Key Points Siemens Energy will begin procuring components for Oklo's Aurora powerhouse project at Idaho National Laboratory. The company is targeting late 2027 or early 2028 for the first deployment of the Aurora powerhouse. There is still considerable risk with Oklo stock, so investors may feel more comfortable with a nuclear energy ETF. 10 stocks we like better than Oklo › After dipping lower on Monday and Tuesday, the S&P 500 shows signs of reversing course today, staying in positive territory ...

Industry Trend & Opportunity - Power demand is experiencing a generational opportunity with increased demand not seen in decades [2] - The energy sector needs to add nuclear to the fuel mix for a sustainable, clean, and reliable system [2] - Economic development in Kansas requires nuclear energy [6] Technology & Project - TerraPower's Natrium reactor in Wyoming is scheduled to load nuclear fuel in 2030 [5] - TerraPower is examining deploying Natrium reactors in Evergy's service region in Kansas after the first Wyoming reactor [6] - Natrium reactors are expected to need less than half the concrete, steel, and labor to build, improving the ability to deliver plants at scale [11] - Natrium plant is expected to be a fairly large plant, a third of a gigawatt (0.33 GW) per plant, with built-in energy storage [12] Company Strategy & Collaboration - Evergy will meet near-term power needs with natural gas and solar, but will add nuclear for a sustainable system [2] - Evergy and TerraPower are collaborating to examine deploying Natrium reactors in Kansas [6] - Evergy's safe operation of the Wolf Creek plant for 30+ years has built confidence in nuclear safety and made Kansas welcoming to new nuclear [7] Challenges & Solutions - The main obstacle to nuclear energy is the capital expenditure (capex) [10] - Moving to new technology like TerraPower's Natrium reactor is essential to reduce capital intensity [8][11]

Core Viewpoint - NANO Nuclear Energy Inc. has signed a letter of intent to sell its ODIN™ low-pressure coolant microreactor design to Cambridge Atom Works for a total of $6.2 million, allowing the company to focus on its gas-cooled reactor portfolio and enhance developmental efficiencies [2][3][4]. Group 1: Transaction Details - The sale includes a $250,000 upfront non-refundable down payment and a $5.95 million payment scheduled for 2026, along with future low single-digit royalties based on net sales if ODIN is commercialized [3]. - The transaction is subject to the execution of definitive documentation and customary closing conditions [3]. Group 2: Strategic Implications - The sale of ODIN is part of NANO Nuclear's strategy to streamline its product line and concentrate resources on its gas-cooled microreactors: KRONOS MMR, LOKI MMR, and ZEUS [4][6]. - This strategic move aligns with the recent Atlantic Partnership for Advanced Nuclear Energy between the U.S. and the U.K., which aims to accelerate nuclear power development and streamline regulatory frameworks [5][6]. Group 3: Product Portfolio and Development - NANO Nuclear's flagship KRONOS MMR is designed to deliver up to 45 MWth in a single-unit configuration and can scale to gigawatt-level power in multi-unit configurations, enhancing energy resiliency and economics [6]. - The company is actively working with the U.S. Nuclear Regulatory Commission to license the KRONOS MMR and has initiated site preparation activities at the University of Illinois Urbana-Champaign [6][7]. Group 4: Future Outlook - The retention of LOKI MMR and ZEUS microreactors is seen as a strategic decision due to their shared features with the KRONOS MMR, which is expected to provide synergistic benefits across the portfolio [9][10]. - The company anticipates that the development of KRONOS MMR will directly benefit LOKI and ZEUS, enhancing performance and regulatory efficiency [10].

Core Insights - Alphabet's Google and Kairos Power will deploy an advanced nuclear plant, Hermes 2, connected to the Tennessee Valley Authority's electric grid by 2030 [1][4] - TVA has agreed to purchase up to 50 megawatts of power from the Hermes 2 reactor, marking the first power purchase agreement in the U.S. for an advanced reactor [1][2] - The reactor's output will be sufficient to power approximately 36,000 homes, supporting Google's data centers in Tennessee and Alabama [2] Financial and Operational Aspects - The collaboration aims to mitigate financial risks for consumers by having Kairos and Google bear the costs associated with building the plant, while TVA provides a revenue stream through the power purchase agreement [3][4] - TVA's CEO emphasized that this arrangement allows for innovation without placing the financial burden on consumers [4] - The construction permit for Hermes 2 was received from the Nuclear Regulatory Commission in November 2024, with an operating license application required before operations can commence [4] Additional Information - TVA did not disclose the electricity pricing from Hermes 2, nor did Kairos provide estimated costs for the plant [5]

Company Overview - ASP Isotopes Inc. is an advanced materials company focused on developing technology and processes for isotope production across multiple industries [13] - The company employs proprietary technology, the Aerodynamic Separation Process, and aims to produce highly enriched isotopes for healthcare and technology, as well as nuclear energy using Quantum Enrichment technology [13][14] Leadership Appointment - Dr. Ryno Pretorius has been appointed as the Chief Executive Officer of Quantum Leap Energy LLC, a subsidiary of ASP Isotopes, which is focused on developing advanced nuclear fuels [1][5] - Paul Mann will continue as the chairman and CEO of ASP Isotopes and chairman of QLE [2] Dr. Ryno Pretorius' Background - Dr. Pretorius has over 15 years of experience as a chemical engineer, including four years at Necsa, where he gained insights into the nuclear fuel supply chain [3] - He has served as technical director and CEO of Free Radical Process Design, a consulting firm that has worked with ASP Isotopes on isotope enrichment challenges [3] Strategic Initiatives - QLE is preparing for a spin-out anticipated in the second half of 2025, which involves building a senior leadership team to establish it as a standalone company [5] - The company has entered into a loan agreement with TerraPower for financing the construction of a uranium enrichment facility in South Africa [7] Technology and Market Potential - ASP Isotopes believes its Quantum Enrichment process can produce High Assay Low-Enriched Uranium (HALEU) at competitive prices, promoting the adoption of new nuclear energy [8] - The Nuclear Energy Institute estimates a potential HALEU supply demand of approximately 3,000 metric tons by 2035, with indications that actual demand may be higher [10] Future Energy Landscape - Global energy consumption is expected to double in the next 30 years, necessitating a zero increase in carbon emissions to meet 2050 climate goals [11] - Advanced nuclear fuels, particularly HALEU, will be essential for the operation of future small modular reactors [10][11]