Oklo

“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 …”

“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.”

“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”

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

“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.”

“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.”

“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 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.”

“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.”