3
TerraPower, the nuclear startup founded and backed by Bill Gates, announced a new $650 million funding round this week. The investment will help the company build its first commercial power plant.
Like other nuclear startups, TerraPower has been riding a wave of interest from hyperscalers, data center developers, and, now, chip designers. Nvidia’s venture arm, NVentures, participated in the round, marking its first energy investment.
Bill Gates and HD Hyundai, both already on the cap table, also invested.
TerraPower started building its…
