South Korea’s SK Group said on Tuesday it was mulling investments in small-sized nuclear reactors and that one of the candidates was TerraPower, a U.S. venture founded by Bill Gates.
A spokesperson for SK Inc, the holding company of the No. 3 conglomerate in South Korea, confirmed that TerraPower is a potential investment target among many but nothing had been decided, including details such as the possible investment amount, stake size or partners.
Founded by Bill Gates in 2006, TerraPower designs small modular reactors (SMR) and plans to build its first reactor in Kemmerer, Wyoming by 2028. The $4 billion project is scheduled to begin in 2024, according to the company.
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