Latest news with #TerraPower
Yahoo
10 hours ago
- Business
- Yahoo
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.
Yahoo
11 hours ago
- Business
- Yahoo
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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19 hours ago
- Business
- Yahoo
Nvidia's (NVDA) VC Arm Joins $650 Million TerraPower Fundraise for U.S. Nuclear Deployment
TerraPower said Wednesday it raised $650 million in funding from new and existing investors, including NVentures, the venture capital division of Nvidia (NVDA, Financials), as well as HD Hyundai and company founder Bill Gates (Trades, Portfolio). Warning! GuruFocus has detected 4 Warning Signs with NVDA. The privately held nuclear energy firm said the capital will support construction of its first commercial Natrium reactor and future deployments in the U.S. and abroad. The plant, which began non-nuclear construction last year, is awaiting regulatory approval expected in 2026. The Natrium system combines advanced reactor technology with grid-scale energy storage. TerraPower, founded by Gates, is developing the reactor in partnership with GE Hitachi. Nvidia's Sid Siddeek, head of NVentures, said in the company statement that rising AI-related energy needs could increase demand for carbon-free power sources, such as nuclear. UBS acted as exclusive placement agent for the funding round. TerraPower did not disclose valuation details. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
19 hours ago
- Business
- Time of India
Bill Gates-backed nuclear power startup secures $650 million investment round, led by Nvidia and others
Bill Gates-backed nuclear power startup TerraPower has raised $650 million to support the ongoing development of its advanced nuclear reactor project in Wyoming. The funding round includes new investors like NVentures, the venture capital arm of Nvidia , and existing backers such as Gates and South Korean company HD Hyundai. The money will help continue construction of the 345-megawatt plant being built at the site of a retiring coal facility in Wyoming. The reactor aims to provide steady, carbon-free electricity to meet the growing demand from industries such as artificial intelligence and data centers. Nvidia's investment highlights growing ties between the tech industry—which needs clean, reliable power for data centers and AI—and nuclear energy firms working on new reactor designs. 'As AI continues to transform industries, nuclear energy is going to become a more vital energy source to help power these capabilities,' said Mohamed Siddeek, head of NVentures, in a statement. What to know about TerraPower's reactor by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Here's A List Of Cheapest Steel Suppliers (See The List) Steel Suppliers | search ads Search Now Undo TerraPower's reactor design has been developed in partnership with the US Department of Energy's Advanced Reactor Demonstration Project. It includes a 345-megawatt small modular reactor (SMR) combined with a molten salt energy storage system. This setup allows it to boost output up to 1 gigawatt when needed, helping balance supply and demand. Construction has already started on the non-nuclear parts of the facility, but full regulatory approval from the US Nuclear Regulatory Commission is not expected until 2026, according to The Register. The company had initially aimed to launch in 2028, but faced delays after losing access to its Russian fuel supply following the invasion of Ukraine. Alcatel V3 Ultra Unboxing & Hands-on | Dual Display Mode, Sleek Design & More! AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Express Tribune
19 hours ago
- Business
- Express Tribune
Nvidia backs $650m funding round for Bill Gates' nuclear firm TerraPower
Nuclear innovation firm TerraPower, chaired by Bill Gates, has raised $650 million in new funding to support the construction of the United States' first advanced commercial nuclear reactor, with Nvidia's venture arm, NVentures, among the key investors. The funding, which was announced through a press release, reiterated TerraPower's ultimate aim of providing clean and safe energy. 'TerraPower was founded on the idea that innovation in nuclear science could make positive, global impacts,' said Chris Levesque, the company's President and CEO. 'This round further establishes that our technologies are the solutions that industry is looking for.' The capital raise marks a major milestone for the Washington-based company, which is developing the Natrium reactor — a sodium-cooled fast reactor coupled with grid-scale energy storage — designed to offer flexible, carbon-free power that can complement intermittent sources like wind and solar. Founded by Microsoft co-founder Gates in 2006, TerraPower said the new funds will support the Natrium demonstration project's construction, which began with non-nuclear groundwork last year. Regulatory approval for the reactor is expected in 2026. 🚨MAJOR NEWS🚨TerraPower announced today the close of a fundraise round that secured $650 million. This fundraise was comprised of both new investors, including NVentures, the venture capital arm of @nvidia, and current investors. This capital raise builds on the support of… — TerraPower (@TerraPower) June 18, 2025 The funding signals growing interest among tech firms in nuclear energy as a sustainable solution to rising data centre emissions. Google, Meta, and Amazon have each signed major nuclear energy agreements in recent months. 'As AI continues to transform industries, nuclear energy is going to become a more vital energy source,' said Mohamed Siddeek, Corporate VP at Nvidia and head of NVentures. 'TerraPower's nuclear reactor technologies offer innovative, carbon-free solutions to meet global energy needs while minimising environmental impact.' TerraPower is developing the Natrium reactor in partnership with GE Hitachi. The design enables the reactor to ramp up output when needed, storing energy to better integrate with the fluctuating nature of renewable power sources. As the push for clean energy intensifies globally, TerraPower's Natrium project positions it as a key player in what could be a new era of safe, scalable, and sustainable nuclear energy.
