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Bechtel Exits TerraPower's Sodium-Cooled Reactor Project

U.S. engineering, procurement, construction (EPC) and project management company Bechtel has decided to withdraw from TerraPower's Natrium nuclear reactor project. TerraPower stated that both parties have decided to develop independently and will re-tender the project's engineering, procurement and construction contract for building the first Natrium nuclear reactor in Kemmerer, Wyoming, USA.

2026-09-23

UK's First TerraPower Natrium Reactor Could Generate Power by 2034

TerraPower, the US nuclear power company backed by Bill Gates, expects its Natrium sodium-cooled reactor could generate electricity in the UK as early as 2034. If the project progresses smoothly, the UK will become the company's first market for deploying this technology outside the United States. TerraPower CEO Chris Levesque said that given the company's first Natrium reactor project is scheduled for completion in 2031, the Natrium technology is highly likely to become a reality in the UK by 2034. The technology has already met relevant US regulatory requirements, and the first unit is under construction in Wyoming. In recent years, the UK has accelerated the development of small modular re...

2026-09-08

US TerraPower Awards Additional Natrium Reactor Supplier Contracts

US nuclear innovation company TerraPower announced on August 31 that it has selected 12 suppliers to continue advancing the supply chain for its first Natrium nuclear power plant—Kemmerer Unit 1 in Wyoming, USA. The project is currently under construction, and TerraPower describes it as the first utility-scale advanced reactor project under construction in the Western Hemisphere. Pat Young, Senior Vice President of TerraPower and Director of the Natrium Project, stated that securing supplier contracts is a critical step in building the resilient supply chain needed for advanced nuclear power plant construction. With the signing of these contracts, the company is expanding its network of qualified partners and advancing the key milestones required for Natrium reactor commercialization.

2026-09-01

TerraPower Plans to Deepen South Korean Supply Chain Cooperation to Advance K-Sodium SMR Business Model

TerraPower CEO Chris Levesque recently stated that South Korea possesses strong nuclear supply chain capabilities, with both a foundation in small modular reactor (SMR) construction and familiarity with the stable power demands of AI data centers, semiconductors, and other industries. TerraPower plans to further strengthen cooperation with South Korean companies in supply chain and project manufacturing. Levesque stated that small modular reactors are not a technology intended to replace traditional large-scale nuclear power plants, but rather a new class of energy solution targeting incremental electricity demand in the AI era. He recently met with TerraPower Chairman Bill...

2026-08-19

Hyundai E&C Signs Framework Agreement with TerraPower for Natrium Nuclear Power Plant Project

Hyundai Engineering & Construction announced on the 18th that it has signed a framework agreement with U.S. nuclear energy company TerraPower for the execution of the Natrium next-generation nuclear power plant project. Under the agreement, Hyundai E&C has been granted priority status to serve as the engineering, procurement, and construction (EPC) general contractor for up to eight additional Natrium nuclear units developed by TerraPower. The signing ceremony was attended by senior executives from both companies, including Hyundai E&C CEO Lee Han-woo and TerraPower CEO Chris Levesque. The two parties plan to expand cooperation in the nuclear energy sector and jointly explore new business opportunities...

2026-08-18

SK Deepens Cooperation with TerraPower, Targeting Nuclear Power Supply for AI Data Centers

According to industry sources, SK Group Chairman Chey Tae-won recently met with TerraPower Board Chairman Bill Gates in Seoul. The two sides exchanged views on next-generation nuclear power technology, electricity demand from AI data centers, and global energy cooperation. (From left to right) TerraPower CEO Chris Leveque, SK Innovation CEO Choo Hyung-wook, SK Group Chairman Chey Tae-won, TerraPower Board Chairman Bill Gates, and TerraPower Senior Vice President of Business Development Jeff Miller at a meeting before a dinner at Seonhyewon restaurant in Jongno-gu, Seoul, on August 14, 2026...

2026-08-17

Korea Eximbank to Promote Financial Cooperation with TerraPower on Small Modular Reactors

The Export-Import Bank of Korea (KEXIM) is in talks on financial cooperation with TerraPower, a U.S. next-generation nuclear energy company, with both sides planning to establish a support mechanism centered on the commercialization of small modular reactors (SMRs) and overseas market expansion. According to KEXIM, bank Chairman Hwang Gi-yeon recently met with TerraPower Chairman Bill Gates, and the two sides exchanged views on expanding the global SMR ecosystem and advancing Korea-U.S. next-generation nuclear energy cooperation. TerraPower was founded by Bill Gates in 2008 and focuses on developing next-generation nuclear energy technologies. The company has developed the "Natrium" next-generation reactor using sodium-cooling techn...

2026-08-16

Bill Gates Visits South Korea to Promote TerraPower Small Modular Reactor Cooperation

Bill Gates recently held a series of intensive meetings in South Korea with government agencies, financial institutions, and nuclear power industry chain companies, discussing the commercialization of TerraPower's small modular reactor (SMR), supply chain development, and global market expansion. Gates is the founder of TerraPower, which is advancing a next-generation small modular reactor project based on sodium-cooled fast reactor technology. Korea Eximbank (KEXIM) President Hwang Ki-yeon said on the 14th that he had met with Gates, and the two sides discussed financial cooperation plans needed for SMR commercialization and global market entry. Korea Eximbank plans to provide Terra...

