Nuclear energy company TerraPower completes $650 million in financing, Nvidia venture capital joins investors

Passionategeekz On June 19, TerraPower, a nuclear energy company founded and chairman of Bill Gates, announced on the 18th of this month that it had completed a new round of $650 million in financing. It is worth noting that NVIDIA’s venture capital unit NVentures has also joined the ranks of investors in the company.

TerraPower’s investments attracted this time also come from Bill Gates himself and the Korean industrial giant HD Hyundai that has previously reached a partnership with the company, as well as a series of other new and existing investors.

The company’s nuclear fission power generation technology, Natrium, belongs to the sodium-cooled fast reactor route.The first facility has now started construction activities of non-nuclear parts, and the construction of the reactor is expected to be approved next year。

Mohamed Siddeek, vice president and head of NVentures, said:

As artificial intelligence continues to change all walks of life, nuclear energy will become a more important energy source that powers these capabilities.

TerraPower’s nuclear reactor technology provides innovative carbon-free solutions that minimize environmental impact while meeting global energy needs.

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