One of the most exciting companies in nuclear fission is now publicly traded on the NYSE.
What’s happening:
- Nuclear power company Oklo (NYSE:OKLO) has officially gone public after completing their SPAC transaction with AltC Acquisition Corp
The big idea:
- Oklo is focused on providing carbon free nuclear power to energy companies, data centres and even artificial intelligence startups
- Oklo’s flagship product is known as the Aurora powerhouse which has a modular design and operates as scalable power plant that can produce 15-50 megawatts of electricity
- The Aurora powerhouse only requires a few acres of space for construction and can be built in close proximity to the site it is providing electricity to , which vastly reduces the costs of building out large power line infrastructure
By the numbers:
- The SPAC deal between Oklo and AltC Acquisition Corp has provided Oklo with approximately $306M USD in new capital
- Oklo’s next generation fission reactors only require refuelling once every 10 years
Going deeper:
- Oklo has multiple significant partnerships for power supply, including a notable deal with one of the largest shale-oil producers in the United States Diamondback Energy (NASDAQ: FANG)
- Oklo has also been collaborating closely with the United States Department of Defense and Department of Energy on validating their nuclear fuel recycling technology for both safety and efficiency
The intrigue:
- OpenAI founder Sam Altman is one of the earliest investors in Oklo and was the main financier behind AltC Acquisition Corp
