TerraPower, the nuclear reactor company founded by Bill Gates, and Texas-based uranium production and exploration company Uranium Energy Corp have signed a memorandum of understanding with the aim of reestablishing domestic supply chains of uranium fuel.
The companies said in a joint statement the MOU will allow TerraPower and UEC to explore the potential supply of uranium for TerraPower’s first-of-kind Natrium reactor and energy storage system.
The Natrium demonstration project, being built in Kemmerer, Wyoming, will be a commercial scale plant and will begin operations within a decade.
TerraPower and UEC have made significant investments in the nuclear fuel cycle and commercial scale deployment of clean energy projects that will directly benefit the US economy, the statement said.
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