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Bill Gates’ TerraPower Raises $750 Million for Cheaper Nuclear

  • SK Group makes key investment as part of funding round
  • TerraPower aims to have Wyoming test plant in service in 2028

Bill Gates-backed TerraPower LLC raised at least $750 million to advance efforts to develop small-scale nuclear reactors, including a major investment from South Korean conglomerate SK Group.

SK will invest $250 million to add a stake in the technology developer, which aims to commercialize smaller and cheaper designs than conventional nuclear plants, the companies said Monday in separate statements.