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Bill Gates-Backed TerraPower Wins US Approval For Advanced Nuclear Reactor

The 345-megawatt Natrium reactor is the first commercial advanced nuclear plant approved in a decade, expected to provide power for up to 400,000 homes, NRC said.

  • On March 4, 2026, the U.S. Nuclear Regulatory Commission awarded TerraPower LLC a construction permit for Kemmerer Unit 1, marking the first advanced commercial reactor permit in eight years.
  • Under the Advanced Reactor Demonstration Program, the NRC trimmed seven months from environmental review last year, citing policy actions and the complete application from TerraPower.
  • The Natrium reactor design pairs a 345-megawatt sodium-cooled fast reactor with a molten salt-based energy storage system that can boost output to 500 megawatts, powering up to 400,000 homes.
  • Having begun non-nuclear site work in 2024, TerraPower now plans to start full construction in the coming weeks and targets commercial service in 2031, backed by $4 billion from the DOE, with an operating license application planned for 2027 or early 2028.
  • Bill Gates, Microsoft co-founder and TerraPower investor, sits amid a growing advanced nuclear sector where TerraPower’s Natrium leads DOE’s ARDP, while other developers like Kairos Power LLC and Natura Resources LLC advance smaller systems.
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TerraPower, a next-generation small modular reactor (SMR) company in the United States, received approval from the Nuclear Regulatory Commission (NRC) on the 4th (local time) to build a commercial advanced nuclear power plant. This marks the first time in 10 years that the NRC has approved the construction of a new commercial nuclear power plant, and its first approval for SMR construction. TerraPower will begin construction of a commercial SMR …

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Reuters broke the news in United Kingdom on Wednesday, March 4, 2026.
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