Bill Gates-founded nuclear startup TerraPower raised $650 million from the billionaire software entrepreneur, HD Hyundai, NVentures and existing investors as the tech industry continues to seek new sources of energy amid the power-hungry AI boom. The company was founded in 2006 by Gates and other climate-focused investors. It is in the midst of building a 345-watt nuclear power plant at the site of a retiring coal plant in Kemmerer, Wyoming. It hopes to secure regulatory approval for the reactor next year, it said. NVentures, Nvidia's venture arm, said in a statement. 'TerraPower's nuclear reactor technologies offer innovative, carbon-free solutions to meet global energy needs while minimizing environmental impact.'
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