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On Sunday, billionaire Bill Gates told CBS he will invest billions of dollars into next-generation nuclear power company TerraPower, which wants to build a $10 billion sodium-cooled reactor in ...
TerraPower is partly funded by the US Department of Energy (DOE) and Los Alamos National Laboratory. [6] 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.
Nuclear power stocks are surging in response to the news. As of 10 a.m. ET, Constellation stock itself is up a strong 14.4%, while nuclear upstarts NuScale Power Corporation (NYSE: SMR) and Nano ...
A nuclear reactor company cofounded by Bill Gates signed a deal with the United Arab Emirates to explore building advanced reactors in the Gulf country.
Breakthrough Energy is the umbrella name of several organizations, founded by Bill Gates in 2015, that aim to accelerate innovation in sustainable energy and in other technologies to reduce greenhouse gas emissions. It invests in a variety of startup companies that are attempting to commercialize new concepts such as nuclear fusion, large ...
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.
NuScale Power Corporation. NuScale Power Corporation is a publicly traded American company that designs and markets small modular reactors (SMRs). It is headquartered in Portland, Oregon. A 50 MWe version of the design was certified by the US Nuclear Regulatory Commission (NRC) in January 2023. [3] The current scalable 77 MWe SMR VOYGR design ...
Nuclear plants generated about 18.6% of the total electricity in the U.S. last year, according to Energy Information Administration data. The power supply deals with A.I. data centers are also ...