Gates and Buffett funding $1 billion into nuclear reactor
By MYBRANDBOOK
Gates and Warren Buffett, the two business leaders, have announced that TerraPower, an innovative nuclear power company which Gates founded more than a decade ago, and PacifiCorp, a subsidiary of Berkshire Hathaway, has chosen Wyoming as the site for the first Natrium plant, an advanced nuclear reactor.
Estimated to cost $1 billion, the Natrium demonstration project consists of a 345 megawatt (MW) sodium-cooled fast reactor as well as a molten salt-based energy storage system, which can boost the system's power output to 500 MW on demand for more than five and a half hours -- equal to the energy required to power about 400,000 homes. According to TerraPower, the advanced technology included in the Natrium project allows it "to integrate seamlessly with renewable resources and could lead to faster, more cost-effective decarbonization of electricity generation."
Chris Levesque, president and CEO of TerraPower, said, "Together with PacifiCorp, we're creating the energy grid of the future where advanced nuclear technologies provide good-paying jobs and clean energy for years to come," adding that "The Natrium technology was designed to solve a challenge utilities face as they work to enhance grid reliability and stability while meeting decarbonization and emissions-reduction goals."
TerraPower, which received $80 million in initial funding from the Department of Energy in October 2020 to validate the technology, expects to reveal the exact location of the facility by the end of 2021.
BREAKING NEWS
TECHNO TRENDS
Happiest Minds brings in an innovative GenAI chatbot
Happiest Minds Technologies has announced the new GenAI chatbot - ‘hAPPI...
Government mandates encryption for CCTV cameras to ensure netw
In the wake of issuing an internal advisory on securing CCTV cameras at g...
TRAI recommends allowing only Indian entities to participate i
The Telecom Regulatory Authority of India (TRAI) has recommended that onl...
Galaxy AI is available on more devices with Samsung One UI 6.1
Samsung has expanded the range of smartphones to which One UI 6.1 and Gala...
E-Magazine
TECHNOTAINMENT
Disney+ Hotstar wins the Best OTT Platform of the year
Film Critics Guild and Group M Motion Entertainment, in collaboration with
Miss World 2024: Krystyna Pyszková of the Czech Republic wins
Krystyna Pyszková of the Czech Republic has been crowned as the 71st Miss
MOVERS & SHAKERS
Brillio appoints Ashish Singh to its Board of Directors
Brillio has announced that Ashish Singh has been appointed to the company
JSW One Platforms ropes in Dr Ranjan Pai as Independent Direct
JSW One Platforms, part of US$23 billion JSW Group has appointed Dr Ranjan
OPEN YOUR EYES
INTERVIEWS
Check Point takes pride in providing customers with the best c
Check Point has categorized its 80 products and technologies into four main
HPE’s transformation into an edge-to-cloud company is its un
Hewlett Packard Enterprise (HPE) is driving towards one customer experience
HOT PICK
HP launches first laptop in India with Microsoft CoPilot butto
HP has launched sleek and stylish Envy x360 14 laptops in India which beco
OnePlus debut its Nord CE4 smartphone
OnePlus Nord CE4 continues the trend of attention-grabbing design with two
MAKE IN INDIA BRANDS
AMARA RAJA POWER SYSTEMS LTD.
POLYCAB INDIA PVT. LTD.
HP INDIA SALES PVT. LTD.
TATA CONSULTANCY SERVICES
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Dilip Asbe
Dilip Asbe is the MD & CEO of National Payments Corporation of India (...
Technology Icons Of India 2023: Amit Chadha
. An influential leader in the engineering services industry for over ...
Technology Icons Of India 2023: Alok Ohrie
Alok plays a critical role in the Government of India’s Atal Innovat...
PARTNER SPEAKERS
PSU
BSE provides highly secure, efficient and transparent market for trading
BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first & t...
ECIL continues to keep India ahead in the growth of Information Technology and Electronics
ECIL played a very significant role in the training and growth of high...
New defence PSUs will help India become self-reliant
MIL, India’s biggest manufacturer and market leader is engaged in Pr...
VIDEOS
Top 25 Brands
Value-Added Distribution
TEXONIC INSTRUMENTS
Texonic has carved a niche for itself in the Technology Distribution i...
IRIS GLOBAL SERVICES PVT. LTD.
Iris Global services is one of the leading distribution houses that d...
M. TECH SOLUTIONS (I) PVT. LTD.
M.Tech is a leading cyber security and network performance solutions ...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
