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Oklo Inc. is an advanced nuclear technology company based in Santa Clara, California. [ 1 ] [ 2 ] Founded in 2013 by Jacob DeWitte and Caroline Cochran, both graduates of the Massachusetts Institute of Technology (MIT) , the company designs compact fast reactors with the aim of providing clean, safe, and affordable energy.
The innovative energy company is prudently evaluating its business prospects. Stock prices used were the afternoon prices of Nov. 20, 2024. The video was published on Nov. 22, 2024.
In Oklo’s first earnings report since going public on Aug. 13, the company reported a net loss of about $53 million for the first six months of the year, wider than the roughly $9 million loss ...
Oklo was set to receive more than $306 million in gross proceeds upon closing of the transaction, according to a release. Oklo’s business model is based on commercializing nuclear fission, the ...
They concluded that the deposit had been in a reactor: a natural nuclear fission reactor, around 1.8 to 1.7 billion years BP – in the Paleoproterozoic Era during Precambrian times, during the Statherian period – and continued for a few hundred thousand years, probably averaging less than 100 kW of thermal power during that time.
A key factor that made the reaction possible was that, at the time the reactor went critical 1.7 billion years ago, the fissile isotope 235 U made up about 3.1% of the natural uranium, which is comparable to the amount used in some of today's reactors. (The remaining 96.9% was 238 U and roughly 55 ppm 234
As of 10 a.m. ET, Constellation stock itself is up a strong 14.4%, while nuclear upstarts NuScale Power Corporation (NYSE: SMR) and Nano Nuclear Energy (NASDAQ: NNE) have gained 13% and 15% ...
Uranium is produced from the Somair mine at Arlit, 63.4% owned by Orano Cycle and 36.66% by Niger state mining assets company Société du patrimoine des mines du Niger, known as SOPAMIN, and has produced nearly 68,000 tonnes (149,900,000 pounds) of uranium since operations began in 1971; and the Akouta mine at Akokan, owned by Orano Cycle (34% ...