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TerraPower partners with SK Innovation for SMR development in Korea.

Aug 14, 2026

Contract Type

partnership

BellevueBiotechnologyEnergy

Description

Bill Gates and Korean companies announced a strengthened partnership for TerraPower's small modular reactor (SMR) development. A term sheet was signed between SK Innovation and TerraPower, allowing SK to participate in the SMR projects in both the U.S. and abroad.

Company Information

Company

TerraPower

Location

15800 Northrup Way

Bellevue, Washington, United States

About

TerraPower is a leading nuclear innovation company that strives to improve the world through nuclear energy and science. TerraPower’s innovators create technologies to provide safe, affordable and abundant carbon-free energy. They devise ways to use heat and electricity to drive economic growth while decarbonizing industry. And they develop processes to extract radioisotopes for medical use in lifesaving cancer treatments.

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Christopher
Senior decision-maker at this company
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Tamás
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Predictive Intelligence
Strategic

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Agreement Insights

What this usually means
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies

TerraPower signed a new agreement. Fundz surfaces partnerships and contracts as they are announced.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.