FAQs
Timeline info: TerraPower is still confident in its build timeline and aims to submit a construction permit application to the Nuclear Regulatory Commission in mid-2023. The construction schedule for the demonstration reactor will remain the same, with groundbreaking at the site slated for spring 2023.
How much did Bill Gates invest in TerraPower? ›
Bill Gates' company TerraPower raises $750 million for nuclear energy and medicine innovation. TerraPower, the nuclear innovation company founded by Bill Gates, announced a $750 million funding raise co-led by Gates and SK, a large South Korean conglomerate that is one of South Korea's largest energy providers.
Can I buy stock in TerraPower? ›
Is TerraPower Stock Publicly Traded? No. TerraPower is privately owned. Shareholders include Bill Gates, the billionaire founder of Microsoft, and investors Intellectual Ventures, SK Group, ArcelorMittal, and CRV.
Was TerraPower founded by Bill Gates? ›
About TerraPower
Since it was founded by Bill Gates and a group of like-minded visionaries, TerraPower has emerged as an incubator and developer of ideas and technologies that offer energy independence, environmental sustainability, medical advancement and other cutting-edge opportunities.
What fuel does TerraPower use? ›
From its beginnings over a decade ago, TerraPower has made reduction of weapons risks a foundational principle. Natrium reactors are uranium fueled.
Who is TerraPower competitor? ›
TerraPower's competitors and similar companies include Holtec International, Commonwealth Fusion Systems, Kalina Power and Coldinnov.
How many employees does TerraPower have? ›
How many Employees does TerraPower have? TerraPower has 184 employees.
What are the benefits of TerraPower? ›
TerraPower's innovators create technologies to provide safe, affordable and abundant carbon-free energy. They devise ways to use heat to drive economic growth while decarbonizing industry. And they develop processes to extract radioisotopes for medical use in lifesaving cancer treatments.
Where is TerraPower based? ›
TerraPower is a nuclear energy technology company based in beautiful Bellevue, Washington.
What industry is TerraPower in? ›
A Nuclear Innovation Company
With the growing demand for electricity, TerraPower entered the nuclear energy arena because its founders saw clean energy as the pathway to lift billions out of poverty.
TerraForm Power currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
How much does TerraPower reactor cost? ›
Terrapower's advanced nuclear plant design, known as Natrium, will be smaller than conventional nuclear reactors, and is slated to cost $4 billion, with half of that money coming from the U.S. Department of Energy.
Does TerraPower use uranium? ›
TerraPower's Traveling Wave Reactor (TWR®) design remains an important, long-term goal of the Natrium™ program. A fleet of TWR plants will be able to operate for centuries with unenriched uranium fuel, needing enriched uranium to start only the first reactor in the long chain of plants.
How long does the fuel last in a Terra reactor? ›
TWRs use only a small amount (~10%) of enriched uranium-235 or other fissile fuel to "initiate" the nuclear reaction. The remainder of the fuel consists of natural or depleted uranium-238, which can generate power continuously for 40 years or more and remains sealed in the reactor vessel during that time.
