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Terrestrial Energy and NRG PALLAS Begin Final Phase of Graphite Irradiation Testing for Supplier Selection
Globenewswire· 2025-07-08 12:00
Materials testing enables selection of graphite grade and licensing for its Generation IV Integral Molten Salt Reactor (IMSR) nuclear technology, designed to supply high- temperature, clean, firm and flexible thermal and electric energy, with sector-competitive economics and leading time-to-market at fleet scale Testing leverages world-class testing and research capabilities of the NRG PALLAS Petten Research Centre's High Flux Reactor CHARLOTTE, N.C. and PETTEN, The Netherlands, July 08, 2025 (GLOBE NEWSWIR ...
X @The Economist
The Economist· 2025-07-04 10:00
The Kremlin dominates the cross-border business of nuclear fuel and technology https://t.co/h1nMDRikDA ...
Can the US and Iran reach a new nuclear deal? #politics #shorts
Bloomberg Television· 2025-06-26 15:26
Is it possible after all that's happened for these two countries to get together in a room and for the US and Iran to to trust one another enough to engage in violent negotiations. Well, you know, in 2015 when we were negotiating the original Iran deal, uh my phrase was always don't trust and verify. Uh and I think that's going to be the the approach here on all sides.So again, I go back to those three strategic uh objectives. uh Iran being able to use nuclear technology peacefully, the West and Israel and ...
Can Oklo Stock Power Your Portfolio?
Forbes· 2025-06-23 12:35
Company Overview - Oklo is a nuclear energy startup that has seen its stock price increase over 6 times in the past year and over 55% in the last month, currently priced around $63 per share [2] Technology and Innovation - Oklo is developing compact, fast-spectrum microreactors with a power capacity between 15 and over 100 megawatts, contrasting with traditional nuclear plants that typically have a capacity of about 1,000 megawatts [3] - The reactors utilize fast neutrons and liquid-metal cooling, enhancing fuel efficiency and safety while avoiding high-pressure system complexities [3] - A significant innovation is the use of recycled nuclear waste as fuel, transforming a challenge into a clean energy resource [3] - These microreactors are designed for a 10-year operational lifespan and do not require on-site fuel management, making them suitable for remote and high-demand applications [3] Market Demand and Regulatory Environment - Electricity demand is expected to rise significantly, with nuclear energy emerging as a reliable solution for consistent, clean energy compared to intermittent renewable sources [4] - The tech sector's expansion, particularly in data centers for generative AI, is increasing energy requirements, alongside initiatives for domestic manufacturing and electrification [4] - Recent executive orders aim for a fourfold increase in nuclear capacity from 100 GW to 400 GW by 2050, with streamlined regulations for reactor licensing [5] - The U.S. Department of Defense is becoming a customer, engaging Oklo to power the Eielson Air Force Base in Alaska [5] Financial Considerations - Oklo is currently a pre-revenue company, focusing on constructing and operating plants to sell electricity through long-term agreements, with operations expected to start around 2028 to 2029 [6] - The company will incur significant cash expenses for research, development, and regulatory initiatives until it generates commercial revenues, potentially leading to capital pressure [6] - Scaling up manufacturing poses challenges that have historically affected many startups transitioning from prototype to mass production [7]
NANO Nuclear Appoints Experienced Communications and Capital Markets Professional Matthew Barry as Director of Investor Relations
Globenewswire· 2025-06-16 12:30
Core Viewpoint - NANO Nuclear Energy Inc. has appointed Matthew Barry as the new Director of Investor Relations to enhance communication with its investor base and support corporate initiatives [1][2][4]. Company Overview - NANO Nuclear Energy Inc. is focused on developing advanced nuclear energy solutions and aims to become a diversified, vertically integrated company across five business lines: portable microreactor technologies, nuclear fuel fabrication, nuclear fuel transportation, nuclear applications for space, and nuclear industry consulting services [9][10]. Leadership and Team Expansion - The appointment of Matthew Barry follows the addition of notable figures to the leadership team, including Seth Berl, Ph.D., and Rick Perry, which underscores the company's commitment to strong leadership and excellence in advanced nuclear technology [4][6]. - Matthew Barry brings over 10 years of experience in accounting, equity research, and investor relations, having previously worked at Deloitte and investment banks H.C. Wainwright and Cowen and Company [3][7]. Strategic Goals - The company aims to strengthen its dialogue with shareholders and enhance market awareness through transparent communication, leveraging Barry's expertise in capital markets [8][6]. - NANO Nuclear has been recognized for its achievements, including being the top-performing initial public offering in the U.S. in 2024, reflecting its growth and potential in the advanced nuclear sector [6].
