Connection
[the_ad id="121217"]

popular articles

Japan: electricity prices rise 3% in the face of record demand
Chachimbiro Geothermal Project: Japan Invests $43 Million in Ecuador
Decline in Coal-Based Electricity Production in India: An Energy Turning Point
Nel ASA: A world leader in electrolyzers dedicated to renewable hydrogen
Verso Energy explores the conversion of biogenic CO2 into jet fuel

ChatGPT founder creates nuclear fusion and recycling company

Please share:

The start-up chaired by the head of OpenAI (ChatGPT), which is working on the development of nuclear fusion reactors, is to go public, with a valuation of $850 million.

Oklo: The young nuclear fusion and fuel recycling company headed by Sam Altman, creator of ChatGPT

Involved in several cutting-edge sectors, Sam Altman invested in Oklo, the name of this young company, in 2015, and also became its president. The 30-year-old made a name for himself in November with the launch of ChatGPT, a generative artificial intelligence interface that provides detailed answers to questions formulated in everyday language.

Oklo plans to build small modular reactors (SMRs) capable of generating electricity using nuclear fusion, a different process from the fission currently used in conventional power plants. Based on the fusion of hydrogen atoms to form helium, this technology, which is expected to produce more energy in equal quantities than any other controllable source, is still under development.

Oklo also wants to offer a nuclear fuel recycling service. The young company still has no site of its own, and in January 2022 was denied a license to build an SMR in Idaho by the Nuclear Regulatory Agency (NRC). The NRC rejected this application, citing a lack of information on the risks of accidents and the responses planned in such cases.

Oklo, towards clean energy: Merger with AltC Acquisition to create the first fusion reactor

In concrete terms, Oklo will merge with AltC Acquisition, a vehicle already listed on the New York Stock Exchange whose sole purpose is to enable a company to go public more easily (also known as a SPAC), with lighter regulatory constraints. The start-up plans to raise $500 million in the process, which will be used to build Oklo’s first fusion reactor, Aurora, according to a press release issued on Tuesday.

The Santa Clara, California-based group is aiming for commissioning in 2026 or 2027. “The two most important ingredients for a bright future are abundant intelligence and abundant energy,” commented Sam Altman, quoted in the release. “I’ve long been interested in the potential of nuclear power to create clean, reliable and affordable energy on a large scale,” he added.

Register free of charge for uninterrupted access.

Publicite

Latest news

Indian Supplier Adani Reduces Electricity Supply to Bangladesh Due to Outstanding Payments
France Unveils Its Energy and Climate Strategy Ahead of COP29
Canada: 35% CO₂ Emissions Reduction in Energy by 2030, a Complex Transition
COP29 under Tension: Climate Commitments Threatened by Fossil Fuel Interests
Sweden Halts Baltic Sea Wind Projects Over National Security Concerns

Recently published in

Niger denounces Orano’s suspension of uranium production

The Nigerien junta criticizes Orano's suspension of activities, claiming the decision harms stakeholder commitments and lacks transparency, according to a document from the state-owned company Sopamin.
Rejection of Amazon Project: Nuclear Energy Companies Plunge on Wall Street
The refusal by the U.S. energy regulator for an Amazon data center project powered by nuclear energy has led to a stock drop for several energy companies on the New York Stock Exchange.
en_1140247540
Rejection of Amazon Project: Nuclear Energy Companies Plunge on Wall Street
The refusal by the U.S. energy regulator for an Amazon data center project powered by nuclear energy has led to a stock drop for several energy companies on the New York Stock Exchange.
en_1140247540
Worley Chemetics joins GE Vernova to strengthen the safety of the BWRX-300 modular reactor
GE Vernova partners with Worley Chemetics to manufacture a key component of the BWRX-300 modular reactor, aiming to enhance safety and stimulate Ontario's nuclear economy.
en_1140225540
Worley Chemetics joins GE Vernova to strengthen the safety of the BWRX-300 modular reactor
GE Vernova partners with Worley Chemetics to manufacture a key component of the BWRX-300 modular reactor, aiming to enhance safety and stimulate Ontario's nuclear economy.
en_1140225540
U.S. Investigation on Chinese Enriched Uranium Imports Intensifies
U.S. Investigation on Chinese Enriched Uranium Imports Intensifies
en_1140212540
U.S. Investigation on Chinese Enriched Uranium Imports Intensifies
U.S. Investigation on Chinese Enriched Uranium Imports Intensifies
en_1140212540
[the_ad id="121209"]
[the_ad id="121211"]

