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Birthday : 10/28/1955
Place of birth : Seattle (Etat de Washington) - United States
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Biography : William Henry "Bill" Gates III (born 28 October 1955) is an American business magnate,...

South Korea's SK invests $250 million in Bill Gates' TerraPower for nuclear power tech

08/15/2022 | 04:12am EDT
FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul

SEOUL (Reuters) - South Korea's SK Inc said on Monday it and an affiliate invested $250 million in TerraPower, a U.S. venture founded by billionaire Bill Gates that develops small-sized nuclear power reactors, called small modular reactors.

SK Inc, 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 $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.

(Reporting by Joyce Lee; editing by Jason Neely)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
SK INC. -1.79% 192000 End-of-day quote.-23.51%
SK INNOVATION CO., LTD. -1.71% 143500 End-of-day quote.-39.83%