July 30, 2016 11:43 PM ET

Electrical Equipment

Company Overview of TerraPower, LLC

Company Overview

TerraPower, LLC, a nuclear energy technology company, develops a traveling wave reactor (TWR) for electricity production. Its TWR system is used to generate heat and produce electricity by burning fuel made from depleted uranium. The company was founded in 2008 and is based in Bellevue, Washington.

330 120th Avenue NE

Suite 100

Bellevue, WA 98005

United States

Founded in 2008

Phone:

425-324-2888

Fax:

425-324-2889

Key Executives for TerraPower, LLC

Chief Executive Officer
Age: 67
President
Chief Financial Officer
Senior Vice President of Operations
Senior Vice President of Business & Finance
Compensation as of Fiscal Year 2016.

TerraPower, LLC Key Developments

TerraPower and China National Nuclear Corporation Partner to Build New Nuclear Reactor

TerraPower, LLC has joined hands with the China National Nuclear Corporation (CNNC) to build a new type of nuclear reactor called a traveling wave reactor running on an abundant form of uranium. According to an agreement that both companies have signed, TerraPower and the CNNC will work together to complete the traveling-wave reactor design and commercialize the technology. At first a 600-megawatt prototype reactor will be built in China, with startup possible by 2020. Subsequently, a 1,150-megawatt reactor would be developed for global commercial use.

China National Nuclear Corporation Signs Nuclear Agreement with TerraPower

China National Nuclear Corporation signed an agreement on joint development of traveling­-wave reactor (TWR) technology with TerraPower, at the Chinese Province- ­US States Trade and Investment Cooperation Seminar in Seattle on September 22, 2015. The research and development of TWR technology can promote the industrial upgrading and sustainable development of nuclear power, as well as develop clean energy and reduce the use of fossil fuels.

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Recent Private Companies Transactions

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