Bill Gates-Backed Firm Raises $750M To Develop Small Nuclear Reactors ...Middle East

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Bill Gates-Backed Firm Raises $750M To Develop Small Nuclear Reactors
TerraPower, a company working on small-scale nuclear reactor development backed by Bill Gates, has raised $750 million in investment, including from South Korea's second-largest conglomerate, to pursue its plan to manufacture mini-reactors. TerraPower, a nuclear energy technology company, raised the funding co-led by Bill Gates to manufacture nuclear reactors that would be cheaper than conventional reactors.   SK Inc, part of South Korea's SK Group, invested $250 million in TerraPower in the fundraising, the company said on Monday. As the…

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