He also said that as much as one billion dollar will be invested into R&D of the reactor the following five years.
Bill Gates, the world’s richest man, famous forstarting Microsoft has turned into an philanthropist asking for energy miracles.
As we have reported before, Gates have said that if he could wish for anything in the world, he would wish for energy that is half as expensive as coal and doesn't warm the planet. He said this as part of his TED Talk in which he summarized the world’s energy problems by saying "What we're going to have to do at a global scale is create a new system... So we need energy miracles." (to watch his TED Talk follow this link)
Yesterday Bill Gates said that ”TerraPower has very good discussions with CNCC (China National Nuclear Corporation) and many persons in the Chinese government.”
His decisive actions seems to tell us that he is not only asking for energy miracles, his is willing to provide them himself.
Bill Gates Invests In Thorium Capable Reactor Venture, IThEO
China and Bill Gates discuss nuclear reactor plan, BBC
Bill Gates Discussing New Nuclear Reactor With China, WSJ
Traveling Wave Reactor, TerraPower
Bill Gates TerraPower Negotiates with Toshiba, IThEO