Latest news with #TerraPower
Time of India
17-07-2025
- Business
- Time of India
Could have been 'far worse': Why Bill Gates is 'just fine' with Donald Trump's Tax Law despite huge cuts in Climate tech
AI Image Microsoft founder Bill Gates has been a strong advocate of Clean Climate Technologies. Bill Gates has been actively involved in climate technology through his company Breakthrough Energy, which invests in and supports climate solutions. Gates believes that technological advancements and innovation are crucial for achieving significant reductions in greenhouse gas emissions, rather than solely relying on lifestyle changes. In an interview with Cipher News, Bill Gates spoke about Donald Trump administration's recent legislation, dubbed the 'One Big Beautiful Bill Act,' which significantly scaled back major climate incentives in the U.S. Gates expressed cautious optimism, stating, 'It wasn't quite the evisceration that a complete lack of believing in climate change might have led to.' The law, which Gates noted aligns with President Donald Trump and his Cabinet's dismissal of climate change as a pressing issue, eliminated most federal incentives for established technologies like wind, solar, and electric vehicles. Tax law could have been far more damaging However, Gates emphasized that U.S. demand is only a fraction of the global market, suggesting these technologies will continue to develop globally despite the cuts. 'They're still going to happen,' he said. Gates highlighted that the bill preserved tax credits for emerging technologies like geothermal, nuclear fission, and fusion, a move he sees as a mitigating factor. 'The fact that it retained tax credits for newer technologies, in particular geothermal and nuclear fission and fusion,' was evidence, he said, that the legislation could have been more damaging. Why Breakthrough Energy has cut lobbying efforts by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo On Breakthrough Energy's scaled-back policy efforts, Gates revealed he has reduced funding for clean energy advocacy due to his increased focus on global health and the emergence of other climate action leaders. 'I view global health as, in a certain sense, having a lot of urgency because of the dramatic reductions that have been made there,' he said. However, he affirmed Breakthrough's overall success, including its fellows program and venture investments, and indicated he would step in to support advocacy efforts, such as preserving cleantech tax credits, when necessary. 'If I see that that story is not being told well, I'll jump in,' he added. Discussing TerraPower, the advanced nuclear power company he founded, Gates noted that AI-fueled data centers are driving significant demand. 'The AI data center industry may help us fill up our order book for the first, you know, 10 to 20 units,' he said, explaining that this scale could enable more efficient manufacturing. He added that nearly all U.S. demand for TerraPower is tied to data centers, a point underscored by a recent investment round led by Nvidia's venture arm. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
15-07-2025
- Business
- Yahoo
Oklo (OKLO) Joins Russell Indexes Enhancing Market Visibility
Oklo has recently experienced significant developments, including its addition to various Russell Indexes and several high-profile collaborations, which have likely played roles in its share price increase of 171% last quarter. The index inclusions enhance market visibility, while partnerships with Hexium and TerraPower position the company at the forefront of nuclear advancement. Additionally, the company's investment in radioisotope production and a $400 million follow-on equity offering underscore its expansion efforts. In the context of a flat market over the past week and an 11% market increase over the year, these actions collectively emphasize Oklo's robust growth trajectory. We've identified 5 warning signs with Oklo (at least 1 which is a bit concerning) and understanding the impact should be part of your investment process. This technology could replace computers: discover the 26 stocks are working to make quantum computing a reality. Over the past year, Oklo's shares have delivered a very large total return of 615.71%, outperforming both the general US market's 11.4% increase and the 17.4% gain within the US Electric Utilities industry. This stark contrast highlights Oklo's remarkable trajectory despite its current financial challenges. The company's recent strategic moves, such as collaborations with Hexium and TerraPower, are crucial in contextualizing its growth prospects. However, with zero revenue and net losses, these initiatives have yet to translate into positive earnings forecasts. Analysts' price targets place Oklo's shares at US$59.74, slightly lower than its current trading price of US$62.41, reflecting market skepticism regarding immediate profitability. Jump into the full analysis health report here for a deeper understanding of Oklo. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include OKLO. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Politico
14-07-2025
- Business
- Politico
DOGE told regulator to ‘rubber stamp' nuclear
