Bill Gates’ company raises $ 750 million to develop its nuclear reactors. It rains in the wet
TerraPower, a small-scale nuclear reactor development company backed by Bill Gates, has raised $ 750 million in investment, including from South Korea's second largest conglomerate, to advance its manufacturing plan. of mini-reactors.
TerraPower, a nuclear energy technology company, raised funds co-financed by Bill Gates to produce nuclear reactors that are cheaper than conventional and simpler ones, the famous SMRs
SK Inc, part of South Korea's S K Group, has invested $ 250 million in TerraPower in raising funds, the company said Monday. As the world seeks to reduce carbon dioxide emissions from energy sources, Gates has bet on small-sized nuclear reactors that could have lower costs than the typical reactors used in nuclear power plants. At the same time, nuclear power generation is carbon neutral.
Last year, TerraPower chose a remote coal town in western Wyoming as the site of its first groundbreaking nuclear power plant. The US Department of Energy welcomed the plans and said last November that it was "extremely excited about this project." The Department of Energy plans to invest nearly $ 2 billion to support the licensing, construction and demonstration of this one-of-a-kind reactor by 2028.
Earlier this year, TerraPower said the project was underway. During the first three years of the project, TerraPower will focus on progressing the plant project and submitting the construction permit application to the US Nuclear Regulatory Commission (NRC). The first construction activities will likely begin in 2024, TerraPower said in May.
Nuclear energy, particularly innovative technologies such as small-scale nuclear reactors, could represent a major step forward in the quest for low-carbon energy production.
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The article Bill gates' company raises 750 million to develop its nuclear reactors. It rains in the wet comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/lazienda-di-bill-gates-raccoglie-750-milioni-per-sviluppare-i-propri-reattori-nucleari-piove-sul-bagnato/ on Mon, 15 Aug 2022 21:26:48 +0000.