Mentioned:
Oklo wants to be on the leading edge of nuclear waste recycling. And they’re committing more than a billion dollars to do it.
What’s happening:
- Oklo (NYSE: OKLO) has officially announced their plans to build and operate a fuel recycling plant in Tennessee to convert used nuclear fuel into fuel that can be used in fast nuclear reactors
By the numbers:
- Oklo will invest $1.68B USD into constructing and operating the new facility
Why it matters:
- The new facility will be the first privately funded plant in America for recycling nuclear waste into new fuel that can be used in nuclear reactors
Going deeper:
- Federally owned electric utility agency Tennessee Valley Authority is collaborating with Oklo to explore potential power sales from future Oklo reactors
- Nuclear fuel supply in America has been an emerging theme in both the public and private markets lately, with Peter Thiel’s nuclear fuel company General Matter just recently signing a lease with the Department of Energy for a new $1.5B USD uranium enrichment facility in Kentucky
The fine print:
- Oklo’s new plant in Tennessee still requires approval from nuclear energy regulators and is not expected to begin commercial operations for half a decade