Japan Restarts Nuclear Reactor Near Fukushima Amid Safety Concerns

Nearly thirteen years after the Fukushima disaster, Japan resumes operations at a nuclear reactor in the northeast, reinforced to withstand tsunamis, as the country accelerates its energy transition.
Czech Giant CEZ Partners with Rolls-Royce to Develop Mini Nuclear Reactors
CEZ acquires a 20% stake in Rolls-Royce SMR to build small nuclear reactors in the Czech Republic, aiming for stable and low-carbon energy.
en_1140194540
Czech Giant CEZ Partners with Rolls-Royce to Develop Mini Nuclear Reactors
CEZ acquires a 20% stake in Rolls-Royce SMR to build small nuclear reactors in the Czech Republic, aiming for stable and low-carbon energy.
en_1140194540
Greenpeace warns of submersion risk at Gravelines nuclear power plant
On Monday morning, Greenpeace activists entered the Gravelines nuclear power plant site to highlight the marine submersion risks associated with future EPR reactors, emphasizing the site’s vulnerability to rising sea levels.
en_1140169540
Greenpeace warns of submersion risk at Gravelines nuclear power plant
On Monday morning, Greenpeace activists entered the Gravelines nuclear power plant site to highlight the marine submersion risks associated with future EPR reactors, emphasizing the site’s vulnerability to rising sea levels.
en_1140169540
Sweden: Court Approves Construction of Nuclear Waste Storage Facility
The Swedish judiciary has approved the construction of a radioactive waste disposal site in Forsmark, a long-term project designed to ensure secure storage for 100,000 years.
en_1140142540
Sweden: Court Approves Construction of Nuclear Waste Storage Facility
The Swedish judiciary has approved the construction of a radioactive waste disposal site in Forsmark, a long-term project designed to ensure secure storage for 100,000 years.
en_1140142540
[the_ad id="121213"]
[the_ad id="121214"]

The French State strengthens Orano with a €300 million capital increase to support the nuclear sector

The French government has injected €300 million into Orano, a nuclear specialist, to increase its uranium enrichment capacity and support its international market expansion against Rosatom.
Slovenia Drops Referendum on New Nuclear Reactor
The Slovenian Parliament has decided to cancel the referendum on building a second reactor at the Krsko nuclear plant, a controversial project aimed at strengthening the country's nuclear energy production.
en_1140137540
Slovenia Drops Referendum on New Nuclear Reactor
The Slovenian Parliament has decided to cancel the referendum on building a second reactor at the Krsko nuclear plant, a controversial project aimed at strengthening the country's nuclear energy production.
en_1140137540
Fukushima: TEPCO resumes extraction of radioactive debris after technical stoppage
TEPCO will resume extracting radioactive materials in Fukushima after resolving a technical issue. This operation marks a key step in dismantling the plant affected by a tsunami in 2011.
en_1140129540
Fukushima: TEPCO resumes extraction of radioactive debris after technical stoppage
TEPCO will resume extracting radioactive materials in Fukushima after resolving a technical issue. This operation marks a key step in dismantling the plant affected by a tsunami in 2011.
en_1140129540
Debate on Nuclear Energy in Sweden: A Report Criticized for Lack of Alternative Scenarios
A Swedish expert questions the government’s review on nuclear development, claiming it does not account for potential variations in electricity demand, particularly in the northern part of the country.
en_1140124540
Debate on Nuclear Energy in Sweden: A Report Criticized for Lack of Alternative Scenarios
A Swedish expert questions the government’s review on nuclear development, claiming it does not account for potential variations in electricity demand, particularly in the northern part of the country.
en_1140124540

