TerraPower received funds amounting to $650 million from Nvidia, HD Hyundai, Gates, and other investors.
It is building a reactor at the site of a coal plant to support the AI sector.
The total amount of investment received by the company has reached $1.4 billion.
The company TerraPower, founded by Bill Gates in 2006 to develop cutting-edge nuclear technologies, has attracted $650 million in investments from NVentures (the venture arm of Nvidia), HD Hyundai, Gates himself, and several current investors.
TerraPower is building an innovative 345-megawatt nuclear facility in Kemmerer, Wyoming, at the site of a decommissioned coal power plant.
The idea is to offer a carbon-free, scalable solution for growing energy needs, especially in light of the increased electricity demand from AI data centers.
"If AI continues to transform industries, nuclear energy will become an even more important power source for these capabilities. TerraPower's nuclear reactor technologies offer innovative, carbon-free solutions to global energy needs, minimizing environmental impact," said NVentures Vice President Mohamed 'Sid' Siddiq.
Overall, the startup has already accumulated $1.4 billion, making it one of the most powerful funded players in the nuclear energy sector.
The project is expected to receive regulatory approval in 2026.
This news comes amid a sharp increase in interest in AI: OpenAI announced it has surpassed $10 billion in annual revenue, while Amazon will invest $10 billion in developing data centers in North Carolina.
Amid this, concerns about the impact of AI on society are also rising: Pope Leo XIV considers artificial intelligence a key threat to humanity and plans to make this topic a priority of his papacy, questioning the moral neutrality of technology.
While the Vatican prepares for the moral front, tech giants are shaping a new energy infrastructure for Web3 and AI platforms, particularly due to renewed interest in nuclear energy, which is considered more stable than renewable sources and does not generate carbon emissions.
