Bill Gates is all in on nuclear energy

Artificial intelligence might eventually take over many jobs, but before that happens, the data centers it depends on will need a massive amount of electricity.

AD_SHOULD_BE_HERE

How do we power these centers and millions of U.S. homes and businesses without increasing climate-warming gas emissions?

Bill Gates, Microsoft founder, billionaire philanthropist, and investor, believes that nuclear power is the solution to this problem. He is investing his own money to make it happen.

Gates has invested $1 billion into a nuclear power plant that just broke ground in Kemmerer, Wyoming. This new facility, designed by Gates-founded TerraPower, will be smaller than traditional fission nuclear power plants and, in theory, safer because it will use sodium instead of water to cool the reactor’s core.

AD_SHOULD_BE_HERE

TerraPower estimates the plant could be built for up to $4 billion, which is relatively inexpensive compared to other recent U.S. nuclear projects. For instance, two nuclear reactors built from scratch in Georgia cost nearly $35 billion, according to the Associated Press.

Construction on the TerraPower plant is expected to be completed by 2030.

Gates recently discussed his multibillion-dollar nuclear power investment in an interview with Morning Edition host Steve Inskeep at NPR headquarters. They also talked about the benefits and challenges of artificial intelligence, which the new plant might eventually help power.

AD_SHOULD_BE_HERE

This interview has been edited for length and clarity.

Steve Inskeep: Let me ask about a couple of groups that you need to persuade, and one of them is long-time skeptics of the safety of nuclear power, including environmental groups and people who will put pressure on some of the political leaders you've been meeting here in Washington. Are you convinced you can make a case that will persuade them?

Bill Gates: Absolutely. The safety case for this design is incredibly strong just because of the passive mechanisms involved. People have been talking about it for 60 years; this is the way these things should work.

AD_SHOULD_BE_HERE

Steve Inskeep: Meaning if it breaks down, it just cools off.

Bill Gates: Exactly.

AD_SHOULD_BE_HERE
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.