Former Microsoft CEO Invoice Gates, middle, TerraPower CEO Chris Levesque, fifth from left, Governor of Wyoming Mark Gordon, third from left, take part within the groundbreaking ceremony for a small modular reactor facility of TerraPower in Wyoming, June 10. Courtesy of SK
The state-run Korea Hydro & Nuclear Energy (KHNP) plans to speculate $40 million in TerraPower LLC, a U.S. small-sized nuclear reactor firm based by Invoice Gates, an trade supply stated Friday.
If formally authorized by KHNP’s board, it is going to mark the primary funding by a state-run vitality agency right into a developer of small modular reactors.
KHNP “has pushed for funding into TerraPower,” the supply stated, including {that a} last resolution will likely be made on the firm’s board assembly.
KHNP is anticipated to purchase a part of a TerraPower stake owned by SK and its affiliate. Final yr, SK and its affiliate invested $250 million in TerraPower. (Yonhap)
