TerraPower Lands $650 Million From Nvidia
Bill Gatesbacked TerraPower has closed a $650 million round led by Nvidia's (NASDAQ:NVDA) NVentures to fuel its first Natrium reactor as AI's power demands surge.
The funding, which brings Nvidia's venture arm alongside existing investors like Gates and HD Hyundai, comes as TerraPower advances toward regulatory approval for its Natrium plantpoised to be the U.S.'s inaugural commercial advanced nuclear facility with modular, streamlined construction.
Warning! GuruFocus has detected 4 Warning Signs with NVDA.
Non-nuclear work kicked off last year, and with construction ramping up, this capital infusion will cover engineering, licensing and early site development. UBS (NYSE:UBS) served as the exclusive placement agent, and TerraPower remains privately held.
As AI and data centers gobble electricity, reliable, carbon-free power is critical. Nvidia's entry signals tech leaders betting on next-gen nuclear to meet soaring energy needs. If Natrium succeeds, it could reshape the energy landscapeproviding stable baseload that complements intermittent renewables and fuels compute-hungry AI.
Watch for TerraPower's licensing milestones and initial reactor blueprints next year. Success could pave the way for similar modular plants worldwideand cement nuclear's role in powering tomorrow's AI revolution.
This article first appeared on GuruFocus.
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