Current:Home > InvestIn Wyoming, Bill Gates moves ahead with nuclear project aimed at revolutionizing power generation -Aspire Money Growth
In Wyoming, Bill Gates moves ahead with nuclear project aimed at revolutionizing power generation
View
Date:2025-04-17 04:41:55
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.
In prepared remarks, Gates said the advanced plant “will power the future of our nation.”
“Everything we do runs on electricity: buildings, technology, and increasingly transportation,” Gates said. “To meet our economic and climate goals, we need more abundant clean energy, not less.”
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 $11 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.”
___
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.
veryGood! (8943)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Denise Richards Strips Down to Help a Friend in Sizzling Million Dollar Listing L.A. Preview
- UGA fatal crash survivor settles lawsuit with athletic association
- Civil rights activist Sybil Morial, wife of New Orleans’ first Black mayor, dead at 91
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Luca Guadagnino and Daniel Craig present ‘Queer’ to Venice Film Festival
- The Reason Jenn Tran and Devin Strader—Plus 70 Other Bachelor Nation Couples—Broke Up After the Show
- School bus hits and kills Kentucky high school student
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Barbie-themed flip phone replaces internet access with pink nostalgia: How to get yours
Ranking
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- US Open: Frances Tiafoe and Taylor Fritz will meet in an all-American semifinal in New York
- NFL Week 1 odds: Moneylines, point spreads, over/under
- Grand Canyon pipeline repairs completed; overnight lodging set to resume
- Intellectuals vs. The Internet
- Inmate awaiting execution says South Carolina didn’t share enough about lethal injection drug
- Lip Markers 101: Why They’re Trending, What Makes Them Essential & the Best Prices as Low as $8
- Afghan refugee pleads no contest to 2 murders in case that shocked Albuquerque’s Muslim community
Recommendation
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Ryan Reynolds honors late 'Roseanne' producer Eric Gilliland: 'It's a tragedy he's gone'
What is The New Yorker cover this week? Why the illustration has the internet reacting
The Reason Jenn Tran and Devin Strader—Plus 70 Other Bachelor Nation Couples—Broke Up After the Show
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
Injuries reported in shooting at Georgia high school
Harris to propose $50K tax break for small business in economic plan
How Fake Heiress Anna Delvey Is Competing on Dancing With the Stars Amid ICE Restrictions