Bill Gates and Warren Buffet are teaming up to replace a retiring coal power plant in Wyoming, the top coal-producing state in the U.S., with new nuclear tech.
(Photo : by Spencer Platt/Getty Images)
NEW YORK, NY – JANUARY 27: Bill Gates and Warren Buffett speak with journalist Charlie Rose at an event organized by Columbia Business School on January 27, 2017 in New York City. Gates and Buffett spoke on a range of topics including their friendship, business, philanthropy, global health, innovation, and leadership.
Companies of the two billionaires are collaborating for the ambitious energy project.
Gates’ TerraPower and Buffett’s Berkshire Hathaway-owned power company, Pacific Corporation, will be involved in the next-generation nuclear tech.
Bill Gates and Clean Energy
It is not new for the Microsoft co-founder to be involved in green energy. On February 16, Gates even explained how he plans to save the world through innovation. The latest move with Warren Buffett could be another to do just that.
Wayback 2015, on November 27, the business magnate also spearheaded the “largest clean energy research.” It only shows that the effort of Gates when it comes to greener power is not a new endeavor — his commitment to it date years ago.
Warren Buffet and Energy Makeover
On the other hand, the Berkshire Hataway CEO has been campaigning for the urgent need for an energy makeover. Although the endeavor is significantly more expensive than the current infrastructure, he says that it is essential.
According to Inside Climate News, Buffett wants a systematized transition to energy with less carbon footprint. Additionally, the CEO also pushes for the construction of more interstate power lines.
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(Photo : by Michael Smith/Newsmakers)
387961 06: Low emission coal is collected and moved on a conveyer belt April 15, 2001 at the Black Butte Coal mine near Rawlins, WY. The value of Wyoming coal has doubled since December and local producers hope prices hold until the summer and fall when long-term contracts are negotiated.
‘Game-Changer’ Nuclear Tech in Wyoming
The nuclear project of both Gates and Buffett will be powered by a Natrium reactor. The new tech was made possible by GE Hitachi Nuclear Energy, the New York Post reported.
According to Gates, who recently broke the headlines due to a high-profile divorce, the Natrium reactor is both more fuel-efficient and cost-effective than existing nuclear tech. Not to mention that the CEO also claimed that it is safer as well.
Gates, who was seen wearing his wedding ring during the announcement video, said that the Natrium is “a game-changer for the energy industry.”
Alongside the involvement of the two billionaires, the Department of Energy will also fund the 500-megawatt producing power plant. In addition, Wyoming Governor, Mark Gordon, said that nuclear energy is in fact part of his vision for the state that produces most of the coal energy in the U.S.
Moreover, the site of the ambitious energy project in Wyoming will officially be announced before the 2021 ends.
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Written by Teejay Boris
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