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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
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To: elmatador who wrote (12976)9/21/2024 3:30:57 AM
From: Elroy Jetson  Read Replies (1) of 13781
 
Bill Gates has invested heavily in nuclear power since he left Microsoft. He founded Terra Power in 2006 which has currently spent $1 billion building a new nuclear plant in Kemmerer, Wyoming. The liquid sodium cooled plant will cost Gates another $3 billion to complete, with the US DOE supplying $2 billion of that cost. - npr.org

This nuclear plant is will be the first result of 18 years of Gate's work on nuclear plant design. - en.wikipedia.org

This new nuclear industry was being developed when Nvidia was selling cards to display video graphics.

For Microsoft the Three Mile Island plant sit is a natural. When a cooling problem damaged the fuel rods no damage occurred to the plant itself, and the US government has spent a fortune cleaning the place up. The zirconium metal cladding around the fuel, which is not very reactive, got hot enough to form zirconium oxide from the cooling steam, which created hydrogen gas from the split water molecules.

Something far worse happened at Chernobyl and their Soviet reactor was inside a thin metal warehouse rather than a ten foot thick concrete containment shell, so the result was a lot of explosions.

The Three Mile Island facility is already built as a nuclear plant, so the cost to Microsoft will be modernizing the decommissioned plant which stopped operating 45 years ago. The plant was used for just 11 years.

China is investing huge sums into fission and fusion plants, in addition to their mammoth solar and wind farms adjoining the Gobi desert, which is nearly complete. China is also investing vast sums into new coal plants because China feels too vulnerable importing nearly all of their oil and gas from the Middle East. Relying on Russia for some of that is a diversification that doesn't make them feel any safer.
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