Why Bill Gates’ TerraPower chose Wyoming for the Natrium reactor project

The pilot project between Wyoming and TerraPower will use an existing coal-fired plant for the Natrium reactor project.

Wyoming will join forces with Bill Gates’ TerraPower LLC to house the first Natrium reactor, a move proponents hope will help diversify the state’s economy while accelerating the nation’s transition to clean energy.

TerraPower, founded by Bill Gates in 2006, and power company PacifiCorp, owned by Warren Buffett’s Berkshire Hathaway, said on Wednesday the exact site of the Natrium nuclear reactor plant is expected to be announced by the end of the year. The plant, featuring a sodium reactor and molten salt energy storage system, is an advanced reactor that runs on fuels rather than traditional reactors. It is regarded by experts as an important carbon-free technology that can supply intermittent power sources like solar and wind as states across America strive to reduce emissions to curb climate change.

Bill Gates TerraPower Natrium Nuclear Reactor Project

Billionaire Bill Gates’ nuclear reactor company TerraPower LLC & PacifiCorp have selected the state of Wyoming to launch the first Natrium reactor project on the site of a retiring coal plant.

“We think Natrium will be a game-changer for the energy industry,” Gates told a media conference to launch the project in Cheyenne, Wyoming.

‘Future of energy is here’: Natrium Reactor Project

Wyoming’s Natrium nuclear reactor project features 345 megawatt sodium-cooled fast reactors with molten salt-based energy storage that has the potential to boost the system’s power output to 500MW during peak power demand. TerraPower said last year that the nuclear plants would cost about $1 billion.

The exact location of the nuclear reactor is yet to be decided. It will replace a current coal-fired plant operated by PacifiCorp. According to Gary Hoogeveen, president and CEO of PacifiCorp division Rocky Mountain Power, the aim is to decide by the end of 2021 which of the company’s four plants in Wyoming will house the Natrium nuclear power plant: Naughton in Kemmerer, Wyodak near Gilette, Dave Johnston in Glenrock, or Jim Bridger near Rock Springs.

U.S. Department of Energy Secretary Jennifer Granholm, who also spoke remotely at the launch event, said the new reactor will produce 345 megawatts of power.

Wyoming Nuclear Reactor Project natrium TerraPower

Natrium liquid sodium coolant & dispenses stored heat as needed to produce energy.

“We are ready to make investments in advanced nuclear technology so that communities all over the country can enjoy the benefits of safe and reliable and clean power that will leave them with lower energy bills and greater opportunities,” Granholm said.

The nuclear reactor will use small, modular reactors. Each of these reactors can be used individual or be combined to create a single large nuclear power plant. TerraPower was one of two clear energy companies to receive an $80 million Federal Energy Department grant in October.

 “This country is going to continue to depend on Wyoming energy for decades and decades to come,” Sen. John Barrasso said at the conference.

Why Wyoming?

Wyoming is an interesting choice for TerraPower’s reactors but not an unlikely one. It is a top uranium-mining state, and the Natrium reactor project would use uranium from “in situ” mines that extract the metal from a grid of water wells on the high plains.

TerraPower’s nuclear reactor will create a common ground between Wyoming and the current administration. Regulating greenhouse gases is a touchy subject as it is still a top producer of carbon dioxide from its coal, oil and natural gas industries.

Wyoming is also the top coal mining state. With the U.S. coal industry waning the state’s leaders are scrambling to position Wyoming as a clean energy producing state. The reactor would give the state a new lease of life as it grapples with a downturn in its energy sector, along with the coronavirus crisis, prompted by multiple budget cuts due to a decline in revenues.

“Wyoming has been a leader in energy for over a century and we hope our investment in Natrium will help Wyoming to stay in the lead for many decades to come,” said Gates during the conference.

Anna Domanska
Anna Domanska is an Industry Leaders Magazine author possessing wide-range of knowledge for Business News. She is an avid reader and writer of Business and CEO Magazines and a rigorous follower of Business Leaders.

Recent Posts

Why Is Squid Game So Popular?

Why Is Squid Game So Popular?

The Squid Game segments were watched by at least 132 million people in the first 23 days of the show on Netflix. Know what excited the viewers.
10 hours ago
Amazon under Congressional scrutiny for pushing own products over others

Amazon under Congressional scrutiny for pushing own products over others

US judiciary Antitrust Committee writes a letter saying that Amazon is given time till November 1 to prove that it utilizes seller data available to create competing products and p
1 day ago
Porsche’s Taycan EV outsells ICE powered its 911 sports car

Porsche’s Taycan EV outsells ICE powered its 911 sports car

The Porsche Taycan EV has outsold the Porsche 911 sports car for the first time since it was introduced in 2019 by the German automaker.
2 days ago
Tesla expected to make a killing in Bitcoin profits in next earning report

Tesla expected to make a killing in Bitcoin profits in next earning report

The price of Bitcoins has rallied to another high in October after hitting around $64,800 in April. This time it has hit over $58,000 on Oct. 14.
3 days ago
Tesla Cybertruck V/s Rivian’s R1T

Tesla Cybertruck V/s Rivian’s R1T

The Tesla Cyberturck left many disappointed with its alien space ship-like design; though both trucks are still under production, what matters most is what comes under the hood.
5 days ago
College sports is multibillion dollar industry in the US

College sports is multibillion dollar industry in the US

According to data analyzed by GOBankingRates, head football coaches, closely followed by basketball coaches, easily rack up seven-figure salaries in the US.
6 days ago