The Need for Innovation in Energy

Several years ago, the experts and researchers at Intellectual Ventures decided they wanted to find innovative solutions to the world energy crisis. After countless brainstorming sessions, IV® settled on pursuing nuclear energy because of its potential to serve as a carbon-free source of baseload energy.

Those efforts developed into TerraPower^™, which became its own company in 2008. TerraPower is working to develop a traveling wave reactor, which could avoid the well-known limitations of current plants, nearly all of which employ nuclear reactor technology that dates back to the 1950s. Today’s reactor designs require enriched uranium fuel, but can extract only a small fraction of the energy from that fuel.

The TerraPower initiative advances a comprehensive program to improve the technology of reliable nuclear plants. Its business approach presents an important alternative towards the creation of a financially and socially attractive emission-free energy that is safe and sustainable.

While the Intellectual Ventures website will continue to be a source of information about TerraPower and its traveling wave reactor nuclear energy technology, TerraPower now has its own website to provide more comprehensive information.

Visit TerraPower.com for the latest updates on the traveling wave reactor, the history of the company and technology and the latest news from around the world related to TerraPower.