TerraPower, Uranium Energy to partner for uranium fuel supply
30/11/2023 12:37
Nov 30 (Reuters) - North America-focused Uranium Energy
UEC.A and TerraPower, Bill Gates' advanced nuclear reactor
company, will explore the potential supply of uranium for
TerraPower's Natrium reactor and energy storage system, the
companies said on Thursday.
The Natrium demonstration project, being built in Wyoming,
would be a commercial scale plant upon completion and begin
operations within a decade.
The new advanced reactors, like the one TerraPower is
developing, are expected to be smaller than traditional nuclear
plants and to run on a fuel enriched up to 20% uranium called
high assay low enriched uranium or HALEU.
The fuel, which the Biden administration sees as critical in
cutting carbon emissions, is expected to be used in reactors in
the works by U.S. companies.
(Reporting by Roshia Sabu; Editing by Sriraj Kalluvila)
((Roshia.Sabu@thomsonreuters.com;))