Every year, companies from around the globe vie for a spot in the Platts Global Energy Awards, a competition that honors the top performers in the industry. These awards, sponsored by the leading energy information company Platts, have been described as the “World Series” and “Academy Awards” of the energy industry and attract more than 200 nominations annually. TerraPower is a finalist in two categories this year.
The company itself was named a finalist for the “Rising Star” award, which recognizes businesses and start-ups working in new or innovative areas. That description perfectly suits our company. When we founded TerraPower, we wanted to solve the problem of energy poverty: more than one billion people around the world don’t have access to electricity. It has become increasingly clear that we must do this without carbon emissions since the poor will suffer the most from rising seas. Our solution uses nuclear energy to bring low-cost, environmentally friendly electricity to people around the world. Our traveling wave reactor (TWR) significantly mitigates many of the shortcomings of today’s nuclear energy reactors, and it also greatly simplifies the nuclear supply chain.
John Gilleland, TerraPower’s Chief Technical Officer, was named a finalist for the “Lifetime Achievement” award. This is given to someone “who has made an outstanding contribution to the energy industry in the course of his career.” John is a founder of TerraPower and has spent the past seven years dedicated to a technology that will provide electric power to millions of people currently living without access to modern lighting, cooling or heating, and the infrastructure that’s required for modern hospitals and schools.
The nominations for these prestigious awards give TerraPower an opportunity to communicate how our company is solving a global problem – how to bring safe, clean, reliable electricity to those who need it most.