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Nuclear energy seems likely to play a role in the future of AI, and NuScale Power is welL positioned as a leader in SMRs. For patient, risk-tolerant investors, getting a small amount of exposure ...
Bill Gates, the founder of TerraPower, thinks existing energy infrastructure in West Virginia could be a good fit for his Natrium nuclear reactor.
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.
An advanced nuclear power venture founded by billionaire Bill Gates said on Tuesday it has chosen a town in Wyoming as the site to build a $4 billion demonstration plant that will get half its ...
In addition, the company made an investment in privately held X-energy. Alphabet signed a deal with Kairos Power to develop as much as 500 megawatts of small nuclear reactors for its data centers.
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.
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 ...
[107] This rapid transition, according to Gates, would depend on increased government funding for basic research and financially risky private-sector investment, to enable innovation in diverse areas such as nuclear energy, grid energy storage to facilitate greater use of solar and wind energy, and solar fuels.