Advanced Reactors / Bill Gates’ TerraPower Signs MOU To ‘Reestablish Domestic Supply Of Uranium’

Agreement with Texas-based UEC could secure supply for Natrium nuclear plant

Bill Gates’ TerraPower Signs MOU To ‘Reestablish Domestic Supply Of Uranium’
The Natrium technology is a 345-MW sodium-cooled fast reactor coupled with a molten salt-based energy storage system. Courtesy TerraPower.

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.

Want to keep reading?

Register free and get full access to NucNet for 14 days. No card required.

Republish or license this article

MORE THAN 30 YEARS OF NUCLEAR INDUSTRY REPORTING.

Subscribe for full access to every article, the archive and the SMR and AMR database.

Join NucNet