from Zero Hedge
A company founded by Bill Gates is planning on being the first to build a new generation of nuclear power plants based on small modular reactors (SMRs) in the United States. These plans usually have a power capacity of 300MW or less, which is about 1/3rd of regular reactors.
TerraPower has officially “joined the race” against Russia and China to develop lower-cost nuclear reactors, according to FT this week.
CEO Chris Levesque said they are seeking US regulatory approval for their innovative liquid sodium-cooled reactor this month. The Natrium reactors could be constructed at nearly half the cost of traditional water-cooled nuclear reactors.