Bill Gates-backed company seeks permit for advanced nuclear reactor

By Zach Bright | 03/20/2024 07:00 AM EDT

TerraPower is taking steps to build a nuclear plant in Wyoming.

Nuclear startup TerraPower has chosen a site near the Naughton coal plant in Kemmerer, Wyoming (pictured).

Nuclear startup TerraPower has chosen a site near the Naughton coal plant (pictured) in Wyoming as the site for the company's proposed Natrium reactor demonstration project. Natalie Behring/AP

The first U.S. advanced nuclear power plant could be under construction in Wyoming in June, a company backed by billionaire Bill Gates said Tuesday.

TerraPower plans to ask federal regulators for a construction permit by the end of March and start building parts of the plant this June, according to Chief Financial Officer Marcia Burkey.

The move will be crucial for TerraPower and advanced nuclear developers like it to bring a fleet of next-generation reactors online. Developers argue that the reactors — often smaller than traditional nuclear units — will help meet the country’s push for carbon-free power.

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But some projects have stumbled, leaving nuclear backers waiting for a company to open the first U.S. commercial advanced reactor.

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