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TerraPower has closed a $650 million funding round to accelerate the deployment of its Natrium® advanced nuclear reactor technology. The round includes support from NVentures—NVIDIA’s venture arm—alongside existing investors such as Bill Gates and HD Hyundai.
The funding will support the continued development of TerraPower’s Natrium® reactor, a next-generation nuclear solution that integrates gigawatt-scale energy storage. Construction of the plant’s non-nuclear components began in 2023, with nuclear regulatory approvals expected in 2025.
NVIDIA’s involvement underscores the growing intersection between AI infrastructure and clean energy, as data center energy demands surge. “Nuclear energy is going to become a more vital energy source to help power these capabilities,” said Mohamed Siddeek, Corporate VP at NVentures.
TerraPower President and CEO Chris Levesque noted the investment affirms the company’s role in global energy innovation: “This round further establishes that our technologies are the solutions industry is looking for.”
The Natrium project is set to become the first commercial advanced nuclear facility in the U.S., with international expansion also in the pipeline.
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