TerraPower, a company working on small-scale nuclear reactor development backed by Bill Gates, has raised $750 million in investment, including from South Korea’s second-largest conglomerate, to pursue its plan to manufacture mini-reactors. TerraPower, a nuclear energy technology company, raised the funding co-led by Bill Gates to manufacture nuclear reactors that would be cheaper than conventional reactors. SK Inc, part of South Korea’s SK Group, invested $250 million in TerraPower in the fundraising, the company said on Monday. As the world looks to cut carbon emissions from energy sources, Gates has been betting on small nuclear reactors that could have lower costs than the typical reactors used in nuclear power generation plants. At the same time, nuclear energy generation is zero-emission. Last year, TerraPower picked a remote coal town in western Wyoming as the site of its first innovative nuclear power plant. The U.S. Department of Energy welcomed the plans […]