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Mar 29, 2024 · A group established by Microsoft founder Bill Gates is preparing to begin construction of a new generation of nuclear power plants in June, according to the company’s chief executive. Chris […]
Apr 4, 2024 · If TerraPower's application is complete, the NRC will start its technical work and give TerraPower an estimate for reaching a decision on the permit. Generally, technical reviews take about 36 months. TerraPower's application will be the first time the NRC reviews an application for a commercial nuclear power plant using a sodium-cooled design.
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Mar 29, 2024 · KNAUF - Tashkent based, 1993 founded, Unfunded company. Magic Lite - Burlington based, 1996 founded, Unfunded company. TerraPower - Designer of nuclear reactors. Raised a total funding of $810M over 7 rounds from 7 investors. Founded by Bill Gates in the year 2006. TerraPower has 41 competitors.
Mar 26, 2024 · TerraPower also received $1.6 billion in funding from the Bipartisan Infrastructure Law signed by President Biden in November 2022, which is to be used to ensure the completion of the plant. The company also raised over $1 billion in private funding. The technology: Gates helped found TerraPower in 2006 and has been its chair ever since. The ...
Apr 2, 2024 · TerraPower submitted the construction permit application on 29 March (Image: TerraPower) Natrium technology features a 345 MWe sodium-cooled fast reactor using high-assay low-enriched uranium fuel, with a molten salt-based energy storage system that can boost the system’s output to 500 MWe for more than five and a half hours when needed.
Mar 29, 2024 · TerraPower, which has about $1 billion in private funding and $2 billion in backing from the U.S. Department of Energy, is confident in its deadlines for the project. This is the first time that the NRC has reviewed an application for a full nuclear power plant using a sodium-cooled design like the one proposed by TerraPower, an NRC spokesman ...
TerraPower has an advantage in that it’s raised $1 billion in private funding and secured pledges for up to $2 billion from the U.S. government to help bring its demonstration reactor in ...
