A company co-founded by a prominent figure is set to embark on the construction of next-generation nuclear power plants in the United States. The CEO of the company revealed plans to commence building at a location near a coal plant in Kemmerer, Wyoming, in June, even without the necessary construction permit from regulators. The company aims to have the nuclear plant operational by 2030. Utilizing liquid sodium instead of water to cool its Natrium reactors, the company anticipates cost savings in operations.
With substantial financial backing amounting to $1 billion, TerraPower is forging ahead with its innovative approach to nuclear energy. The CEO emphasized the advantages of using liquid sodium as a coolant, citing significant cost reductions compared to traditional light water reactor plants. TerraPower's ambitious project has garnered support from various venture capital firms, with notable contributions from the Department of Energy.
