TerraPower LLC is promoting a new design of a nuclear power reactor that essentially burns spent nuclear fuel from existing power reactors (I wonder what kind of reactor Steve Jobs would promote). One of the key backers is no other than Bill Gates, the founder of Microsoft. The reactor is known as the traveling-wave reactor. It can run for decades before it needs refueling.
This type of reactor technology would certainly help diffuse the urgency of a long-term spent fuel depository, i.e. Yucca Mt. in Nevada. Unfortunately, it could take 10 years to get regulatory approval to build a unit in the USA.
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