Skip to main content

Bill Gates in Rolling Stone on Controlling Carbon Emissions and Nuclear Energy

Bill Gates
If you've got an interest in Bill Gates and his involvement in the nuclear startup TerraPower, we suggest you take a look at the interview the Microsoft founder did with Rolling Stone that was published earlier this week:
Like cut carbon emissions fast.

Yes, but people need energy. It's a gigantic business. The main thing that's missing in energy is an incentive to create things that are zero-CO2-emitting and that have the right scale and reliability characteristics.

It leads to your interest in nuclear power, right?

If you could make nuclear really, really safe, and deal with the economics, deal with waste, then it becomes the nirvana you want: a cheaper solution with very little CO2 emissions. If we don't get that, you've got a problem. Because you are not going to reduce the amount of energy used. For each year between now and 2100, the globe will use more energy. So that means more CO2 emissions every year. TerraPower, which is the nuclear-energy company that I'm backing, required a very long time to get the right people together, it required computer modeling to get the right technology together, and even now it's going to require the U.S. government to work with whatever country decides to build a pilot project – China, maybe. In a normal sort of private market, that project probably wouldn't have emerged. It took a fascination with science, concern about climate change and a very long-term view. Now, I'm not saying it's guaranteed to be successful, although it's going super, super well, but it's an example of an innovation that might not happen without the proper support.

Nuclear power has failed to fulfill its promises for a variety of economic and technical reasons for 40 years. Why continue investing in nuclear power instead of, say, cheap solar and energy storage?

Well, we have a real problem, and so we should pursue many solutions to the problem. Even the Manhattan Project pursued both the plutonium bomb and the uranium bomb – and both worked! Intermittent energy sources [like wind and solar] . . . yeah, you can crank those up, depending on the quality of the grid and the nature of your demand. You can scale that up 20 percent, 30 percent and, in some cases, even 40 percent. But when it comes to climate change, that's not interesting. You're talking about needing factors of, like, 90 percent.

But you can't just dismiss renewables, can you?

Solar is much, much harder than people think it is. When the sun shines, electricity is going to be worth zero, so all the money will be reserved for the guy who brings you power when there's no wind and no sun. There are some interesting things on the horizon along those lines. There's one called solar chemical. It's very nascent, but it comes with a built-in storage solution, because you actually secrete hydrocarbons. We're investing probably one-twentieth of what we should in that. There's another form of solar called solar thermal, which is cool because you can store heat. Heat's not easy to store, but it's a lot easier to store than electricity.
For more on Gates and his vision for the world's energy future, check out this TedTalk from 2010.

Bill Gates photo courtesy of Agencia Brasil.

Comments

jimwg said…
Re: "...If you could make nuclear really, really safe,"

Gee whiz, Billy, how much safer you gotta get in the real world?? You can pack all the nuclear plant fatalities there ever were worldwide over 50 years on one Greyhound Bus. You really want to get into what you'd need to haul all the victims of fossil fuel accidents -- never mind the routine daily pollution effect victims? Stop cluelessly fanning FUD of misperceptions and start hawking nuclear (even in self-intertest) like you did Windows! Granted, you're no nuclear Carl Sagan but do put those billions where your mouth is -- in mass media ads, please!

James Greenidge
Queens NY
SteveK9 said…
Jim, he wants a reason why what he is doing is so much better ... that is how he hawked Windows.

In a lot of ways TerraPower sounds like a really bad idea. It is not new ... 'candle' reactors were discussed in the 1960's, and leaving the fuel in place for 60 years ... at least some experts think this sounds difficult.

If you want a fast-metal-breeder reactor, the sodium reactors, Russian BN series (built) and GE's Prism (designed) are already there. Hard to see exactly what TerraPower is doing that is so interesting.

Popular posts from this blog

Wednesday Update

From NEI’s Japan micro-site: NRC, Industry Concur on Many Post-Fukushima Actions Industry/Regulatory/Political Issues • There is a “great deal of alignment” between the U.S. Nuclear Regulatory Commission and the industry on initial steps to take at America’s nuclear energy facilities in response to the nuclear accident in Japan, Charles Pardee, the chief operating officer of Exelon Generation Co., said at an agency briefing today. The briefing gave stakeholders an opportunity to discuss staff recommendations for near-term actions the agency may take at U.S. facilities. PowerPoint slides from the meeting are on the NRC website. • The International Atomic Energy Agency board has approved a plan that calls for inspectors to evaluate reactor safety at nuclear energy facilities every three years. Governments may opt out of having their country’s facilities inspected. Also approved were plans to maintain a rapid response team of experts ready to assist facility operators recoverin...

Activists' Claims Distort Facts about Advanced Reactor Design

Below is from our rapid response team . Yesterday, regional anti-nuclear organizations asked federal nuclear energy regulators to launch an investigation into what it claims are “newly identified flaws” in Westinghouse’s advanced reactor design, the AP1000. During a teleconference releasing a report on the subject, participants urged the Nuclear Regulatory Commission to suspend license reviews of proposed AP1000 reactors. In its news release, even the groups making these allegations provide conflicting information on its findings. In one instance, the groups cite “dozens of corrosion holes” at reactor vessels and in another says that eight holes have been documented. In all cases, there is another containment mechanism that would provide a barrier to radiation release. Below, we examine why these claims are unwarranted and why the AP1000 design certification process should continue as designated by the NRC. Myth: In the AP1000 reactor design, the gap between the shield bu...

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...