Bill Gates expressed optimism regarding the impact of Trump's budget bill, noting that while many clean-energy tax credits were eliminated, nuclear energy incentives remained intact. This preservation allows companies like Gates' TerraPower to continue developing nuclear projects, crucial for meeting rising energy demands from sectors like datacenters. Gates highlighted a projected 10 percent increase in global electricity demand, emphasizing the opportunity for TerraPower to capitalize on this growth. However, the company faces challenges as its proposed sodium-cooled reactor design is still untested and lacks regulatory certification, with only one plant underway in Wyoming amidst delays.
"The AI people are chasing some mind-blowing profit streams," Gates said in the interview. The Microsoft founder warned that global electricity demand is set to increase 10 percent.
By preserving the incentives, the law keeps nuclear - one of the few remaining zero-carbon sources - in play under Trump. This means there's plenty of opportunity for Gates to sell power from TerraPower.
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