• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsNuclear

Bill Gates-backed firm gets permission to build sodium-cooled nuclear reactor in Wyoming

By
Mead Gruver
Mead Gruver
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Mead Gruver
Mead Gruver
and
The Associated Press
The Associated Press
Down Arrow Button Icon
March 5, 2026, 2:49 PM ET
gates
Bill Gates attends a dinner with President Donald Trump in the State Dining Room of the White House, Sept. 4, 2025, in Washington. AP Photo/Alex Brandon, File

The U.S. Nuclear Regulatory Commission on Wednesday approved its first construction permit for a commercial nuclear reactor in eight years, one that will allow a Bill Gates-backed company to build a sodium-cooled reactor in western Wyoming.

Recommended Video

TerraPower filed for the permit in 2024 and construction is now set to begin within weeks. Completion of the up to $4 billion plant is targeted for 2030, according to TerraPower. Microsoft co-founder Gates, who is eyeing nuclear generation as a power source for the electricity-hungry data centers behind artificial intelligence, is a founder of TerraPower and its primary investor.

“We have spent thousands of manpower hours working to achieve this momentous accomplishment,” TerraPower President and CEO Chris Levesque said in a statement.

The TerraPower plant is set to be built near a coal-fired power plant that is being converted to burn natural gas outside Kemmerer, a town of about 2,500 people some 130 miles (210 kilometers) northeast of Salt Lake City.

Gates and his energy company are seeking to develop a next-generation nuclear plant that would “revolutionize” how power is generated. The 345-megawatt reactor is expected to produce up to 500 megawatts at its peak, enough energy for up to 400,000 homes.

Construction at the TerraPower plant site — though not on the reactor itself — began in 2024.

The reactor construction permit for a TerraPower subsidiary is the NRC’s first approval for a non-light-water commercial reactor in more than 40 years, the NRC said in a statement.

Virtually all of the world’s commercial nuclear reactors use water to control reactions and transfer heat to drive turbines and produce electricity.

The NRC last issued a construction permit for a conventional light-water reactor to Florida Power & Light Company for a power plant south of Miami in 2018. That project has yet to be built.

The TerraPower reactor would use molten sodium, not water, as a coolant.

The last commercial non-light-water reactor in operation in the U.S. was the Fort St. Vrain nuclear plant in northern Colorado. The problem-plagued, helium-cooled plant produced electricity from the mid-1970s until it was shut down in 1989.

In October, Gates told reporters he thinks nuclear power will be a “gigantic contributor” to powering data centers. He had recently met with Energy Secretary Chris Wright, Interior Secretary Doug Burgum and various members of Congress and said the government was “very involved” in the TerraPower reactor.

“I wish I could deliver nuclear fission like three years earlier than I can, because then we’d have a perfect match to the current demand pattern of these data center guys,” he said.

The plant would use a highly enriched form of uranium that in recent years has been obtainable only from Russia. TerraPower has been lining up other sources to produce the fuel domestically and in South Africa, according to the company.

While the Trump administration pushes toward nuclear power, the federal government has yet to address the thousands of tons of spent fuel that have been piling up for decades at nuclear plants nationwide. New Mexico and Texas have dug in their heels to keep from becoming dumping grounds in the absence of a permanent solution.

In January, the U.S. Department of Energy announced it was taking what it called a first step toward possible partnerships with states to modernize the fuel cycle, including reprocessing spent fuel and disposing of waste. The agency gave states until April 1 to step forward if they’re interested in participating.

The TerraPower reactor would produce relatively less nuclear waste than conventional reactors, according to the company.

___

Jennifer McDermott in Providence, Rhode Island, and Susan Montoya Bryan in Albuquerque, New Mexico, contributed to this report.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Authors
By Mead Gruver
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

live nation
LawAntitrust
‘Robbing them blind, baby’: Live Nation and Ticketmaster are a monopoly, jury rules
By Larry Neumeister and The Associated PressApril 15, 2026
49 minutes ago
trump
PoliticsReligion
Donald and Leo is the latest power-versus-pope showdown stretching back 1,000 years
By Joëlle Rollo-Koster and The ConversationApril 15, 2026
53 minutes ago
warren
Arts & EntertainmentElizabeth Warren
Elizabeth Warren on her proposal to bring back IRS Direct File: ‘For just one day of bombing Iran, we could pay for 20 years’
By Catherina GioinoApril 15, 2026
57 minutes ago
Pete Hegseth speaks with both hands in the air as Donald Trump looks on in the background.
Politicsgovernment spending
‘I am certain’: Harvard policy expert warns the true cost of the Iran war to U.S. taxpayers will exceed $1 trillion
By Sasha RogelbergApril 15, 2026
60 minutes ago
strait
EnergyIran
Iran and the U.S. live in 2 different worlds, law of the sea expert says—and both of those are different from most maritime law
By Elizabeth Mendenhall and The ConversationApril 15, 2026
1 hour ago
People protesting against tax giants.
PoliticsTaxes
How a free tax filing system from the government went from 296,000 users to zero in just one year
By Catherina GioinoApril 15, 2026
2 hours ago

Most Popular

Billionaire philanthropist MacKenzie Scott has donated again—a week after gifting millions to a college, she's just given $70 million to Meals on Wheels America
Success
Billionaire philanthropist MacKenzie Scott has donated again—a week after gifting millions to a college, she's just given $70 million to Meals on Wheels America
By Fortune EditorsApril 13, 2026
2 days ago
Retirees are facing a $345,000 bill they never saw coming — and most aren't prepared
Commentary
Retirees are facing a $345,000 bill they never saw coming — and most aren't prepared
By Fortune EditorsApril 14, 2026
1 day ago
Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
Environment
Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
By Fortune EditorsApril 15, 2026
6 hours ago
Palantir CEO says working at his $316 billion software company is better than a degree from Harvard or Yale: ‘No one cares about the other stuff’
Success
Palantir CEO says working at his $316 billion software company is better than a degree from Harvard or Yale: ‘No one cares about the other stuff’
By Fortune EditorsApril 14, 2026
1 day ago
Warren Buffett’s first tax return showed $7 owed to the IRS. The then paperboy and former Berkshire Hathaway CEO is now worth $143 billion
Success
Warren Buffett’s first tax return showed $7 owed to the IRS. The then paperboy and former Berkshire Hathaway CEO is now worth $143 billion
By Fortune EditorsApril 14, 2026
1 day ago
Anthropic is facing a wave of user backlash over reports of performance issues with its Claude AI chatbot
AI
Anthropic is facing a wave of user backlash over reports of performance issues with its Claude AI chatbot
By Fortune EditorsApril 14, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.