Bechtel Splits With TerraPower As Holtec Postpones IPO

Bechtel Splits With TerraPower As Holtec Postpones IPO Bechtel and Bill Gates-backed TerraPower are parting ways over the next phase of the Natrium reactor project in Wyoming, adding a construction headache to a sector already digesting Holtec’s postponed IPO. According to a layoff notice reported by Washington Business Journal, the companies failed to reach an agreement and “have decided to move forward separately.”  It's a hard flip from April when Bechtel was celebrating mobilization and field execution at Kemmerer Unit 1. And just last month, TerraPower was still targeting completion in 2030 for the project, which is a 345 MW sodium-cooled reactor plus a molten-salt storage system. Nothing has pointed yet to an...

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