TerraPower

TerraPower is a privately funded initiative focused on the development of a new reactor and simplified nuclear infrastructure.

Location: 
Bellevue, WA
Type: 
VC-Funded Company
Category: 
Nuclear
Website: 
http://www.terrapower.com

TerraPower, LLC is a privately funded initiative focused on the development of a new reactor and simplified nuclear infrastructure. Objectives include (1) reduction, and eventual elimination, of the need for enrichment facilities; (2) elimination of any future need for chemical separations-based reprocessing facilities; (3) utilization of natural or depleted uranium as fuel; and (4) achievement of a COE competitive with clean coal plants. Participants include 65 individuals from UC Berkeley, MIT, UNLV, ANL, Burns & Row, CBCG, and Intellectual Ventures.

TerraPower’s innovative reactor designs could avoid the well- known limitations of current plants, nearly all of which employ nuclear reactor technology that dates back to the 1950s. Today’s reactor designs require rare, enriched uranium fuel, but can extract only a small fraction of the energy in that fuel. As a result, these reactors produce too much waste, consume too much of our dwindling and increasingly costly uranium resources, and require frequent and expensive refueling.

The TerraPower initiative is advancing a comprehensive program to improve the technology of reliable nuclear plants. Its business approach presents an important alternative to create a financially and socially attractive emission-free energy that is safe and sustainable.

TerraPower is a Khosla Ventures cleantech portfolio company.

TerraPower is one of the GoingGreen 2009 top 100 private companies.

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