Nvidia’s venture capital arm, NVentures, has joined a $650 million funding round for TerraPower, a nuclear energy company founded by Bill Gates. This funding aims to advance small modular reactors (SMRs) which promise cheaper and cleaner energy for data centers. TerraPower's Natrium plant in Wyoming will involve a 345-megawatt reactor with a molten salt energy storage system, although regulatory approval is still pending. Many tech companies, including AWS, Google, and Microsoft, are investing in nuclear energy initiatives, seeing it as a viable solution for energy demands of data centers.
The recent investment in TerraPower by Nvidia's NVentures highlights growing interest in nuclear energy and small modular reactors as clean energy solutions for data centers.
TerraPower's Natrium plant aims to change the dynamics of nuclear energy with a design that is easier and cheaper to build than conventional reactors, showcasing a significant evolution in power generation.
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