![]() ![]() Oklo plans to make much smaller nuclear reactors that can operate with fresh or recycled fuel for as long as a decade before they need to be refueled. ![]() The Vogtle plant in Georgia are the latest of this kind of conventional nuclear reactor to be constructed in the U.S., and its budget and schedule overruns have become infamous. Conventional nuclear reactors are expensive construction projects that take a long time. Oklo was founded in 2013 with the vision to re-imagine commercial nuclear energy. Also, because Oklo reactors are going to be much smaller than Helion power plants, they will likely serve different kinds of customers.įundamentally, "the world is just so energy limited, and it's such an energy deficit, we need all of it," Altman told CNBC. The need for clean, cheap energy "is so vast" that having multiple source of reliable, clean nuclear energy is a good thing, Altman says. He's also invested $375 million into Helion, which is one of a burgeoning industry of startups working to prove out and commercialize nuclear fusion, which is the way the sun generates energy and creates no long-lived nuclear waste, but has never been replicated and scaled on earth.Īltman says fusion, if it can be commercialized as Helion envisions, and Oklo, with its smaller, cheaper nuclear reactors, can co-exist. ![]() Oklo is working to commercialize nuclear fission, which is the reaction that powers all of existing nuclear power plants, but using much smaller reactors. "But from my vantage point, I feel like this is the most likely and the best way to get there."Īltman is betting on slightly different nuclear projects. I mean, maybe we could get there just with solar and storage," Altman told CNBC. "I don't see a way for us to get there without nuclear. In particular, Altman believes nuclear energy as necessary to meet demand while moving away from burning fossil fuels, which cause global warming. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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