https://www.wsj.com/articles/the-subsidy-tango-of-bill-gates-and-joe-manchin-terrapower-climate-spending-john-barrasso-jennifer-granholm-11671741449?mod=opinion_lead_pos1
Bill Gates sold West Virginia Sen. Joe Manchin on this year’s Democratic climate spending blowout as a way to put unemployed coal workers to work building advanced nuclear reactors. Now we learn, belatedly, that these projects depend on Russia for fuel and will cost taxpayers more than advertised.
The Energy Department last year awarded up to $2 billion for an advanced nuclear reactor “demonstration” project in Wyoming being developed by TerraPower, a company Mr. Gates founded. These advanced reactors have been promoted because they take up significantly less space than conventional reactors and could theoretically use reprocessed nuclear fuel.
TerraPower’s reactors will also supposedly be able to ramp up and down to balance intermittent solar and wind power on the grid. But the technology currently requires enormous government subsidies to be commercially viable. Reactors also require many more years to build than renewable and fossil-fuel plants owing to stricter licensing requirements and environmental reviews.
TerraPower planned to complete the Wyoming generator by 2028 assuming no hang-ups. There always are. So it wasn’t surprising when TerraPower disclosed this month that completion will be delayed by at least two years. But the reason was alarming: TerraPower was counting on Russia to supply it with high-assay, low-enriched uranium (HALEU) fuel.