Intellectual Ventures' explanation of Bill Gates' backed TerraPower's Traveling-Wave Nuclear Reactor can be found at the following link:
http://intellectualventures.com/Libraries/TerraPower/IV_Introducing_TWR_February_2010.sflb.ashx
MIT's technology review has this to say about TWR:
http://www.technologyreview.com/energy/22114/?a=f
Intriguing stuff.
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