bank, Customers Bank, HSBC Ventures USA Inc, Axos Bank, and Texas Capital Securities. The additional funds come a week after Hadrian announced its $1.37 billion Series D fundraise, which valued the company at $7.87 billion.

“This facility’s closing represents a key next step in Hadrian’s growth trajectory, and underscores the institutional confidence in our strategic direction,” said Hadrian CEO and Founder Chris Power. “This financing will play a critical role in facilitating Hadrian’s build out of the industrial capacity the United States needs to remain strategically competitive, while creating thousands of high-quality jobs across the country.”

The raise will directly support Hadrian’s continued expansion across its growing network of U.S. factories as the company scales production for defense and aerospace customers.

Kirkland & Ellis was counsel to Hadrian on the transaction.

About Hadrian
Hadrian is rebuilding America’s industrial base with highly automated factories that combine process engineering, AI, and robotics. Its mission is to help space and defense manufacturers produce full programs at scale in the U.S. while giving American workers the tools to compete globally.

The company operates four facilities covering just under 3 million square feet: two in Torrance, California, and newly launched sites in Arizona and Alabama, with additional sites in development across the country. More information at https://www.hadrian.co/.

Media Contact
press@hadrian.co

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Oklahoma National Guard Soldiers Save Tens of Thousands of Work Hours After Two-Day Skillquest AI Readiness Lab

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Participants Recognized by National Guard Leadership; Prototypes Continue Operating After Training Concludes

LAWTON, Okla., Aug. 13, 2026 /PRNewswire/ — Staff Sgt. Herbert Hailey of the Oklahoma Army National Guard attended a two-day Skillquest AI Readiness Lab in May 2026 and left with a deployed AI tool projected to save 61,000 work hours annually across the Guard. The U.S. Army published an independent account of the achievement on army.mil, the official Army news website.

Hailey entered with no prior platform experience. His tool, built on the Army’s Vantage platform, automates military awards eligibility review. Within the Recruiting and Retention Battalion alone, it eliminates 483 hours of administrative work per award cycle.

Hailey’s prototype was one of several that participants continued developing after the lab. Maj. Christopher Hales built a leadership data dashboard during the course that has since been made operational, projected to save hundreds of Senior Leader hours per year. Both Hailey and Hales were formally recognized for their contributions. Soldiers leave the lab with working tools they continue to build on.

“Watching these Soldiers go from zero to working tools against their own data in two days was genuinely impressive,” said Corbin Fonville, CEO of Skillquest. “Staff Sgt. Hailey’s recognition by General Steven S. Nordhaus and the National Guard Bureau is a testament to what these Soldiers can do when they are given the right training.”

“Staff Sgt. Hailey’s initiative demonstrates the kind of innovation that keeps the Oklahoma National Guard moving forward,” said Maj. Gen. Thomas H. Mancino, Adjutant General of Oklahoma. “Guardsmen at every level are finding new ways to solve problems, improve efficiency and allow our Soldiers and Airmen to focus on what matters most: remaining ready to support our state and federal missions.”

Skillquest coordinates AI Readiness Labs for National Guard and other military units across multiple states. Individual registration options are available for Soldiers and units interested in participating. Learn more at skillquest.io/ailab.

About Skillquest

Skillquest (skillquest.io) is an AI and coding education company serving U.S. military personnel. Its AI Readiness Labs bring participants from zero platform experience to working prototypes in two days, using real organizational data. Skillquest is headquartered in Lawton, Oklahoma.

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SOURCE Skillquest

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