Connection

popular articles

Stalemate on the Aphrodite gas project in Cyprus
SERMATEC completes major energy storage project in Eastern Europe
SBM Offshore and Technip Energies launch Ekwil, a JV dedicated to offshore wind energy
Egypt invites tenders for 740,000 tonnes of petroleum products
Encavis AM and Commerzbank finalize financing for solar farm

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

Switzerland Faces Potential Loss of 29% Electricity as Nuclear Plants Near Shutdown
Niger: Orano challenges the withdrawal of its permit for 200,000 tons of uranium
United Kingdom: Ballard Secures 6.4 MW Contract for Public Zero-Emission Buses in Europe
Acme Solar connects 1023 MW solar projects to the ISTS grid in Rajasthan
United States: Altus Power Acquires 2.8 MW of Solar Capacity from Emeren Group

Recently published in

Switzerland Faces Potential Loss of 29% Electricity as Nuclear Plants Near Shutdown

The Swiss government proposes lifting the ban on new nuclear power plants to offset the imminent loss of 29% of electricity supplied by aging reactors.
TerraPower and HD Hyundai partner on a 345 MW nuclear reactor in the United States
HD Hyundai and TerraPower collaborate on the Natrium project, a 345 MW nuclear reactor planned in Wyoming by 2030. This project represents a major step forward in the modular reactor sector to enhance the global energy transition.
en_1140994540
TerraPower and HD Hyundai partner on a 345 MW nuclear reactor in the United States
HD Hyundai and TerraPower collaborate on the Natrium project, a 345 MW nuclear reactor planned in Wyoming by 2030. This project represents a major step forward in the modular reactor sector to enhance the global energy transition.
en_1140994540
Italy: MAIRE-newcleo agreement for a 200 MWe nuclear reactor
MAIRE S.p.A. and newcleo Holding launch Italy's first nuclear project under the Meloni government, featuring a 200 MWe advanced modular reactor.
en_1140978540
Italy: MAIRE-newcleo agreement for a 200 MWe nuclear reactor
MAIRE S.p.A. and newcleo Holding launch Italy's first nuclear project under the Meloni government, featuring a 200 MWe advanced modular reactor.
en_1140978540
The Global Nuclear Market Will Reach USD 44.71 Billion by 2029 Through Strategic Investments
Driven by favorable public policies and growing energy demand, the global nuclear energy market is projected to reach USD 44.71 billion by 2029, with an annual growth rate of 2.9%. Major powers are intensifying investments in the sector.
en_1140992540
The Global Nuclear Market Will Reach USD 44.71 Billion by 2029 Through Strategic Investments
Driven by favorable public policies and growing energy demand, the global nuclear energy market is projected to reach USD 44.71 billion by 2029, with an annual growth rate of 2.9%. Major powers are intensifying investments in the sector.
en_1140992540

The United States Grants Two Subsidies for Nuclear Projects in Bulgaria

Two American grants will finance studies on radioactive waste management and modular nuclear reactors in Bulgaria, strengthening bilateral cooperation and supporting the country's energy objectives.
Flamanville’s EPR: 20 Years of Challenges for a New Energy Hope
The Flamanville EPR will be connected to the grid this Friday. After two decades of delays and cost overruns, this next-generation reactor marks a major milestone for French nuclear energy.
en_1140954540
Flamanville’s EPR: 20 Years of Challenges for a New Energy Hope
The Flamanville EPR will be connected to the grid this Friday. After two decades of delays and cost overruns, this next-generation reactor marks a major milestone for French nuclear energy.
en_1140954540
Westinghouse signs a 20 billion CAD agreement for nuclear projects in Canada
Westinghouse and Aecon announce partnerships to develop AP1000 reactors in Canada, with an economic impact estimated at 20 billion CAD and thousands of jobs at stake.
en_1140957540
Westinghouse signs a 20 billion CAD agreement for nuclear projects in Canada
Westinghouse and Aecon announce partnerships to develop AP1000 reactors in Canada, with an economic impact estimated at 20 billion CAD and thousands of jobs at stake.
en_1140957540
Slovakia: EPH acquires 50% of Slovenske Elektrarne for 150 million euros
EPH, a Czech group owned by Daniel Kretinsky, acquires a majority stake in Slovenske Elektrarne for 150 million euros, consolidating its presence in the European nuclear energy market.
en_1140971540
Slovakia: EPH acquires 50% of Slovenske Elektrarne for 150 million euros
EPH, a Czech group owned by Daniel Kretinsky, acquires a majority stake in Slovenske Elektrarne for 150 million euros, consolidating its presence in the European nuclear energy market.
en_1140971540

