TerraPower, the advanced nuclear company backed by Bill Gates, announced last week that the start date for its Natrium reactor has been pushed back. As Russia is currently the only commercial source of the high-assay low- enriched uranium (HALEU) the plant requires, the company faces a lack of fuel availability. TerraPower originally planned to use Russian fuel to get its demonstration reactor up and running by 2028, but Russia’s invasion of Ukraine has dashed those plans.

Nuclear technology firm TerraPower and utility partner PacifiCorp have launched a study to evaluate the feasibility of deploying up to five additional Natrium reactor and integrated energy storage systems in the utility’s service territory by 2035, the companies announced yesterday. (PacifiCorp’s business units—Pacific Power and Rocky Mountain Power—serve customers in California, Oregon, and Washington, and in Idaho, Utah, and Wyoming, respectively.)

U.S. nuclear technology company TerraPower announced yesterday the close of a $750 million equity raise—one of the largest advanced-nuclear investment drives to date, according to the announcement—with $250 million of that contributed by South Korean firms SK Inc. and SK Innovation.

Both firms are subsidiaries of the Seoul-based conglomerate SK Group, South Korea’s second-largest conglomerate, after Samsung Group.

Bellevue, Wash.–based TerraPower has selected Kemmerer, Wyo., as the preferred site for its Natrium reactor demonstration project, the company announced yesterday.

The Senate Energy and Natural Resources Committee yesterday held a hearing to examine the latest developments in the U.S. nuclear energy sector, with a focus on ways to maintain and expand the use of nuclear in the United States and abroad.

Testifying before the committee were Jeffrey Lyash, president and chief executive officer of the Tennessee Valley Authority (TVA); Chris Levesque, president and CEO of TerraPower, Scott Melbye, president of Uranium Producers of America (UPA); Amy Roma, founding member of the Atlantic Council’s Nuclear Energy and National Security Coalition and a partner with the law firm Hogan Lovells; and J. Clay Sell, CEO of X-energy.