Natrium 345 MW Sodium-Cooled Fast Reactor — Kemmerer Power Station Unit 1, Wyoming
TerraPower Series funding round. Lead investor NVentures (NVIDIA's venture arm), with Bill Gates and HD Hyundai. First commercial advanced nuclear in US. Sodium-cooled fast reactor with molten salt energy storage (can ramp to 500 MW for ~5.5 hours). Site adjacent to retiring Naughton coal plant. Complements existing ~$2B DOE Advanced Reactor Demonstration Program award. NRC final safety evaluation issued for construction permit.
$650M
Deal Value
345MW
Capacity
Nuclear
Technology
WY
Location
Deal Details
- Deal Type
- Strategic & Growth Capital
- Seller / Sponsor
- TerraPower
- Buyer / Financier
- NVentures (NVIDIA), Bill Gates, HD Hyundai (existing investors)
- Deal Value
- $650M
- Stage
- Construction
- ISO/RTO
- Western
- Source
- TerraPower
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