Bill Gates’ TerraPower gets approval to build new nuclear reactor
It’s the first permit to be issued by the Nuclear Regulatory Commission in nearly a decade.
It’s the first permit to be issued by the Nuclear Regulatory Commission in nearly a decade.
The new rules apply to nuclear reactors built on Department of Energy property, which includes several currently being developed by startups.
Investors including a16z are betting that nuclear industry suppliers will be the big winners of the AI demand-driven nuclear renaissance.
Small modular reactor startups are betting that mass manufacturing will help them bring costs down. But are they underestimating the challenge?
Two smaller companies, Oklo and TerraPower, along with Vistra, a large energy company, just signed agreements with Meta.
Radiant Nuclear is developing a small modular reactor to replace diesel generators. The startup previously raised $165 million in May.
Last Energy will use the funds to build its 5 megawatt pilot reactor in Texas, which it hopes to turn on next year.
The Tennessee Valley Authority and Holtec were awarded substantial grants to build one reactor in Tennessee and two more in Michigan.
Antares is designing and building small modular reactors that it plans to deploy for commercial, space, and defense applications.
The small modular reactor startup is capitalizing on surging interest from tech companies and data center developers.