Mentioned:
Oklo is about to make a bet on a Swedish small modular reactor company. But, why?
What’s happening:
- Oklo (NYSE: OKLO) has publicly stated they plan to make a strategic investment of $5M USD into Swedish small modular reactor company Blykalla in their upcoming financing round
Why it matters:
- Oklo’s strategic investment into Blykalla is part of a larger partnership in which Oklo and Blykalla will collaborate on advancing new technology breakthroughs and coordinate supply chains to bring new small modular reactors into commercial operations faster
Going deeper:
- Blykalla’s flagship small modular reactor known as SEALER uses lead as a coolant which enables passive safety and exceptionally high thermal efficiency during operations
- Oklo has been making a flurry of moves to be on the leading edge of small modular reactor deployments in North America lately, including notably committing $1.6B USD into a new fuel recycling plant located in Tennessee in collaboration with the Tennessee Valley Authority
