Bill Gates is breaking ground on a nuclear power plant in Wyoming (2024)

Bill Gates and his energy company are starting construction at their Wyoming site for a next-generation nuclear power plant he believes will “revolutionize” how power is generated.

Gates was in the tiny community of Kemmerer Monday to break ground on the project. The co-founder of Microsoft is chairman of TerraPower. The company applied to the Nuclear Regulatory Commission in March for a construction permit for an advanced nuclear reactor that uses sodium, not water, for cooling. If approved, it would operate as a commercial nuclear power plant.

The site is adjacent to PacifiCorp’s Naughton Power Plant, which will stop burning coal in 2026 and natural gas a decade later, the utility said. Nuclear reactors operate without emitting planet-warming greenhouse gases. PacifiCorp plans to get carbon-free power from the reactor and says it is weighing how much nuclear to include in its long-range planning.

READ MORE: Biden administration will lend $1.5 billion to restart Michigan nuclear power plant, a first in the U.S.

The work begun Monday is aimed at having the site ready so TerraPower can build the reactor as quickly as possible if its permit is approved. Russia is at the forefront for developing sodium-cooled reactors.

Gates told the audience at the groundbreaking that they were “standing on what will soon be the bedrock of America’s energy future.”

“This is a big step toward safe, abundant, zero-carbon energy,” Gates said. “And it’s important for the future of this country that projects like this succeed.”

Advanced reactors typically use a coolant other than water and operate at lower pressures and higher temperatures. Such technology has been around for decades, but the United States has continued to build large, conventional water-cooled reactors as commercial power plants. The Wyoming project is the first time in about four decades that a company has tried to get an advanced reactor up and running as a commercial power plant in the United States, according to the NRC.

It’s time to move to advanced nuclear technology that uses the latest computer modeling and physics for a simpler plant design that’s cheaper, even safer and more efficient, said Chris Levesque, the company’s president and chief executive officer.

TerraPower’s Natrium reactor demonstration project is a sodium-cooled fast reactor design with a molten salt energy storage system.

“The industry’s character hasn’t been to innovate. It’s kind of been to repeat past performance, you know, not to move forward with new technology. And that was good for reliability,” Levesque said in an interview. “But the electricity demands we’re seeing in the coming decades, and also to correct the cost issues with today’s nuclear and nuclear energy, we at TerraPower and our founders really felt it’s time to innovate.”

A Georgia utility just finished the first two scratch-built American reactors in a generation at a cost of nearly $35 billion. The price tag for the expansion of Plant Vogtle from two of the traditional large reactors to four includes $11 billion in cost overruns.

READ MORE: Bill Gates and top investors launch $1 billion clean energy fund

The TerraPower project is expected to cost up to $4 billion, half of it from the U.S. Department of Energy. Levesque said that figure includes first-of-its-kind costs for designing and licensing the reactor, so future ones would cost significantly less.

Most advanced nuclear reactors under development in the U.S. rely on a type of fuel — known as high-assay low-enriched uranium — that’s enriched to a higher percentage of the isotope uranium-235 than the fuel used by conventional reactors. TerraPower delayed its launch date in Wyoming by two years to 2030 because Russia is the only commercial supplier of the fuel, and it’s working with other companies to develop alternate supplies. The U.S. Energy Department is working on developing it domestically.

Edwin Lyman co-authored an article in Science on Thursday that raises concerns that this fuel could be used for nuclear weapons. Lyman, the director of nuclear power safety with the Union of Concerned Scientists, said the risk posed by HALEU today is small because there isn’t that much of it around the world. But that will change if advanced reactor projects, which require much larger quantities, move forward, he added. Lyman said he wants to raise awareness of the danger in the hope that the international community will strengthen security around the fuel.

NRC spokesperson Scott Burnell said the agency is confident its current requirements will maintain both security and public safety of any reactors that are built and their fuel.

Gates co-founded TerraPower in 2008 as a way for the private sector to propel advanced nuclear energy forward to provide safe, abundant, carbon-free energy.

WATCH: Bill Gates on vaccine equity, boosters, climate, his foundation and Epstein meetings

The company’s 345-megawatt reactor could generate up to 500 megawatts at its peak, enough for up to 400,000 homes. TerraPower said its first few reactors will focus on supplying electricity. But it envisions future reactors could be built near industrial plants to supply high heat.

Nearly all industrial processes requiring high heat currently get it from burning fossil fuels. Heat from advanced reactors could be used to produce hydrogen, petrochemicals, ammonia and fertilizer, said John Kotek at the Nuclear Energy Institute.

