Nvidia wants in on the nuclear renaissance, invests in Bill-Gates backed TerraPower

Nvidia has made its first energy sector investment through its venture arm, NVentures, by participating in a funding round for TerraPower, a nuclear startup backed by Bill Gates and HD Hyundai. TerraPower is developing its Natrium reactor, designed to generate 345 megawatts of electricity, which positions it between large conventional reactors and smaller modular reactors. Unlike traditional water-cooled reactors, Natrium uses molten sodium as a coolant and incorporates a significant amount of sodium to store heat when electricity demand is low. This stored heat can then be used to generate electricity during peak demand, enabling the reactor to operate steadily while helping to balance intermittent renewable energy sources like solar and wind. TerraPower initially pursued a different reactor design but shifted to the Natrium design due to uncertainties. The company claims it can complete a reactor within three years after starting concrete work, although substantial site preparation is still required. While the Natrium reactor is expected to be cheaper than recent U.S. nuclear projects, costs remain high