Deals and links 4
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U.S. Department of Energy funds TerraPower ARDP award (Oct 2020): $80M initial funding to demonstrate Natrium; cost-shared, DOE total up to $3.2B over seven years across both ARDP demos subject to appropriations.
“DOE is awarding TerraPower LLC (Bellevue, Washington) and X-energy (Rockville, Maryland) $80 million each in initial funding to build two advanced nuclear reactors that can be operational within seven years.”
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Meta offtakes from TerraPower Agreement (Jan 2026): Meta funding for early development of two Natrium units (up to 690 MW, as early as 2032) plus rights to energy from up to six more units (2.1 GW by 2035). Reported via WNN; primary Meta/TerraPower release not fetched.
“TerraPower: funding to support the development of up to eight Natrium sodium fast reactors - two new units capable of generating up to 690 MW of firm power with delivery as early as 2032, plus the rights for energy from up to six other Natrium units capable of producing 2.1 GW and targeted for delivery by 2035.”
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Global Nuclear Fuel–Americas supplies TerraPower Signed agreement (Oct 2022) to build the Natrium Fuel Facility at GNF-A's Wilmington site to fuel the Natrium demonstration plant; jointly funded by TerraPower and DOE (ARDP).
“Global Nuclear Fuel–Americas (GNF-A), a GE-led joint venture, and TerraPower today announced an agreement to build the NatriumTM Fuel Facility at the site of GNF-A’s existing plant site near Wilmington.”
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U.S. Department of Energy supplies TerraPower Conditional commitment (Apr 2025) to provide HALEU from DOE sources (first-round HALEU allocation); contracting to follow.
“The U.S. Department of Energy (DOE) today made conditional commitments to provide high-assay low-enriched uranium (HALEU) to five U.S. nuclear developers to meet their near-term fuel needs.”
Plants and sites 1
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TerraPower owns Kemmerer Unit 1 Power plant · Under construction · Kemmerer, WY · NRC construction permit approved March 2026; completion expected 2030. Owned via subsidiary US SFR Owner.
Sources 7
- 1 https://www.energy.gov/ne/articles/us-department-energy-announces-160-million-first-awards-under-advanced-reactor energy.gov · published 2020-10-13
- 2 https://www.terrapower.com/natrium terrapower.com
- 3 https://world-nuclear-news.org/articles/nrc-issues-construction-permit-for-first-natrium-plant world-nuclear-news.org · published 2026-03-05
- 4 https://world-nuclear-news.org/articles/meta-announces-landmark-agreements-for-new-nuclear world-nuclear-news.org · published 2026-01-09
- 5 https://www.terrapower.com/global-nuclear-fuel-and-terrapower-announce-natrium-fuel-facility terrapower.com · published 2022-10-21
- 6 https://www.energy.gov/articles/us-department-energy-distribute-first-amounts-haleu-us-advanced-reactor-developers energy.gov · published 2025-04-09
- 7 https://www.ans.org/news/2026-03-04/article-7818/nrc-approves-terrapower-construction-permit/ ans.org · published 2026-03-04