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Amazon and Meta have also begun working to lock in deals to secure future nuclear power for their data centers. The push for nuclearAlready, lawmakers are lining up to support expanding nuclear power. And during this year’s COP28 climate talks, the United States joined more than 20 other countries in pledging to triple global nuclear energy capacity by 2050. Other recent US efforts to build new nuclear reactors have been plagued by delays and cost overruns. TerraPower says its design is smaller and simpler than traditional nuclear reactors, and its system would use sodium for cooling, rather than traditional water-cooled reactors.
Persons: Sam Altman, It’s, Altman, , , Sharon Squassoni, George Washington University who’s, Anna Erickson, isn’t, Dustin Moskovitz, Reid Hoffman, Peter Thiel’s, Bill Gates, Jeff Bezos, Donald Trump’s, Chris Wright, Joe Biden, ” Erickson, Megan Wilson, Wilson, ” Wilson, Edwin Lyman, , ” Lyman, Oklo, TerraPower, Altman’s Oklo, Jacob DeWitte, it’s, Gates, ’ TerraPower, Kemmerer, Natalie Behring, ” Gates, Trump, ” Squassoni, – CNN’s Allison Morrow, Ella Nilsen Organizations: New, New York CNN, George Washington University, UBS, JPMorgan, Tech, Microsoft, Meta, Georgia Tech, Helion Energy, Oklo, Facebook, LinkedIn, Google, Technologies, Amazon, Fusion, Invest, Liberty Energy, Advance, United States, General Fusion, CNN, , Union of Concerned, MIT, AltC, United, Naughton Power, NPR, Nuclear Regulatory Locations: New York, United States, Pennsylvania, Wyoming, Oklo, Gabon, Idaho, Russia, Ukraine, Kemmerer , Wyoming
This fuel is set to power the next generation of America’s nuclear reactors — small, modular power stations that are easier and cheaper to build. They require far less upkeep and physical space than the aging fleet of large nuclear power plants. “In order to meet our energy security needs and our climate goals, we do need significantly more nuclear energy deployed.”The nuclear power industry is increasingly looking to smaller reactors, which run on HALEU. The uranium for conventional reactors is enriched up to 5% and HALEU is uranium enriched between 5-20%. Highly enriched uranium is anything more than 20% and is used in weapons or naval submarines.
Persons: , Michael Goff, Bill Gates, , Jeff Navin, , hasn’t, Benjamin Rasmussen, Jeff Chamberlin, Goff, Dan Leistikow, Josh Jarrell, Leistikow, Centrus, TerraPower’s Navin, ” Navin Organizations: CNN, Manhattan Project, National Nuclear Security, US, Energy, of Nuclear Energy, Idaho National Laboratory, Department of Energy, New York Times, United, US Energy Department, Miller, Centrus Energy, Idaho National Laboratories, Idaho National Labs, Energy Department, DOE Locations: Oak Ridge , Tennessee, Oak Ridge, Tenneseee, United States, Russia, Ukraine, Idaho, Wyoming, Kemmerer , Wyoming, Congress
TerraPower CEO Chris Levesque on next-generation nuclear power
  + stars: | 2024-04-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTerraPower CEO Chris Levesque on next-generation nuclear powerTerraPower CEO Chris Levesque joins 'The Exchange' to discuss the Natrium nuclear plant, which is planned to be constructed in Kemmerer, Wyoming, the footprint the plant serves, and more.
Persons: Chris Levesque Locations: Kemmerer , Wyoming
TerraPower, which Bill Gates founded, plans to build its first nuclear power plant in the US. CEO Chris Levesque told the Financial Times it wants to start work on a site in Wyoming in June. AdvertisementA company cofounded by Bill Gates is about to start building next-generation nuclear power plants in the US. AdvertisementMost of the initial work at the Kemmerer site won't be related to nuclear activity, Levesque said. AdvertisementIn October last year TerraPower missed out on making the shortlisted for the next round of the UK government's competition for small nuclear plants.
Persons: Bill Gates, Chris Levesque, TerraPower, , hasn't, Levesque, Gates Organizations: Financial, Service, Financial Times, Department of Energy, CRV, Khosla Ventures, Reuters, Royce Locations: Wyoming, Kemmerer , Wyoming, Ukraine, Britain
The Biden administration is channeling hundreds of millions of dollars from recent legislation into its efforts to turn coal communities into clean energy hubs, the White House said Tuesday. The effort includes $450 million from the Bipartisan Infrastructure Law that the Department of Energy will allocate to an array of new clean energy demonstration projects on former mine lands. Many of the initiatives are made possible through the Bipartisan Infrastructure Law, Chips and Science Act and the Inflation Reduction Act. The administration touted the potential benefits of the Inflation Reduction Act, a bill passed by Democrats to spur clean energy investments last year. The Biden administration said the working group has funneled over $14.1 billion in federal investments into the select communities.
An artist rendering of the advanced nuclear power reactor demonstration project that Bill Gates' nuclear innovation company, TerraPower, plans to build in the frontier-era coal town, Kemmerer, Wyoming. TerraPower's advanced reactor demonstration will face delays of at least two years because its only source of fuel was Russia, and the Ukraine war has closed the door on that trade relationship. Wyoming Senator John Barrasso, a Republican, thinks it's a wake-up call for the U.S."America must reestablish itself as the global leader in nuclear energy," Barrasso said in a written statement. "Instead of relying on our adversaries like Russia for uranium, the United States must produce its own supply of advanced nuclear fuel." Barrasso also sent a letter to the Energy Secretary Jennifer Granholm to urge the United States to move faster in securing a source of HALEU.
The fuel, called high assay low enriched uranium, or HALEU, is enriched up to 20%, much above the up to 5% level today's reactors use. "TerraPower is anticipating a minimum of a two-year delay to being able to bring the Natrium reactor into operation," he said. The Department of Energy (DOE) is looking to downblend some of its stockpile of weapons-grade uranium to help provide fuel for the reactor projects. Levesque said TerraPower will provide a schedule update next year when it knows more about HALEU supply including the availability of DOE material for downblending. Only one company outside Russia, U.S.-based Centrus Energy Corp (LEU.A) is licensed to produce the fuel but it is years away from making commercial amounts.
BlockFi users must still account for gains and/or losses on their 2022 taxes, but there are ways to reduce your tax bill. The crypto lender says it's requesting approval from the Court to restore withdrawal activities for those with BlockFi Wallet accounts. BlockFi also asked users not to submit any deposits to the BlockFi Wallet or its interest accounts. Georgia Quinn, General Counsel of Anchorage Digital, believes coverage for crypto users could be stronger. In addition, users are typically last to receive payouts in the event of crypto bankruptcy, since companies settle debts with creditors first.
People walk past a JCPenney store at the Queens Center Mall in New York in 2016. The Denver Post/Getty Images Shoppers hurry across an intersection in front of a JCPenney store in Denver in 1964. Anne Cusack/The Los Angeles Times/Getty Images Customers shop at a new JCPenney store in New York in 2009. Mary Altaffer/AP A customer goes down an escalator at a JCPenney store in Westminster, Colorado, in 2009. Don Emmert/AFP/Getty Images JCPenney CEO Jill Soltau speaks during an interview in Fort Worth, Texas, in 2019.
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