Bill Gates' nuclear startup picks a Wyoming coal town for its 1st advanced reactor, which will cost $4 billion
Comment of the Day

November 19 2021

Commentary by Eoin Treacy

Bill Gates' nuclear startup picks a Wyoming coal town for its 1st advanced reactor, which will cost $4 billion

This article from Business Insider may be of interest to subscribers. Here is a section:

Warren Buffett's power company, PacifiCorp, is working with Gates' TerraPower on the Natrium reactor project, which is expected to be finished in 2028, per the release.

The US government has agreed to pump $1.9 billion into the project, Reuters reported. This includes $1.5 billion from the infrastructure bill that President Joe Biden signed this week, according to TerraPower's press release.

TerraPower, founded by Gates 15 years ago, will contribute $2 billion for the project, per the release.

The advanced nuclear power plant in Kemmerer would be able to produce a baseload of 345 megawatts, but would also have the capacity to supply 500 megawatts of power, which is enough energy to power around 400,000 homes, TerraPower said in the release.

 

Eoin Treacy's view

This project means molten salt reactors will become a more dominant part of the global nuclear sector over the coming couple of decades. The big selling point from a global perspective is the difficulty of using these designs to manufacture fissile material for bombs. That boosts the potential for exports to third party countries once the technology has been proofed up.

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