The third unit of the Changjiang nuclear plant reaches a key milestone

The third unit of the Changjiang nuclear power plant in Hainan, China, has reached a major milestone with the installation of the outer dome, marking the completion of the main structure.
France: Pierre-Marie Abadie’s Appointment to Lead the ASNR Raises Concerns
The nomination of Pierre-Marie Abadie to chair the future Nuclear Safety and Radiation Protection Authority (ASNR) was approved by Parliament, despite concerns about a potential conflict of interest.
en_1140105540
France: Pierre-Marie Abadie’s Appointment to Lead the ASNR Raises Concerns
The nomination of Pierre-Marie Abadie to chair the future Nuclear Safety and Radiation Protection Authority (ASNR) was approved by Parliament, despite concerns about a potential conflict of interest.
en_1140105540
Microsoft relaunches Three Mile Island nuclear plant with Constellation Energy
The project to restart Unit 1 of the Three Mile Island plant, financed by Microsoft and Constellation Energy, aims to provide 835 MW of clean energy to meet the growing needs of data centers, with a scheduled reactivation by 2028.
en_114076540
Microsoft relaunches Three Mile Island nuclear plant with Constellation Energy
The project to restart Unit 1 of the Three Mile Island plant, financed by Microsoft and Constellation Energy, aims to provide 835 MW of clean energy to meet the growing needs of data centers, with a scheduled reactivation by 2028.
en_114076540
Serbia accelerates discussions on future nuclear projects
Serbia continues talks with Rosatom to lift the ban on nuclear energy in place since 1989 and explores opportunities in modern nuclear technologies.
en_114077540
Serbia accelerates discussions on future nuclear projects
Serbia continues talks with Rosatom to lift the ban on nuclear energy in place since 1989 and explores opportunities in modern nuclear technologies.
en_114077540
[the_ad id="121219"]

Slovenia’s JEK2 Nuclear Project Estimated Between EUR 9.5 and 15.4 Billion

The JEK2 nuclear project in Slovenia could cost between EUR 9.5 and 15.4 billion according to an independent review. The Prime Minister plans a referendum in 2024 before a final decision expected in 2028.
Orano launches working groups for the development of fast reactor fuels
Orano creates two sharing groups dedicated to fast neutron reactors in France. These groups bring together the main designers of advanced modular reactors, aiming to develop sustainable nuclear fuel solutions.
en_114075540
Orano launches working groups for the development of fast reactor fuels
Orano creates two sharing groups dedicated to fast neutron reactors in France. These groups bring together the main designers of advanced modular reactors, aiming to develop sustainable nuclear fuel solutions.
en_114075540
Italy Considers Return to Nuclear Energy under Meloni Government
The Italian government, led by Giorgia Meloni, is preparing a legislative framework to reintroduce nuclear energy, aiming to achieve carbon neutrality by 2050 and reduce dependence on Russian gas.
en_114052540
Italy Considers Return to Nuclear Energy under Meloni Government
The Italian government, led by Giorgia Meloni, is preparing a legislative framework to reintroduce nuclear energy, aiming to achieve carbon neutrality by 2050 and reduce dependence on Russian gas.
en_114052540
European Nuclear Energy Alliance Calls for Support from the EU Commission
Members of the European Nuclear Energy Alliance have called on the upcoming European Commission to recognize the role of nuclear and renewables in Europe's decarbonization between 2024 and 2029.
en_1140999946540
European Nuclear Energy Alliance Calls for Support from the EU Commission
Members of the European Nuclear Energy Alliance have called on the upcoming European Commission to recognize the role of nuclear and renewables in Europe's decarbonization between 2024 and 2029.
en_1140999946540

In Japan, the Nuclear Comeback to Eliminate Coal

Japan is reorienting its energy policy by restarting its nuclear reactors to reduce its dependence on coal. This decision comes amidst environmental pressures and the search for cleaner energy sources.
Amazon Commits to Modular Nuclear with a $500M Investment
Amazon invests $500 million in the development of modular nuclear reactors in collaboration with Energy Northwest and Dominion Energy, aiming to strengthen its low-carbon energy supply.
en_1140999921540
Amazon Commits to Modular Nuclear with a $500M Investment
Amazon invests $500 million in the development of modular nuclear reactors in collaboration with Energy Northwest and Dominion Energy, aiming to strengthen its low-carbon energy supply.
en_1140999921540
DOE allocates $900 million to promote next-generation reactors in response to growing energy demand
The US Department of Energy (DOE) announced $900 million in funding for next-generation nuclear technologies, aiming to meet the growing demand for clean energy.
en_1140999913540
DOE allocates $900 million to promote next-generation reactors in response to growing energy demand
The US Department of Energy (DOE) announced $900 million in funding for next-generation nuclear technologies, aiming to meet the growing demand for clean energy.
en_1140999913540
Google partners with Kairos for nuclear energy via SMR
Google announces a nuclear energy purchase agreement with the startup Kairos Power, utilizing small modular reactors (SMR) to meet its growing electricity needs.
en_1140880936540
Google partners with Kairos for nuclear energy via SMR
Google announces a nuclear energy purchase agreement with the startup Kairos Power, utilizing small modular reactors (SMR) to meet its growing electricity needs.
en_1140880936540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS