Eugene MS Signs 24.6 Billion Won Contract for ‘Vertical Stabilization Coil’ Inside Fusion Reactor

Eugene MS has signed a contract with the International Thermonuclear Experimental Reactor (ITER) for the procurement and prototyping of tooling equipment, as well as for on-site winding, assembly, and installation of the vertical stabilization coil.

According to Eugene MS on June 4, the contract is valued at 13.91 million euros (approximately 24.6 billion won), which is about 95% of the company's revenue of 25.9 billion won last year. Including related contracts previously executed, the total reaches 32 billion won. The contract period runs from the date of signing until December 31, 2029. The scope of the contract is divided into two parts: procurement and prototyping of tooling equipment, and the on-site winding, assembly, and installation of the vertical stabilization coil.

The vertical stabilization coil is a core facility that maintains the vertical position of ultra-high temperature plasma inside the tokamak, and it is a key component that determines the safety and performance of the fusion reactor. In particular, the on-site winding, precision assembly, and installation processes require an extremely high level of precision and advanced engineering capabilities, and only a handful of companies worldwide are recognized as being able to execute such highly complex technology.

This project must comply with international design and quality standards, including European standards, as well as the strict verification requirements of the ITER International Organization. Eugene MS has built the capability to meet these requirements through years of experience working on ITER projects. Additionally, Eugene MS has independently designed and manufactured 27 types of specialized equipment for the winding and installation process, and has produced and secured domestically the Inconel brackets that support the vertical stabilization coil inside the vacuum vessel, using materials that meet ITER's chemical composition management standards.

Eun Jongwook, CEO of Eugene MS, stated, "Winning this project is a meaningful achievement that demonstrates the international recognition of our proprietary technology and execution capabilities in the field of fusion reactor equipment. We look forward to further expanding into not only the next-generation fusion power plant construction business but also the global big science project market."

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