TerraPower, a nuclear startup backed by Bill Gates, has secured a $650 million funding round, with Nvidia’s venture arm participating in the investment. The company plans to build its first commercial power plant in Wyoming, using its Natrium reactor design, which can store heat in molten sodium for later use. This technology aims to provide a steady supply of electricity, filling gaps in solar and wind generation.
Forecast for 6 months: TerraPower will begin construction on its first power plant in Wyoming, with site preparation and initial construction underway.
Forecast for 1 year: The first Natrium reactor is expected to receive permits, and construction will be completed, with the reactor generating 345 megawatts of electricity.
Forecast for 5 years: TerraPower will have completed its first commercial power plant, and the Natrium reactor design will be widely adopted, with multiple plants operational across the United States.
Forecast for 10 years: The nuclear industry will have experienced a significant resurgence, with TerraPower’s Natrium reactor design playing a key role in the transition to cleaner energy sources. The company will have expanded its operations globally, with multiple power plants operational in various countries.