2026-08-15

U.S. nuclear company TerraPower partners with Korean firms to advance Natrium advanced nuclear deployment in America

U.S. nuclear company TerraPower, backed by Bill Gates, is accelerating the commercialization of its advanced nuclear reactors. The company announced on August 14 that it has reached cooperation agreements with South Korea's Hyundai Engineering & Construction and SK Innovation, aiming to advance the deployment of up to eight 345 MW Natrium reactors in the U.S. nuclear expansion. The first plant is expected to be completed by 2030, a timeline that underscores the urgency of deploying next-generation nuclear technology in the United States. Under the agreement, Hyundai Engineering & Construction has been selected as the engineering, procurement, and construction contractor for up to eight future Natrium reactor projects. The cooperation arrangement also includes related financing guarantee mechanisms, intended to enhance project bankability and reduce uncertainties in the early stages of large-scale construction. TerraPower President and CEO Chris Levesque stated that this marks a new phase of international cooperation with leading Korean institutions, reflecting the growing reliance of advanced nuclear projects on cross-border supply chains and engineering capabilities.

2026-08-15

Doosan Enerbility Secures Manufacturing Contract for Key Equipment for TerraPower's Small Modular Reactor

Doosan Enerbility announced on August 14 that it has signed a manufacturing contract with TerraPower to produce key equipment for the latter's Natrium advanced reactor project. TerraPower, founded by Bill Gates, is one of the advanced nuclear energy technology companies in the United States. Under the contract, Doosan Enerbility will be responsible for manufacturing key components required for the Natrium reactor, including the reactor protection vessel, reactor support structures, and reactor internal structures. The two parties have previously collaborated. In December 2024, Doosan Enerbility and TerraPower signed a manufacturability review contract for key equipment for the first unit of the initial small modular reactor, and...

2026-08-14

Bill Gates Visits South Korea to Deepen SMR Cooperation with Korean Companies

Bill Gates, co-founder of Microsoft, founder of TerraPower, and chairman of the Gates Foundation, visited South Korea on August 13. This marks his first visit to the country since August last year, with the primary agenda of expanding cooperation in the field of small modular reactors (SMRs). At approximately 9:20 p.m. local time on the 13th, Gates arrived at Gimpo Business Aviation Center at Seoul Gimpo Airport via private jet. During his visit, he plans to meet with figures from the South Korean government, the National Assembly, and the business community. It is reported that Gates is scheduled to meet with South Korean Prime Minister Han Seong-sook on the 14th, with the meeting having been proposed by Gates' side...

2026-08-14

HD Hyundai Chairman to Meet Bill Gates to Advance SMR Cooperation

HD Hyundai Chairman Chung Ki-sun will meet Bill Gates, who is visiting South Korea, on August 14, with the two sides planning discussions on cooperation in small modular reactors (SMRs). Gates, co-founder of Microsoft, also serves as chairman of TerraPower, a U.S. small modular reactor company. This will be the latest round of communication between Chung and Gates on related cooperation, following their meeting earlier this year at the Davos Forum in Switzerland. HD Hyundai and TerraPower have been steadily strengthening cooperation in SMR and advanced reactor manufacturing in recent years. In November 2022, HD Korea Shipbuilding & Marine Engineering invested $30 million in TerraPower. In December 2024, HD Hyundai secured an order to manufacture the reactor vessel for TerraPower's 345 MW sodium-cooled fast reactor (SFR) to be built in Wyoming, U.S.

2026-08-13

South Korea's Taesung advances order for Unit 2 of US TerraPower SMR, pivoting to new track in nuclear power and gas turbine forgings

South Korean open-die forging company Taesung is accelerating its entry into the small modular reactor (SMR) supply chain. Data shows that Taesung secured its first order in June this year for rotating plug components of the primary equipment for Unit 1 of US-based TerraPower's SMR, and is expected to advance follow-up orders for related components of Unit 2 of the same project in September. The rotating plug is installed on the upper section of the reactor to support nuclear fuel replacement and in-vessel equipment maintenance, requiring high material resistance to high temperatures and radiation, as well as large-scale forging capabilities. This order therefore not only carries revenue significance but also demonstrates the company's technical validation value in the high-end nuclear power forging segment. TerraPower, founded by Microsoft founder Bill Gates, is developing...

2026-08-07

TerraPower Isotopes to Donate Actinium-225 via Oncidium Foundation to Support Cancer Treatment Accessibility

TerraPower Isotopes (TPI), a subsidiary of U.S. nuclear innovation company TerraPower, announced on July 29 that it will coordinate the donation of the rare medical isotope actinium-225 (Ac-225) through the Oncidium Foundation to support economically disadvantaged cancer patients in accessing targeted radionuclide therapy. The Oncidium Foundation is a non-profit organization dedicated to promoting global access to targeted radionuclide cancer treatments. Its RLT-Connect program aims to help financially challenged patients access relevant therapies, reducing treatment disparities caused by geographic and economic conditions. This donation also marks TPI's entry into Oncidium's collaborative ecosystem of radioisotope suppliers, medical practitioners...

2026-07-30

Bill Gates May Visit South Korea Next Month, Advanced Nuclear Energy and AI Cooperation Expected to Be on Agenda

Industry insiders revealed on July 29 that Bill Gates, co-founder of Microsoft and chairman of the Gates Foundation, plans to visit South Korea as early as next month and has requested a meeting with South Korean Prime Minister Han Duck-soo's office. Currently, both sides are coordinating the meeting time and agenda, with the specific visit date and meeting arrangements yet to be confirmed. If the visit proceeds, it will be Gates' second engagement with South Korea on advanced industrial cooperation following his trip last year. In August last year, Gates visited South Korea, focusing on discussing cooperation plans in areas such as artificial intelligence and next-generation small modular reactors (SMRs). During the visit, Gates also...

2026-07-30