Bill Gates-backed TerraPower raises $650 mln, eyes approval next year for nuclear reactor
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TerraPower, backed by Bill Gates, has raised $650 million in funding, aiming for regulatory approval next year for its $4 billion Natrium nuclear reactor in Wyoming. The reactor, seen as a cleaner alternative to traditional energy sources, has gained interest amid rising demand from data centers. TerraPower had previously delayed the reactor's launch to 2030 due to a shortage of high-assay low-enriched uranium (HALEU), but has since partnered with ASP Isotopes to produce the necessary fuel.
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