Nvidia joins Gates-backed nuclear startup to power AI’s energy needs

Nvidia has invested in TerraPower, a nuclear energy company founded by Bill Gates, through its venture arm NVentures as part of a $650 million funding round. This strategic move aims to address the rapidly growing energy demands of AI-driven data centers, whose electricity consumption is expected to more than double by 2030. TerraPower develops advanced small modular reactors (SMRs), including its flagship Natrium project in Wyoming, which features a 345-megawatt sodium-cooled fast reactor paired with a gigawatt-scale molten salt energy storage system. This design allows for flexible, carbon-free power generation that can complement intermittent renewable sources like wind and solar. TerraPower is progressing toward commercial operation of the Natrium plant by 2030, with non-nuclear construction already underway. The company has also signed a memorandum of understanding with Sabey Data Centers to explore supplying nuclear energy directly to the data center industry, marking a significant early collaboration between advanced nuclear developers and major tech infrastructure operators.