Mentioned:
The largest electric power company in South Korea is partnering up with Oklo. And they want to accelerate the deployment of their small modular reactors.
What’s happening:
- Oklo (NYSE: OKLO) has formed a new partnership with Korea Hydro & Nuclear Power to develop and deploy small modular reactors globally
Why it matters:
- Korea Hydro & Nuclear Power is one of the most prominent nuclear companies in the world and has been successfully building out large scale nuclear power plants for more than five decades
Going deeper:
- Oklo and Korea Hydro & Nuclear Power will initially focus on collaborating on finalizing the standard design of Oklo’s Aurora powerhouse and leveraging Korea Hydro & Nuclear Power’s vast experience building out nuclear power plants to accelerate Oklo’s ability to deploy new small modular reactors
- Oklo has already secured more than 14 gigawatts of pre-orders for their small modular reactors, which has been largely fuelled by an increasing demand from data centres and technology infrastructure companies
The intrigue:
- Political momentum has also been accelerating around nuclear power infrastructure and small modular reactors lately, with the President of the United States Donald Trump just recently signing multiple new executive orders aimed at reducing regulatory hurdles for new nuclear projects as well as expanding domestic uranium mining
