Written by Associated Press on June 3, 2021
CHEYENNE, Wyo. (AP) A next-generation, small nuclear plant will be built at a soon-to-be retired coal-fired power plant in Wyoming in the next several years, business and government officials said Wednesday.
The plant featuring a sodium reactor and molten salt energy storage system will perform better, be safer and cost less than traditional nuclear power, Microsoft co-founder and TerraPower founder and chairman Bill Gates said.
Bellevue, Washington-based TerraPower is working with Rocky Mountain Power, an electric utility serving Wyoming and other Western states, to put the Natrium reactor at one of four of the utility’s power plants in Wyoming, with the location to be decided later this year.
Thungela Resources, the thermal coal-mining group that plans to list on the JSE and the London Stock Exchange on Monday, may realise better profits, because of expectations in the market of a short-to-medium term rise in coal prices.