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Billionaires like Bill Gates are pouring money into the industry for a reason. Not only does nuclear offer a potentially large return, it also looks like the best available climate-friendly power ...
Gates co-founded TerraPower in 2008 as a way for the private sector to propel advanced nuclear energy forward to provide safe, abundant, carbon-free energy. The company's 345-megawatt reactor could generate up to 500 megawatts at its peak, enough for up to 400,000 homes. TerraPower said its first few reactors will focus on supplying electricity.
TerraPower is partly funded by the US Department of Energy (DOE) and Los Alamos National Laboratory. [7] One of TerraPower's primary investors is Bill Gates (via Cascade Investment). Others include Charles River Ventures and Khosla Ventures, which reportedly invested $35 million in 2010. TerraPower is led by chief executive officer Chris Levesque.
Microsoft Corp (NASDAQ: MSFT) co-founder Bill Gates-backed TerraPower LLC raised $750 million to develop small-scale nuclear reactors, including a significant investment from South Korean ...
It also incentivizes deploying advanced American nuclear technologies overseas, as the US competes with Russia and China for global nuclear energy dominance. But the bill could also be a boon for ...
On February 2, 2022, Breakthrough Energy agreed to join an investors syndicate providing $80 million in capital to Verdox, Inc., a startup company attempting to scale a new carbon capture and removal platform developed at the Massachusetts Institute of Technology—one of five carbon capture technology investments the organization would make by ...
BELLEVUE, Wash. — TerraPower, the nuclear energy venture that’s backed by Microsoft co-founder Bill Gates, has gotten a boost on two fronts in its campaign to pioneer a new generation of safer ...
CFS was founded in 2018 as a spin-off from the MIT Plasma Science and Fusion Center. [4] After initial funding of $50 million in 2018 from the Italian multinational Eni, [2] CFS closed its series A round of venture capital funding in 2019 with a total of US$ 115 million in funding from Eni, [5] Bill Gates's Breakthrough Energy Ventures, Vinod Khosla's Khosla Ventures, and others.