The resurgence of nuclear power is rooted not just in bipartisan interest, but in the emergence of companies building small modular reactors, or SMRs. The advanced reactors by developers including TerraPower, X-energy, General Electric Hitachi Nuclear Energy, NuScale Power and Kairos Power are factory-built and meant to bring down the daunting development costs of large, conventional nuclear power plants. Big tech companies such as Microsoft, Google, Amazon and Meta are also signing long-term agreements with utilities that own nuclear reactors and SMR startups for future purchases of electricity to power their AI data centers. The NRC is assessing a plan to reopen a closed unit at the Three Mile Island nuclear plant in Pennsylvania. And last month, the agency received a combined license application from Fermi America, a Texas-based company led by former Energy Secretary Rick Perry that plans to build the nation's largest nuclear power complex. The 'HyperGrid' site is in Amarillo, Texas, near the largest U.S. assembly plant for nuclear weapons known as Pantex. 'The Chinese are building 22 nuclear reactors today to power the future of AI,' said Perry, the former Texas governor. 'America has none. We're behind, and it's all hands on deck.' One of the three people with knowledge of the May meeting and Blake's 'rubber stamp' remark said the influx of nuclear license applications — and from politically connected people — is adding pressure and scrutiny to the process. 'This is where the rubber hits the road,' the person said. All of this comes amid a shake-up of senior leadership at the NRC. That includes the commission's Executive Director of Operations Mirela Gavrilas, who had worked at the agency for more than 20 years and who was effectively forced out, according to the three people. As the Senate Environment and Public Works Committee sent Wright's renomination to the full Senate on Wednesday, its top Democrat, Sheldon Whitehouse of Rhode Island, withdrew his support. '[Wright] came before our committee, however, not just as a nominee but as the present leader of the commission,' Whitehouse said. 'I hoped to see Chairman Wright rise to the occasion, but circumstances right now at the NRC continue to deteriorate.' 'In response to my questions for the record, the chairman acknowledged there is a DOGE staffer at the agency. This individual sits in an office that reports directly to the chairman. However, the staffer is — and I quote the [question for the record] from Mr. Wright — the staffer is 'on detail from the Department of Energy, and as such does not have an NRC supervisor,'' he continued. In written replies to the committee, Wright committed to 'ensure that the NRC's regulatory independence is preserved.'
Fast Company
10-07-2025
- Business
- Fast Company
Trump policies aren't stopping VCs from plowing big money into climate tech
It's not an easy time to run a climate tech company in the U.S. But data from the first half of the year shows something surprising: Despite the changes in federal policy, investment in these companies is growing. The State of Climate Tech, a new global report from the market intelligence platform Net Zero Insights, found that American climate tech companies raised $12 billion in equity so far in 2025—more than $2 billion more than in the first half of 2024. For the full year, it's possible that equity investment may be 12% higher than it was last year under Biden. Funding from grants dropped, unsurprisingly, as the new administration froze spending. But debt funding was up $2.2 billion compared to the same period in 2024. There were fewer equity deals in total, but the ones that did go through were big. TerraPower, the nuclear company cofounded by Bill Gates, raised $650 million. (That's not to be confused with Terra CO2, a startup that makes a low-carbon cement alternative, which raised $124 million). Helion, a company that aims to break ground on the world's first fusion plant this year, raised $425 million. Tae Technologies, another fusion energy startup, raised $150 million. The list goes on.
Yahoo
03-07-2025
- Business
- Yahoo
Oklo (OKLO) Partners for HALEU Production with AVLIS Technology
Oklo Inc. (NYSE:OKLO) is one of the top 10 nuclear energy stocks to invest in for the next decade. On June 25, the company announced strategic collaborations aimed at accelerating the domestic production of High-Assay Low-Enriched Uranium (HALEU). Photo by Frédéric Paulussen on Unsplash The company partnered with Hexium, a company specializing in isotope enrichment, and TerraPower, a nuclear innovation company, to evaluate Atomic Vapor Laser Isotope Separation (AVLIS) technology for commercial-scale uranium enrichment. The collaboration includes Lawrence Livermore National Laboratory (LLNL), which is working with the three companies to assess the potential of AVLIS as a scalable uranium enrichment technology. According to Oklo, this initiative aims to develop 'a validated conceptual design and technoeconomic assessment of AVLIS-based HALEU production.' Oklo's stock has gained over 500% this year, which, according to the CEO, is driven by three key factors: an advanced nuclear focus, AI and data center demand, and a cost and deployment edge. Jacob DeWitte, the CEO, emphasized Oklo's role as an energy infrastructure disruptor, likening their microreactor tech to a 'data center revolution' in energy. Oklo Inc. (NYSE:OKLO) is a nuclear energy company. It develops advanced fission power plants—specifically compact, modular reactors designed to deliver clean, reliable, and affordable electricity. Its flagship product is the Aurora Powerhouse, which uses recycled nuclear waste as fuel. While we acknowledge the potential of OKLO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Healthcare Penny Stocks to Buy According to Analysts and Goldman Sachs Energy Stocks: 10 Stocks to Buy. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
