nuclear-news

Bill Gates still hoping for tax-payer funding for his small nuclear reactor project

Bill Gates’ Nuclear Reactor Hits a Roadblock, 
Engineering.com , October 21, 2019  Bill Gates is optimistic about the future—and the role of nuclear energy as an environmentally friendly energy source—but he faces significant obstacles along the way.

His company, TerraPower, is working on new technologies to revolutionize nuclear power. One of them is a traveling wave reactor (TWR). ………

One major problem with a TWR power plant is the price. It will cost about $3 billion to build a demonstration reactor. Even Bill Gates isn’t rich enough to fund it himself. TerraPower had signed a promising agreement with China to build a demonstration reactor, but the project has been shuttered due to China-U.S. trade tensions. The company is now lobbying Congress for a public-private partnership to fund the reactor.  ……

October 24, 2019 - Posted by Christina Macpherson | Small Modular Nuclear Reactors, USA