Fessenheim: EDF criticized for a public debate deemed biased by 3 associations

Three associations withdrew from the public debate on the recycling of low-level radioactive metals in Fessenheim, citing a biased and unbalanced process.
State Aid for Poland’s First Nuclear Power Plant: EU Launches Investigation
The European Commission opens an investigation into Poland's public support for its first nuclear project, estimated at €45 billion, to ensure compliance with electricity market competition rules.
en_1140970540
State Aid for Poland’s First Nuclear Power Plant: EU Launches Investigation
The European Commission opens an investigation into Poland's public support for its first nuclear project, estimated at €45 billion, to ensure compliance with electricity market competition rules.
en_1140970540
NANO Nuclear and Digihost Submit a Response to NYSERDA for a 60 MW Facility in New York
NANO Nuclear and Digihost submit a proposal to NYSERDA to evaluate the integration of advanced nuclear technologies at a 60-megawatt energy site in New York State.
en_1140949540
NANO Nuclear and Digihost Submit a Response to NYSERDA for a 60 MW Facility in New York
NANO Nuclear and Digihost submit a proposal to NYSERDA to evaluate the integration of advanced nuclear technologies at a 60-megawatt energy site in New York State.
en_1140949540
Standard Uranium deploys innovative multiphysics surveys at Davidson River project
Standard Uranium engages Fleet Space Technologies to conduct multiphysics surveys combining ambient noise tomography and gravimetry. This project targets uranium-bearing corridors in the southwest of the Athabasca Basin.
en_1140959540
Standard Uranium deploys innovative multiphysics surveys at Davidson River project
Standard Uranium engages Fleet Space Technologies to conduct multiphysics surveys combining ambient noise tomography and gravimetry. This project targets uranium-bearing corridors in the southwest of the Athabasca Basin.
en_1140959540

Nuclear Energy: An Economic Asset in Australia’s Energy Mix, Says Study

An independent economic analysis concludes that including nuclear energy in Australia's electricity market could yield substantial savings, with a cost reduction estimated at 44% compared to a scenario relying solely on renewable energy.
Iran Escalates Nuclear Enrichment: Alarming Increase Under Enhanced Surveillance
Iran surpasses critical limits, increasing uranium enrichment to 60%, while agreeing to stricter monitoring by the IAEA. This development heightens international tensions and revives diplomatic concerns.
en_1140873540
Iran Escalates Nuclear Enrichment: Alarming Increase Under Enhanced Surveillance
Iran surpasses critical limits, increasing uranium enrichment to 60%, while agreeing to stricter monitoring by the IAEA. This development heightens international tensions and revives diplomatic concerns.
en_1140873540
Candu Energy reaches $1 billion in contracts for the Canadian nuclear supply chain
With over $1 billion in purchase orders in 2024, Candu Energy, a subsidiary of AtkinsRéalis, strengthens its Canadian nuclear supply chain by involving 350 local companies, supporting thousands of jobs and advancing the clean energy transition.
en_1140880540
Candu Energy reaches $1 billion in contracts for the Canadian nuclear supply chain
With over $1 billion in purchase orders in 2024, Candu Energy, a subsidiary of AtkinsRéalis, strengthens its Canadian nuclear supply chain by involving 350 local companies, supporting thousands of jobs and advancing the clean energy transition.
en_1140880540
Poland: First Nuclear Power Plant Operational by 2036
Poland confirms plans for its first nuclear power plant, scheduled to be operational by 2036, while unveiling projects for a second facility by 2040.
en_1140861540
Poland: First Nuclear Power Plant Operational by 2036
Poland confirms plans for its first nuclear power plant, scheduled to be operational by 2036, while unveiling projects for a second facility by 2040.
en_1140861540

