Bill Gates reshaped the computer industry by pumping out new versions of Microsoft Windows software every few years, fixing and fine tuning it as he went along.
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He’s now betting that he can reshape the energy industry with a project akin to shipping Windows once and having it work, bug-free, for 50 years.
Thanks to his role funding and guiding a start-up called TerraPower LLC, where he serves as chairman, Mr. Gates has become a player in a field of inventors whose goal is to make nuclear reactors smaller, cheaper and safer than today’s nuclear energy sources. The 30-person company recently completed a basic design for a reactor that theoretically could run untouched for decades on spent nuclear fuel. Now the company is seeking a partner to help build the experimental reactor, and a country willing to host it.
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«A cheaper reactor design that can burn waste and doesn’t run into fuel limitations would be a big thing,» Mr. Gates says. He adds that in general «capitalism underinvests in innovation,» particularly in areas with «long time horizons and where government regulations are unclear.»
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