CEO Statement: TerraPower Joins Institute of Nuclear Power Operations

BELLEVUE, WA - July 21, 2026 - TerraPower President and CEO, Chris Levesque, issued a statement today following the company's acceptance into the Institute of Nuclear Power Operations (INPO):

"TerraPower is honored to become the first advanced nuclear company in history to be accepted into the Institute of Nuclear Power Operations (INPO) as an operating member in support of Kemmerer Unit 1. This membership reflects TerraPower's unwavering commitment to safety, performance and reliability that INPO has championed for decades. We are proud to join a community that promotes the highest levels of safety and operational excellence for the nuclear industry."

INPO President and CEO, Bob Willard said: "We are pleased to welcome TerraPower as an INPO member and recognize this important milestone for both the company and the nuclear industry. As the first advanced reactor company accepted into INPO membership, TerraPower is demonstrating a commitment to the principles of operational excellence, safety, reliability and continuous learning that have defined commercial nuclear operations for decades."

About the Natrium Technology

The Natrium technology is the first mover in the advanced reactor sector and is well positioned to support increasing energy demand. The Natrium plant design features a 345 MW sodium-cooled fast reactor with a patented molten salt-based energy storage system. The storage technology can boost the system's output to 500 MW of power when needed as it is designed to keep base output steady, ensuring constant reliability, and can quickly ramp up when demand peaks-it is the only advanced reactor design with this unique feature.

The first Natrium plant, Kemmerer Unit 1, is being developed through the U.S. Department of Energy's Advanced Reactor Demonstration Program (ARDP), a public-private partnership. That project is expected to be completed in 2030 and will be the first utility-scale advanced nuclear power plant in the United States. The NRC issued the construction permit for KU1 in March, and the company began construction on the plant in April. TerraPower is rapidly commercializing the Natrium technology, which includes an agreement with Meta for up to eight Natrium plants in the United States by 2035.

About TerraPower

TerraPower is a leading nuclear innovation company that strives to improve the world through nuclear energy and science. Since it was founded by Bill Gates and a group of like-minded visionaries, TerraPower has emerged as an incubator and developer of ideas and technologies that offer energy independence, environmental sustainability, medical advancement and other cutting-edge opportunities. It accepts and tackles some of the world's most difficult challenges. Behind each of its innovations and programs, TerraPower actively works to bring together the strengths and experiences of the world's public and private sectors to answer pressing global needs. Learn more at terrapower.com.

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