Nuclear firm TerraPower raises $750M from investors

CASPER — TerraPower, the advanced nuclear developer planning to build a demonstration reactor in Kemmerer by 2028, announced Monday that it has raised $750 million from new private investments.

The bulk of the funding came from Bill Gates, the company’s founder, and subsidiaries of SK Group, a major South Korean energy and technology conglomerate that contributed $250 million.

“To our knowledge, no other advanced nuclear company has achieved an investment of this magnitude, and we have continued interest from the financial community,” said TerraPower CEO Chris Levesque.

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