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Japan to Help Build Bill Gates’ Nuclear Reactor in Wyoming – Yomiuri

Parties will sign deal this month for JAEA, Mitsubishi Heavy Industries to provide technical support, data from Japan reactors


TerraPower nuclear power venture founded by Bill Gates
TerraPower, an advanced nuclear power venture founded by Gates, is set to open its Natrium plant in Wyoming in 2028. Photo: Reuters

 

The Japan Atomic Energy Agency (JAEA) and Mitsubishi Heavy Industries Ltd will cooperate with the US and Bill Gates’ venture company to build a high-tech nuclear reactor in Wyoming, the daily Yomiuri reported on Saturday.

The parties will sign an agreement as early as January for JAEA and Mitsubishi Heavy Industries to provide technical support and data from Japan’s own advanced reactors, the report said citing multiple unidentified sources.

TerraPower, an advanced nuclear power venture founded by Gates, is set to open its Natrium plant in Wyoming in 2028. The US government will provide funding to cover half of the $4 billion project.

Terrapower had initially explored the prospect of building an experimental nuclear plant with state-owned China National Nuclear Corp, until it was forced to seek new partners after the administration of Donald Trump restricted nuclear deals with China.

 

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Nuclear Reactors

The United States has been competing with China and Russia which also hope to build and export advanced reactors.

Japan, on the other hand, has a bitter history of decommissioning its Monju prototype advanced reactor in 2016, a project which cost $8.5 billion but provided little results and years of controversy.

The Monju facility saw accidents, regulatory breaches, and cover-ups since its conception, and was closed following public distrust of nuclear energy after the 2011 Fukushima nuclear disaster.

Both JAEA and Mitsubishi Heavy Industries could not be reached for comment, as their offices were closed for the New Year holidays.

 

  • Reuters with additional editing by Kevin Hamlin

 

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Kevin Hamlin

Kevin Hamlin is a financial journalist with more than 40 years of experience covering Asia. Before joining Asia Financial, Kevin worked for Bloomberg News, spending 12 years as Senior China Economy Reporter in Beijing. Prior to that, he was Asia Bureau Chief of Institutional Investor for ten years.

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