Bill Gates Confirms Talks with China on TerraPower’s Traveling Wave Reactor (With Video)

Bill Gates may finally have found a partner to help develop the TerraPower traveling wave reactor.

On Wednesday the Microsoft founder and philanthropist confirmed earlier reports that TerraPower is working with the China National Nuclear Corporation to develop the technology. The Canadian Broadcasting Corporation quoted him as saying that as much as a billion dollars may be dedicated to researching the design over the next five years. Since the company’s founding in 2008, TerraPower has sought a country that allows plutonium-producing breeder reactors to help develop the project, pitching the breed-and-burn concept in Russia, India, France and Japan. If an agreement with Chinese officials comes through, it would be a major step toward building an actual prototype.