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

Trendingnow

1

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure

2

The pig in the python: Baby Boomers are strangling the economy they built by refusing to move or retire

3

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

1

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure

2

The pig in the python: Baby Boomers are strangling the economy they built by refusing to move or retire

3

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
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.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter will deliver clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up 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
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
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
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

Pope Leo XIV presenting his 'AI encyclical' at the Vatican in Rome. The Pope, dressed in white, is sitting in a large chair with a laptop open in front of him and flowers arranged on the table in front of the laptop,
NewslettersEye on AI
Pope Leo’s ‘AI encyclical’ says a lot. But critics say it misses the mark
By Jeremy KahnMay 26, 2026
1 hour ago
indonesia
AsiaIndonesia
Indonesia jolts China with ‘hostile takeover’ of key commodities in American-influenced move
By Edna Tarigan, Anton L. Delgado and The Associated PressMay 26, 2026
3 hours ago
ss
PoliticsWorld Cup
Mexico’s Sheinbaum confirms U.S. asked Iran’s World Cup team to move to Tijuana
By The Associated PressMay 26, 2026
3 hours ago
sa
Politicsimpeachment
How $580,000 hidden under a sofa cushion became a constitutional crisis in South Africa
By Gerald Imray and The Associated PressMay 26, 2026
3 hours ago
t
PoliticsIran
Iran slams U.S. strikes as sign of ‘bad faith and unreliability’
By The Associated PressMay 26, 2026
4 hours ago
a
EnergyCorporate Governance
BP ousts chairman months into his tenure, citing ‘important governance standards, oversight and conduct’ concerns
By Michelle Chapman and The Associated PressMay 26, 2026
4 hours ago

Most Popular

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure
Travel & Leisure
The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure
By Catherina GioinoMay 25, 2026
1 day ago
The pig in the python: Baby Boomers are strangling the economy they built by refusing to move or retire
Economy
The pig in the python: Baby Boomers are strangling the economy they built by refusing to move or retire
By Nick LichtenbergMay 25, 2026
1 day ago
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
5 days ago
A billionaire and an A-list actor found refuge in a 37-home Florida neighborhood with armed guards—proof that privacy is now the ultimate luxury
Real Estate
A billionaire and an A-list actor found refuge in a 37-home Florida neighborhood with armed guards—proof that privacy is now the ultimate luxury
By Marco Quiroz-GutierrezMay 25, 2026
1 day ago
Elon Musk's best friend could make more than $100 billion from SpaceX's IPO. His firm is also owed billions by SpaceX
Investing
Elon Musk's best friend could make more than $100 billion from SpaceX's IPO. His firm is also owed billions by SpaceX
By Eva RoytburgMay 25, 2026
1 day ago
The Supreme Court handed Trump a Golden Chariot on tariffs — now he just has to take it
Commentary
The Supreme Court handed Trump a Golden Chariot on tariffs — now he just has to take it
By Jeffrey Sonnenfeld and Steven TianMay 26, 2026
8 hours 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.