It’s significant that Gates, a technological innovator and climate champion, is betting on nuclear power to help address the climate crisis, added Kotek, the industry group’s senior vice president for policy.

“I think this has helped open people’s eyes to the role that nuclear power does play today and can play in the future in addressing carbon emissions,” he said. “There’s tremendous momentum building for new nuclear in the U.S. and the potential use of a far wider range of nuclear energy technology than we’ve seen in decades.”

Bill Gates is breaking ground on a nuclear power plant in Wyoming (2024)

FAQs

Is Bill Gates building a nuclear plant in Wyoming? ›

That's because his nuclear company, TerraPower, announced it had chosen the community of about 2,500 people for a first-of-its-kind power plant, in part because of Wyoming's wide open space and existing energy infrastructure. Gates and the U.S. Department of Energy are the two main backers of the $4 billion project.

What is Bill Gates doing in nuclear power plant? ›

Gates and his energy company TerraPower are spearheading a major project that broke ground in Kemmerer, Wyoming last week — a nuclear power plant that relies on sodium cooling rather than water, which is believed to both simplify the process while also being safer, and could make nuclear energy a source of low-cost ...

Where is the nuclear plant going to be in Wyoming? ›

TerraPower broke ground on its Natrium reactor near a retired coal plant in Kemmerer, Wyoming, in June 2024. Natrium will be the first commercial reactor in the state of Wyoming and one of the first advanced reactors to operate in the United States, expanding the state's already impressive energy portfolio.

How much money has Bill Gates invested in TerraPower? ›

TerraPower has explored simpler, cheaper reactors since 2008 and expects to complete the new reactor in 2030. “I put in over a billion, and I'll put in billions more,” said Gates, the world's sixth-richest person according to the Bloomberg Billionaires Index.

Does Bill Gates own property in Wyoming? ›

Bill Gates, the co-founder of Microsoft, who remains one of the richest people in the world, bought this historic ranch in 2009 (for $9 million). Known as the Irma Lake Lodge, the property was settled by Buffalo Bill himself, in 1902.

How many nuclear power plants are under construction in the USA? ›

Two new nuclear reactors are actively under construction: Vogtle Units 3 and 4 in Georgia.

Why did the US stop building nuclear power plants? ›

By the mid-1970s, it became clear that nuclear power would not grow nearly as quickly as once believed. Cost overruns were sometimes a factor of ten above original industry estimates, and became a major problem. For the 75 nuclear power reactors built from 1966 to 1977, cost overruns averaged 207 percent.

Who owns US nuclear power plants? ›

U.S. Nuclear Plant Owners and Operators
Plant NameOperator NamePercent ownership
Beaver Valley 2Energy Harbor Nuclear Corp.100.0
Braidwood 1Constellation Energy Generation, LLC100.0
Braidwood 2Constellation Energy Generation, LLC100.0
Browns Ferry 1Tennessee Valley Authority100.0
64 more rows

Is TerraPower safe? ›

Safety at Terrapower

The Natrium reactor and energy storage system, leveraging natural forces and cutting-edge design, offers unparalleled safety through its operation.

Which US state has the most nuclear power plants? ›

Illinois is also the state with the largest number of nuclear power reactors in operation in the U.S.. This state of the Northern Midwest had 11 nuclear reactors in 2023, located in six different nuclear power plants.

How to invest in TerraPower stock? ›

TerraPower is a privately held company. This means only accredited and institutional investors can invest in the company before its IPO. Investors seeking exposure to TerraPower can invest indirectly via venture funds and investment syndicates, or purchase shares directly on pre-IPO marketplaces like Hiive.

Where was the worst U.S. nuclear power plant disaster? ›

Pennsylvania

What energy company did Bill Gates invest in? ›

Electric Hydrogen, a Gates-backed startup that says it has developed a better electrolyzer, which splits water, is among those trying to bring costs down. The company raised $380 million from BP, United Airlines and others last year and opened a factory in Massachusetts this spring.

Who owns TerraPower? ›

TerraPower was founded by Bill Gates and a group of like-minded visionaries that decided the private sector needed to take action in developing advanced nuclear energy to meet growing electricity needs, mitigate climate change and lift billions out of poverty.

Is TerraPower building a reactor? ›

The new reactor will be constructed near the site of the 687-MW Naughton power plant, which PacifiCorp plans to convert from coal to natural gas in 2026. It's the world's only coal-to-nuclear project under development, TerraPower said.