Norway Explores the Potential of Modular Reactors in Halden

Two companies, Amentum and Multiconsult, have been tasked with assessing the feasibility of a modular reactor in Halden, marking a key step in Norway's ambition to address its growing energy deficit.
Paris, London, and Berlin Call on Iran to Stop Nuclear Escalation
France, Germany, and the United Kingdom denounce Iran's increased uranium enrichment, deemed incompatible with civilian use, and call for negotiations to regulate its nuclear program.
en_1140826540
Paris, London, and Berlin Call on Iran to Stop Nuclear Escalation
France, Germany, and the United Kingdom denounce Iran's increased uranium enrichment, deemed incompatible with civilian use, and call for negotiations to regulate its nuclear program.
en_1140826540
Natura Resources revolutionizes Texas energy with small modular reactors
In response to Texas's energy and water challenges, Natura Resources relies on small modular reactors to provide reliable, sustainable solutions adapted to the growing needs of a booming economy.
en_1140825540
Natura Resources revolutionizes Texas energy with small modular reactors
In response to Texas's energy and water challenges, Natura Resources relies on small modular reactors to provide reliable, sustainable solutions adapted to the growing needs of a booming economy.
en_1140825540
Shimane 2: Restart after 13 Years of Shutdown
The Shimane 2 nuclear power plant in Japan resumed operations on December 7 after 13 years of inactivity. This second boiling water reactor marks a significant milestone in the country's energy revitalization.
en_1140803540
Shimane 2: Restart after 13 Years of Shutdown
The Shimane 2 nuclear power plant in Japan resumed operations on December 7 after 13 years of inactivity. This second boiling water reactor marks a significant milestone in the country's energy revitalization.
en_1140803540

The Philippines advances in the development of its nuclear infrastructure

Following recommendations from the International Atomic Energy Agency, the Philippines is strengthening its commitment to nuclear energy, aiming to integrate this energy source into its energy mix by 2032.
Switzerland: The Beznau Nuclear Power Plant to Shut Down Permanently by 2033
The Beznau nuclear power plant, the oldest in Europe, will cease operations in 2033 according to its operator, Axpo. Greenpeace Switzerland demands an immediate shutdown to reduce environmental risks and prioritize renewable energy sources.
en_1140766540
Switzerland: The Beznau Nuclear Power Plant to Shut Down Permanently by 2033
The Beznau nuclear power plant, the oldest in Europe, will cease operations in 2033 according to its operator, Axpo. Greenpeace Switzerland demands an immediate shutdown to reduce environmental risks and prioritize renewable energy sources.
en_1140766540
France Negotiates with Kazakhstan to Build a Nuclear Power Plant
Kazakhstan is discussing its first nuclear power plant project with France. EDF, Framatome, and Arabelle Solutions represent France against competition from Russia, China, and South Korea.
en_1140776540
France Negotiates with Kazakhstan to Build a Nuclear Power Plant
Kazakhstan is discussing its first nuclear power plant project with France. EDF, Framatome, and Arabelle Solutions represent France against competition from Russia, China, and South Korea.
en_1140776540
EnergySolutions and Terrestrial Energy deploy molten salt nuclear reactors
EnergySolutions and Terrestrial Energy collaborate to implement advanced IMSR reactors, a modern nuclear generation technology, at specialized sites, addressing the growing demand for clean and industrial energy.
en_1140753540
EnergySolutions and Terrestrial Energy deploy molten salt nuclear reactors
EnergySolutions and Terrestrial Energy collaborate to implement advanced IMSR reactors, a modern nuclear generation technology, at specialized sites, addressing the growing demand for clean and industrial energy.
en_1140753540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS