Nuclear / SMR
TerraPower
49Mixed / ImprovingBellevue, United StatesFounded 20060 followers
www.terrapower.com/TerraPower, co-founded by Bill Gates, is developing the Natrium sodium-cooled fast reactor with integrated molten-salt thermal storage, currently under construction at the Kemmerer Power Station in Wyoming.
Green Score
- Greenwashing risk
- low
- Data confidence
- medium
- Method
- how it is calculated
Climate Impact & Solution35%78
Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.
The Natrium reactor is a 345 MW sodium fast reactor with molten-salt storage boosting output to 500 MW; it is carbon-free, dispatchable, and being built adjacent to a retiring coal plant in a state that generates over 80% of electricity from fossil fuels — making the displacement value genuine and potentially significant, but entirely prospective as no power has been produced.
Decarbonization & Targets20%18
Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.
TerraPower has published no SBTi-validated targets, no CDP disclosure, and no independently verified net-zero roadmap for its own operations; its climate narrative is entirely product-forward (the reactor IS the climate contribution) with no quantified operational emissions targets found in any public filing.
ESG & Operations15%38
Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.
TerraPower is a private, pre-revenue company with no published GRI, SASB, or TCFD-aligned sustainability report; governance quality benefits from high-profile institutional oversight and DOE milestone accountability, but labor practices, supply-chain standards, and community impact data are not publicly disclosed at any verifiable level.
Transparency & Verification15%22
Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.
As a private company TerraPower publishes no audited sustainability report, no CDP response, and no third-party-verified emissions inventory; project-level disclosures flow primarily through DOE press releases and NRC filings rather than corporate ESG frameworks, leaving investors with very limited independently verifiable data.
Integrity15%62
Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.
The most material controversy is a multi-year delay caused by TerraPower's original plan to source HALEU fuel exclusively from Russia; the Ukraine war severed that supply chain, pushing the completion date from 2028 to ~2030-2031, representing a 5-7 year slip from DOE's original target — a supply-chain due-diligence failure, though not an ethical scandal per se. No environmental violations, governance scandals, or fossil-lobbying links have been publicly identified.
Why it's on ClimateTicker
TerraPower is developing the Natrium sodium-cooled fast reactor — a genuinely zero-carbon power technology that, if successfully commercialized, could displace fossil-fuel baseload generation at scale. The core climate thesis is credible: the technology is carbon-free, dispatchable, and being sited as a direct coal replacement. However, the reactor has not yet generated a single electron of commercial electricity, faces multi-year construction and fuel-supply risks, and no independently verified ESG or climate disclosures exist for the company itself.
Controversy & Greenwashing Watch
The Natrium demonstration reactor's operational date has slipped 5-7 years beyond DOE's original 2025-2027 target, raising execution-risk concerns for investors despite recent construction progress.ans.org
TerraPower is financing a new HALEU enrichment facility in Pelindaba, South Africa via a $22M loan to ASP Isotopes, with first-fuel delivery targeted for 2027/28 — an unproven supply chain for a first-of-kind reactor.sec.gov
TerraPower originally planned to source its specialist HALEU fuel from Russia; the Ukraine war cut off that supply, forcing a multi-year project delay and exposing a critical due-diligence gap in fuel-chain planning.cnbc.com
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