Terra Power Secures $650 Million to Build Advanced Nuclear Reactor, Backed by Bill Gates and Nvidia
Under Bill Gates’ direction, leader in nuclear innovation TerraPower has attracted $650 million in fresh capital. This expenditure will enable the first advanced commercial nuclear reactor built in America to be completed more quickly. Reflecting increasing tech sector interest in nuclear energy, Nvidia’s venture arm, NVentures also took part.
The company revealed the fresh capital in a recent news release. Using modern nuclear technology, TerraPower seeks to provide safe, sustainable energy.
“TerraPower was started on the idea that innovation in nuclear science could make positive, worldwide impacts,” said Chris Levesque, President and CEO of TerraPower. “This round shows that industry need for solutions calls for our technologies.”
TerraPower, with headquarters in Washington, is working on the Natrium reactor. This next-generation sodium-cooled fast reactor couples grid-scale energy storage with nuclear power. It thus provides steady, carbon-free electricity while balancing the intermittent character of renewable sources such as solar and wind.
Nvidia and Tech Industry’s Growing Interest in Nuclear Energy
The participation of Nvidia highlights the rising role of tech companies in meeting energy demands. Artificial intelligence and data centers continue to expand rapidly. Consequently, the tech industry needs clean, reliable power sources to limit emissions.
“As AI transforms industries, nuclear energy will become a more vital energy source,” said Mohamed Siddeek, Corporate VP at Nvidia and head of NVentures. “TerraPower’s technologies offer innovative, carbon-free solutions that meet global energy needs while protecting the environment.”
Moreover, other tech giants like Google, Meta, and Amazon have signed major nuclear energy deals recently. This trend shows a broader shift towards nuclear power as a long-term sustainability strategy.
Founded in 2006 by Microsoft co-founder Bill Gates, TerraPower has made significant progress in nuclear technology. The new funds will support the construction of the Natrium demonstration project, which has already started preliminary non-nuclear groundwork. Regulators are expected to approve the reactor in 2026.
In partnership with GE Hitachi, TerraPower developed the Natrium reactor’s unique design. It can quickly adjust its power output while storing excess energy. Therefore, it integrates smoothly with variable renewable energy, ensuring grid stability as the world shifts to a low-carbon future.
The global demand for clean, scalable energy continues to grow. TerraPower’s Natrium reactor places the company at the forefront of a new era in nuclear innovation. With Bill Gates’ ongoing support and strong backing from tech investors like Nvidia, TerraPower is poised to help shape the future of sustainable energy.
