In Wyoming, Bill Gates moves ahead with nuclear project aimed at revolutionizing power generation (2024)

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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.

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 $17 billion in cost overruns.

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.

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.”

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This story has been updated to correct the amount of cost overruns to build two reactors at the Vogtle nuclear plant in Georgia. It was almost $17 billion, not $11 billion.

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The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

In Wyoming, Bill Gates moves ahead with nuclear project aimed at revolutionizing power generation (2024)

FAQs

Is Bill Gates building a nuclear power plant in Wyoming? ›

In Wyoming, Bill Gates moves ahead with nuclear project aimed at revolutionizing power generation. 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.

What is Bill Gates doing in nuclear power plant? ›

Gates has invested $1 billion into a nuclear power plant that broke ground in Kemmerer, Wyo., this week. The new facility, designed by the Gates-founded TerraPower, will be smaller than traditional fission nuclear power plants and, in theory, safer because it will use sodium instead of water to cool the reactor's core.

What company is building the nuclear plant in Wyoming? ›

TerraPower broke ground on its Natrium reactor near a retired coal plant in Kemmerer, Wyoming, in June 2024.

Is TerraPower owned by Bill Gates? ›

John Gilleland is the chief technical officer of TerraPower LLC, a company founded by Bill Gates (chairman), Nathan Myhrvold (vice chairman) and Dr. Gilleland in 2008 to focus on achieving improved nuclear safety, proliferation resistance, energy security and economic power for all countries.

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.

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

There are 53 nuclear reactors currently under construction around the world. Only two are in the United States, once the world's leader in nuclear energy development. And those two reactors represent expansions of a preexisting two-reactor facility, Plant Vogtle in Waynesboro, Ga.

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.

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.

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.

What technology does TerraPower use to generate electricity? ›

Optimized. Process. The Natrium reactor uses liquid metal to transfer heat from the reactor. The properties of this material enable the system to operate at low pressure and cool naturally - making it simpler and safer than any of today's plants.

Who is TerraPower's competitor? ›

TerraPower competitors include NuScale Power, Raytheon Technologies and Flibe Energy.

Who owns the uranium mines in Wyoming? ›

UEC took ownership of Irigaray and the orebodies in the Wyoming hub-and-spoke operation, including Christensen Ranch, through its 2021 acquisition of Uranium One Americas Inc from Russian state nuclear corporation Rosatom.

How much did the TerraPower plant cost 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.

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.

What is the next generation nuclear power plant? ›

A Next Generation Nuclear Plant (NGNP) is a specific proposed generation IV very-high-temperature reactor (VHTR) that could be coupled to a neighboring hydrogen production facility. It could also produce electricity and supply process heat.

Who is building the most nuclear power plants? ›

Meanwhile, the country with the largest capacity of nuclear reactors under construction worldwide was China, where reactors with a total capacity of almost 30 gigawatts were being built at the time.

Is Microsoft building a nuclear power plant? ›

But that's what we're starting on today. This is a big step towards safe, abundant, zero-carbon energy.” Technically, Gates and others marked the groundbreaking of a liquid sodium testing facility — a critical component of TerraPower's Natrium nuclear power plant slated to begin operating here in 2030.

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