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Bill Gates’ pie in the sky idea for prolonging the agony of declining nuclear industry

TerraPower’s Multibillion-Dollar Nuclear Reactor Plan – Venture Capital Dispatch – WSJ, 16 June 2010, By Yuliya ChernovaIf your first product is due on the market in nine years, at a cost of between $3 billion and $4 billion, can you raise venture money now? In the case of TerraPower LLC, the answer is yes. The Bellevue, Wash.-based nuclear technology developer announced this week it raised $35 million in its Series B round from new investor Khosla Ventures and returning backers Charles River Ventures and Bill Gates.
…………. there are still years of engineering and development work ahead for the team………
Besides having to overcome technological and financial challenges, TerraPower would also have to deal with a difficult regulatory framework. In the U.S., the Nuclear Regulatory Commission issues licenses for new nuclear power plant designs; it typically takes years to secure one.

June 17, 2010 - Posted by | business and costs, USA | , , , , , ,

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