SoKor's SK Inc. Invests $250-M In Bill Gates Nuke Firm TerraPower

South Korea's SK Inc. is investing $250 million as part of a $750 million private funding round for Bellevue, Washington-based TerraPower LLC, Steve Gelsi reported for MarketWatch of the Wall Street Journal.

Photo Insert: TerraPower has been backed by the US government, Microsoft Corp. co-founder Bill Gates and Berkshire Hathaway Inc.'s Warren Buffett.

TerraPower has been backed by the US government, Microsoft Corp. co-founder Bill Gates and Berkshire Hathaway Inc.'s Warren Buffett. The company plans to build a "next wave" Natrium nuclear power plant in Kemmerer, Wyoming.

Gates is also the founder and chairman of TerraPower, which launched in 2006. The company specializes in small modular reactors, or SMRs, to meet energy needs without generating greenhouse gas emissions (GHG).

The US Army is also pressing to secure its own SMRs using a different nuclear technology that provides each microreactor up to one-gigawatt output, which is about the consumption of a military facility.

The Army wants a nuke power plant that can be assembled within hours and can be shipped anywhere. Several companies are collaborating to deliver such a power plant in two years.

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