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Bill Gates' TerraPower Will Set Up a $4 Billion Nuclear Plant In Wyoming
Hmmmmmm shares a report from Interesting Engineering: Founded by Bill Gates, TerraPower, a company that plans to use nuclear energy to deliver power in a sustainable manner, has selected Kremmer, Wyoming as a suitable site to demonstrate its advanced nuclear reactor, Natrium. The decision was made after extensive evaluation of the site and consultations with the local community, the company said in a press release. Last year, the Department of Energy (DOE) had awarded TerraPower a grant of $80 million to demonstrate its technology. The advanced nuclear reactor that is being developed by the company in association with General Electric-Hitachi, uses a sodium-cooled fast reactor that works with a molten salt-based energy storage system. Earlier in June, the company had decided to set up its demonstration plant in Wyoming and has recently sealed the decision by selecting the site of a coal-fired power plant that is scheduled for a shut down by 2025, the press release said. The demonstration plant where the company plans to set up a 345 MW reactor will be used to validate the design, construction, and operation of TerraPower's technology. Natrium technology uses uranium enriched to up to 20 percent, far higher than what is used by other nuclear reactors. However, nuclear energy supporters say that the technology creates lesser nuclear waste, Reuters reported. The energy storage system to be used in the plant is also designed to work with renewable sources of energy. TerraPower plans to utilize this capability and boost its output to up to 500 MW, enough to power 400,000 homes, the company said.