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Energy

Bill Gates-backed fast-reactor effort joined by Japan heavyweights

Mitsubishi Heavy, nuclear agency to help build next-generation plant in U.S.

Bill Gates speaks at the COP26 climate conference. (Photo courtesy of the UK government)

TOKYO -- The Japan Atomic Energy Agency and Mitsubishi Heavy Industries said Wednesday they will participate in building a cutting-edge nuclear project led by a U.S. startup that was co-founded by Bill Gates, who serves as the company chairman.

The Japanese players have signed a memorandum of understanding with TerraPower to help construct a 345-megawatt prototype plant in the American state of Wyoming subsidized by the U.S. Energy Department. It is slated to come online in 2028. 

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