SEOUL, Aug 15 (Reuters) - South Korea's SK Inc (034730.KS) said on Monday it and an affiliate invested $250 million in TerraPower, a U.S. venture founded by billionaire Bill Gates that develops small-sized nuclear power reactors, called small modular reactors.
SK Inc, the holding company of South Korea's second-largest conglomerate SK Group, said it made the investment with affiliate SK Innovation (096770.KS) as part of a total $750 million fundraising round co-led by Gates.
The investment in small modular reactors, which SK said is a competitive carbon-free energy source, goes toward SK Group's pledge in 2021 to reduce 200 million tons of carbon emissions by 2030, SK said in a statement.
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