Tag: TerraPower

TerraPower

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SK-backed TerraPower wins U.S. approval for commercial SMR

TerraPower, a U.S. nuclear power company founded by Bill Gates with investment from Korea's SK Group, has won a construction permit for its small modular reactor (SMR) from U.S. authorities, the Korean conglomerate said on Thursday.

2026.3.5

From left, Kim Moo-hwan, head of energy solution business at SK Innovation; Chris Levesque, president and CEO of TerraPower; Bill Gates, chair of TerraPower and the Gates Foundation; Chey Tae-won, chair of SK Group; Chey Yoon-chung, head of business development at SK Biopharm; and Ahn Jae-yong, CEO of SK bioscience pose for a photo at a meeting at Seoul on Aug. 21. [SK GROUP]

SK's Chey Tae-won meets Bill Gates to discuss nuclear energy, biotechnology cooperation

SK Group Chairman Chey Tae-won met with Bill Gates in Seoul last week to expand cooperation in nuclear energy and biotechnology, deepening ties between one of Korea’s biggest conglomerates and the Microsoft co-founder.

2025.8.25

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HD Hyundai Executive Vice Chairman Chung Ki-sun, right, meets with Bill Gates, co-chair of the Bill & Melinda Gates Foundation, at Conrad Seoul in Yeouido, western Seoul, on Aug. 22 to discuss cooperation on SMRs. [HD HYUNDAI]

Bill Gates explores business ties with SK, Samsung and HD Hyundai

Bill Gates met with Korean business leaders to discuss collaboration in nuclear energy, biotechnology and artificial intelligence.

2025.8.22

Bill Gates, left in the second row, founder and chairman of TerraPower and Chung Ki-sun, right in the second row, executive vice chairman of HD Hyundai take a commemorative photo after a signing ceremony marking the two companies' partnership to commercialize Natrium reactors in March. [HD HYUNDAI]

HD Hyundai, Nvidia join Bill Gates’ TerraPower in $650 million funding round

A group of companies, including HD Hyundai Heavy Industries and Nvidia, invested $650 million in TerraPower, a Washington-based small modular reactor (SMR) developer founded by Bill Gates.

2025.6.19

Clockwise from left, Bill Gates, founder and chairman of TerraPower; Chung Ki-sun, executive vice chairman of HD Hyundai; Won Kwang-shik, head of the marine energy business division at HD Hyundai Heavy Industries; and Chris Levesque, president and CEO of TerraPower, take a commemorative photo after a signing ceremony marking the two companies' partnership to commercialize Natrium reactors. [HD HYUNDAI]

HD Hyundai Heavy to help Bill Gates' TerraPower commercialize its reactors

HD Hyundai Heavy Industries and TerraPower partnered to commercialize sodium-cooled nuclear reactors.

2025.3.12

TerraPower officials, including its founder and chairman Bill Gates, celebrate the start of the company's nuclear reactor construction in Wyoming in June. [TERRAPOWER]

KHNP to invest $40 million in Bill Gates' TerraPower

The board of Korea Hydro & Nuclear Power (KHNP) has conditionally approved the state-run company's decision to invest $40 million in TerraPower, a U.S. small modular reactor (SMR) company founded by Bill Gates.

2024.9.6

President Yoon Suk Yeol, center in the front row, poses for a photo, alongside with business leaders including Samsung Electronics Executive Chairman Lee Jae-yong, far left in the second row, Hyundai Motor Executive Chair Euisun Chung, third from left in the front row, SK Inc. Chairman Chey Tae-won, second from right in the front row, LG Corporation Chairman Koo Kwang-mo, second from left in the second row. [YONHAP]

$5.9 billion of investment announced during Yoon's visit

U.S. companies committed $5.9 billion of investment to Korea during President Yoon Suk Yeol’s state visit.

2023.4.26

A liquefied natural gas carrier built by Korea Shipbuilding & Offshore Engineering. [KOREA SHIPBUILDING & OFFSHORE ENGINEERING]

KSOE invests ￦42.5 billion in nuclear reactor firm TerraPower

Korea Shipbuilding & Offshore Engineering (KSOE) signed a 42.5 billion won ($30 million) investment agreement with TerraPower, a nuclear innovation company focused on small modular reactors (SMR) established by Bill Gates.

2022.11.4

Bill Gates, chairman of TerraPower, speaks at a U.S. Trade and Investment Cooperation Conference on Sept. 22, 2015, in Seattle. [AP]

SK Inc. and SK Innovation invest $250 million in TerraPower

SK Inc. and 33.4-percent-owned SK Innovation have invested $250 million into TerraPower, a Bellevue, Washington company that develops nuclear reactors.

2022.8.15

The heads of SK Inc. and TerraPower pose after signing an agreement at the heqduarters of SK Inc. in central Seoul on Tuesday. From left: SK Inc. VIce Chairman Jang Dong-hyun, SK Innovation CEO Kim Jun and TerraPower President and CEO Chris Levesque. [SK INC.]

SK Inc. and SK Innovation sign an MOU with TerraPower

SK Inc. signed an agreement with TerraPower, a U.S. start-up co-founded by Bill Gates, to jointly conduct the projects based on small modular reactors (SMRs), a new breed of nuclear power reactor.

2022.5.17