A Bill Gates-backed company plans to begin construction on its next-generation nuclear reactor in the United States as soon as June.
TerraPower, a company working on small-scale nuclear reactor development backed by Bill Gates, plans to begin construction on its next-generation nuclear reactor in the United States as soon as June, TerraPower’s president and chief executive officer Chris Levesque has told the Financial Times. TerraPower has been developing the Natrium technology for advanced reactors, which features a sodium-cooled fast reactor with a molten salt-based energy storage system.
“Natrium plants will cost half of what light water reactor plants cost . . . and we are moving our project along pretty aggressively,” Levesque told FT in an interview published on Tuesday. Last month, TerraPower announced the selection of five suppliers to support the design, fabrication, testing, and qualification of various parts of the nuclear reactor.
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