Kansas, TerraPower and Evergy sign deal to explore nuclear reactor and energy storage sites
Sept 23 (Reuters) - Kansas Department of Commerce, Bill Gates-backed TerraPower and Evergy EVRG.O signed a memorandum of understanding on Tuesday to explore sites for a nuclear reactor project and an energy storage plant, amid soaring demand for power.
U.S. nuclear power is gaining traction after decades of stagnation, fueled by surging electricity demand from energy-hungry data centers and the electrification of transportation and manufacturing industries.
In late May, President Donald Trump signed executive orders directing the U.S. Nuclear Regulatory Commission to streamline regulations and expedite licensing processes for reactors and power plants.
The companies intend to assess site-specific characteristics for a potential advanced nuclear power plant and evaluate the technical design of TerraPower's flagship technology, including its ability to support Evergy's customers.
Evergy serves 1.7 million customers across Kansas and Missouri.
TerraPower's Natrium technology is a 345-megawatt electrical (MWe) sodium-cooled fast reactor paired with a molten salt-based energy storage system. The storage system can increase the reactor's output to 500 MW during periods of high demand while maintaining steady base output.
In June, TerraPower secured $650 million in funding, with contributions from founder Bill Gates and the venture capital arm of chipmaker Nvidia NVDA.O.
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