Is TerraPower on the stock market? ›

Is TerraPower publicly traded? TerraPower remains a privately held company and cannot be accessed on major public exchanges such as NASDAQ or NYSE. Accredited investors can invest in the top private companies like TerraPower before they IPO via secondary marketplaces such as Hiive.

Is Microsoft building a nuclear power plant? ›

Microsoft's Bill Gates breaks ground on novel nuclear power plant in Wyoming. The pilot Natrium nuclear power plant in Kemmerer will be the first of what TerraPower officials hope will be a worldwide fleet of new nuclear energy facilities.

Is TerraPower Building a reactor? ›

The new reactor will be constructed near the site of the 687-MW Naughton power plant, which PacifiCorp plans to convert from coal to natural gas in 2026. It's the world's only coal-to-nuclear project under development, TerraPower said.

Who is building the most nuclear power plants? ›

In 2022, 411 reactors were operational around the world - 26 fewer than in 2011. Another 29 are currently in long-term storage and 53 are under construction - more than half in China and India.

References

Top Articles
Pickled Eggs Basic Recipe + Variations | Serving Tips & Ideas | History
Jacques Pepin’s Weird and Wonderful Recipe Is Better Than Deviled Eggs
Spasa Parish
Rentals for rent in Maastricht
159R Bus Schedule Pdf
Sallisaw Bin Store
Black Adam Showtimes Near Maya Cinemas Delano
Espn Transfer Portal Basketball
Pollen Levels Richmond
11 Best Sites Like The Chive For Funny Pictures and Memes
Xenia Canary Dragon Age Origins
Momokun Leaked Controversy - Champion Magazine - Online Magazine
Maine Coon Craigslist
How Nora Fatehi Became A Dancing Sensation In Bollywood 
‘An affront to the memories of British sailors’: the lies that sank Hollywood’s sub thriller U-571
Tyreek Hill admits some regrets but calls for officer who restrained him to be fired | CNN
Haverhill, MA Obituaries | Driscoll Funeral Home and Cremation Service
Rogers Breece Obituaries
Ems Isd Skyward Family Access
Elektrische Arbeit W (Kilowattstunden kWh Strompreis Berechnen Berechnung)
Omni Id Portal Waconia
Kellifans.com
Banned in NYC: Airbnb One Year Later
Four-Legged Friday: Meet Tuscaloosa's Adoptable All-Stars Cub & Pickle
Model Center Jasmin
Ice Dodo Unblocked 76
Is Slatt Offensive
Labcorp Locations Near Me
Storm Prediction Center Convective Outlook
Experience the Convenience of Po Box 790010 St Louis Mo
Fungal Symbiote Terraria
modelo julia - PLAYBOARD
Poker News Views Gossip
Abby's Caribbean Cafe
Joanna Gaines Reveals Who Bought the 'Fixer Upper' Lake House and Her Favorite Features of the Milestone Project
Tri-State Dog Racing Results
Navy Qrs Supervisor Answers
Trade Chart Dave Richard
Lincoln Financial Field Section 110
Free Stuff Craigslist Roanoke Va
Wi Dept Of Regulation & Licensing
Pick N Pull Near Me [Locator Map + Guide + FAQ]
Crystal Westbrooks Nipple
Ice Hockey Dboard
Über 60 Prozent Rabatt auf E-Bikes: Aldi reduziert sämtliche Pedelecs stark im Preis - nur noch für kurze Zeit
Wie blocke ich einen Bot aus Boardman/USA - sellerforum.de
Infinity Pool Showtimes Near Maya Cinemas Bakersfield
Dermpathdiagnostics Com Pay Invoice
How To Use Price Chopper Points At Quiktrip
Maria Butina Bikini
Busted Newspaper Zapata Tx
Latest Posts
Article information

Author: Dean Jakubowski Ret

Last Updated:

Views: 5768

Rating: 5 / 5 (70 voted)

Reviews: 85% of readers found this page helpful

Author information

Name: Dean Jakubowski Ret

Birthday: 1996-05-10

Address: Apt. 425 4346 Santiago Islands, Shariside, AK 38830-1874

Phone: +96313309894162

Job: Legacy Sales Designer

Hobby: Baseball, Wood carving, Candle making, Jigsaw puzzles, Lacemaking, Parkour, Drawing

Introduction: My name is Dean Jakubowski Ret, I am a enthusiastic, friendly, homely, handsome, zealous, brainy, elegant person who loves writing and wants to share my knowledge and understanding with you.