TerraPower LLC, an advanced nuclear company backed by billionaire <-bsp-person state="{"_id":"00000189-646f-d364-a7eb-7eef0e6d0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Bill Gates, is working with Centrus Energy Corp. to develop a new type of fuel it will need to power its proposed reactor.
The companies have signed a memorandum of understanding aimed at establishing production capacity for high-assay, low-enriched uranium (HALEU) fuel by 2030, when TerraPower expects to need it, according to a <-bsp-bb-link state="{"bbDocId":"RXXSJ2TP3SHS","_id":"00000189-646f-d364-a7eb-7eef0e6e0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">statement Monday. It builds on a 2021 agreement to commercialize the enrichment technology.
TerraPower is developing a 345-megawatt reactor, about one-third the size of conventional nuclear plants that are widely used now. It’s part of a ...
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