Oklo

“Any of the sodium fast reactor designs, so your TerraPower, your Oklo, things of this nature, this would be A conversation where you need to have, at a minimum, a waste conditioning component to this, and if you're a company like Oklo, that's very much thinkin…”

“So, the thing that NRC denied for Oklo was that they submitted a combined license application, so this is for that parallel step where you don't do a separate design certification, you sort of submit a combined operating license and construction permit applica…”

“Literally if you rank every stock in the U S and vaguely defined as tech and don't put a market cap filter, you know, a very small one cut out to on and below planet labs, bloom energy, open door, Oclo and Seagate top five performing stocks this year.”

“Many of the technologies, some number of technologies, ours in particular, are able to load follow much more rapidly than historical nuclear.”

“So I'm super excited about Oclo and new scale and many of the others that are at the forefront of helping us create clean carbon-free energy at scale.”

“They rejected their petition, like out straight up out of hand earlier this year.”

“So the big thing we saw was we've built this massive inertia of millions of pages Of effectively regulatory guidance is what it's called. Basically recommendations on how to meet the regulations, which minds you are maybe a hundred pages or so. But you've buil…”

“I think you're the first advanced fission company to have a combined license application accepted by the US Nuclear Regulatory Commission.”

“So the whole plant is, you know depending on the size range, cause you can go up to a couple, you know, a couple different size points in power output, but on the order of, you know, a few thousand square feet to, you know, 15,000 square feet.”

“Oh, I mean you know, if you put the reactor inside of it, kind of depends a little bit on the exact sighting and how much work needs to go into it, but somewhere between 30 and forty million dollars.”

“So fuel, one load of fuel can last you up to 20 years.”

“It's a little more expensive, but if you move that to the 15 megawatt size range, then yeah, you can get the prices down to sort of below four, four or five cents kilowatt hour.”

“I mean, you'll turn it off occasionally for servicing different parts of it, but you're talking about a system that's going to be up and operational more than 98% of the time, or at least has the potential to be.”

“In fact, on April third, 1986, they put it through these phenomenal. Like basically full scale safety system tests where they challenged this thing in, in crazy difficult ways. They ran it at full power. They locked the control rods out, the things that go in …”

“Mind you, it also did these really cool things where it was able to produce power at three cents kilowatt hour. And it recycled its own waste.”

“Instead of being a 10,000 plus page document, it was, you know, 600 pages. It was, which by the way, mind you, is actually still a higher page per megawatt count than other plants, so it doesn't scale perfectly like that, but still significantly more efficient…”

“Yeah, I think you're right on the timeframes for what that looks like in that five-year window. I think we start to see deployments happen in, in, in smaller scales in that timeframe, but you're still talking about just a couple plans here and there.”

“One insight from working with Oklo on this is that the hardest part of building a nuclear reactor is not building it, it's not the physics, it's getting it permitted.”

“And what they've just done in the past 12 months, they've not only gotten the first ever in history grant of test fuel for a advanced nuclear fission reactor, the first ever site permit for an advanced fission reactor, but most importantly, they got something …”

“But when it comes out of the Oklo reactor at the end of 20 years it's only got about a hundred year half-life as opposed to about a 100,000”