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TerraPower

Company US Private Editorial profile Funding raised: $1.5B Website
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Profile

Bill Gates-founded; Natrium sodium-cooled fast reactor under construction in Wyoming.

Editorial profile — compiled by us from public sources.

Founded
2006
Headquarters
Bellevue, WA, US
Funding raised
$1.5B

Current standings

Standings and milestones are always verified by us against primary sources, regardless of who manages the profile.

Roadmap & milestones

First non-LWR construction permit in 40+ years

2026-03
TerraPower / NRC

The NRC issued a construction permit for TerraPower's Natrium plant (Kemmerer, Wyoming) — the first US commercial advanced-reactor approval in ~a decade and the first non-light-water reactor approval in over 40 years. 345 MWe sodium-cooled fast reactor with molten-salt storage boosting to 500 MW; completion targeted 2030.

Construction begins on America's first utility-scale advanced reactor

~ 2026-04
TerraPower (Kemmerer, Wyoming)

Weeks after winning its NRC construction permit, TerraPower started safety-related construction on Kemmerer Unit 1 — on track to be the first utility-scale advanced (non-light-water) nuclear plant built in the US. The 345 MWe sodium-cooled fast reactor (molten-salt storage boosting to 500 MWe) will take ~1,600 workers and is targeted for completion by 2030; a January deal commits up to eight Natrium units to Meta by 2035.

Natrium enters UK regulatory review (first overseas)

2026-06
TerraPower / UK ONR

TerraPower's Natrium design was accepted into the UK's Generic Design Assessment, with the Office for Nuclear Regulation, the Environment Agency and Natural Resources Wales beginning Step 1 in June 2026 — the sodium-cooled fast reactor's first overseas licensing push, following its US construction permit at Kemmerer. The same 345 MWe design with molten-salt storage boosting to 500 MW.

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