South Korea’s SK invests US$250m in Bill Gates’ TerraPower for nuclear power tech
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SOUTH Korea's SK said on Monday (Aug 15) it and an affiliate invested US$250 million in TerraPower, a US venture founded by billionaire Bill Gates that develops small-sized nuclear power reactors, called small modular reactors.
SK, the holding company of South Korea's second-largest conglomerate SK Group, said it made the investment with affiliate SK Innovation as part of a total US$750 million fundraising round co-led by Gates.
The investment in small modular reactors, which SK said is a competitive carbon-free energy source, goes toward SK Group's pledge in 2021 to reduce 200 million tons of carbon emissions by 2030, SK said in a statement. REUTERS
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