NANO Nuclear Energy Closes $105 Million Common Stock Private Placement
Globenewswire· 2025-05-29 12:15
Core Viewpoint - NANO Nuclear Energy Inc. has successfully closed a private placement of common stock, raising approximately $105 million, which significantly enhances its cash position to over $210 million, enabling further advancements in the advanced nuclear energy sector [1][3][5]. Group 1: Financing Details - The private placement involved the sale of 3,888,889 shares at a price of $27.00 per share, with primary participation from notable institutional investors [2][5]. - The net proceeds from the financing are expected to be around $99 million after deducting offering expenses [1][3]. Group 2: Strategic Implications - The increased cash reserves will allow NANO Nuclear to advance its micro nuclear reactor technologies and pursue complementary acquisitions, aiming for initial revenue generation [3][5]. - The company plans to commence geological site characterization activities for its KRONOS MMR microreactor, which is being developed in collaboration with the University of Illinois Urbana-Champaign [5][9]. Group 3: Market Context - Recent presidential executive orders aimed at boosting nuclear energy in the U.S. are expected to create favorable conditions for NANO Nuclear and the broader nuclear energy sector [5]. - NANO Nuclear aims to become a leading, diversified, and vertically integrated advanced nuclear energy company, focusing on multiple business lines including microreactor technologies and nuclear fuel fabrication [8][9].
NANO Nuclear Energy Announces Pricing of $105 Million Private Placement of Common Stock
Globenewswire· 2025-05-27 12:30
Core Viewpoint - NANO Nuclear Energy Inc. has entered into a definitive securities purchase agreement for a private placement of 3,888,889 shares at $27.00 per share, aiming to raise $105 million to enhance its cash position and advance its nuclear technology initiatives [1][2][3]. Group 1: Private Placement Details - The private placement involves participation from fundamental institutional investors, including a leading long-only mutual fund and a prominent global investment manager [1][2]. - The closing of the offering is expected around May 28, 2025, pending customary closing conditions [2]. Group 2: Financial Position and Use of Proceeds - Following the private placement, the company anticipates having over $200 million in cash, which will be utilized to advance its micro nuclear reactors and related businesses, as well as to pursue complementary acquisitions [3]. - Titan Partners Group is acting as the sole placement agent for this offering [3]. Group 3: Company Overview and Business Lines - NANO Nuclear Energy Inc. is focused on becoming a diversified and vertically integrated company across five business lines: microreactor technologies, nuclear fuel fabrication, transportation, applications for space, and consulting services [5]. - The company claims to be the first portable nuclear microreactor company publicly listed in the U.S. [5]. Group 4: Product Development - NANO Nuclear is developing several advanced reactor products, including the KRONOS MMR™ Energy System, ZEUS solid core battery reactor, ODIN low-pressure coolant reactor, and the portable LOKI MMR [6]. - These products represent significant advancements in clean energy solutions, emphasizing portability and on-demand capabilities [6]. Group 5: Subsidiaries and Future Plans - Advanced Fuel Transportation Inc. (AFT), a subsidiary, aims to build a North American transportation company for HALEU fuel, targeting small modular reactors and other clients [7]. - HALEU Energy Fuel Inc. (HEF) is focused on developing a domestic source for HALEU fuel fabrication for NANO Nuclear's microreactors and the broader industry [8]. - NANO Nuclear Space Inc. (NNS) is exploring commercial applications of its micronuclear reactor technology in space, particularly for cis-lunar applications [9].
NANO Nuclear and MIT’s Department of Nuclear Science and Engineering Launch Advanced Irradiation Study to Investigate Salt-Based Thermal Storage for Nuclear Applications
Globenewswire· 2025-05-20 11:00
Core Viewpoint - NANO Nuclear Energy Inc. has launched a significant irradiation testing program in collaboration with MIT to study the behavior of nitrate molten salts under radiation, which is crucial for the development of next-generation nuclear reactors [1][3][5] Group 1: Collaboration and Research Focus - The two-year collaboration with MIT will investigate the thermal and radiolytic behavior of nitrate molten salts for advanced nuclear energy systems [1][3] - The research is funded by NANO Nuclear with over $500,000 and will be supervised by Prof. Koroush Shirvan, a leading expert in nuclear systems engineering [2][3] - The study aims to fill the knowledge gap regarding the performance of molten salts under ionizing radiation, which is essential for nuclear environments [3][4] Group 2: Research Methodology and Expected Outcomes - MIT researchers will utilize advanced diagnostics to measure off-gassing behavior, thermal degradation, and long-term material stability of the salts [4][5] - The results will directly inform the design of microreactors that use molten salts for heat transfer and energy storage, enhancing safety and performance models [4][5] - The project is expected to conclude in 2027, with quarterly updates and final data delivery coordinated between MIT and NANO Nuclear [6] Group 3: Company Overview and Future Directions - NANO Nuclear is focused on becoming a diversified and vertically integrated company across five business lines, including microreactor technologies and nuclear fuel fabrication [7] - The company is developing several advanced reactor products, including the KRONOS MMR Energy System and the portable LOKI MMR [8][9] - NANO Nuclear's subsidiaries are also exploring commercial applications of micronuclear reactor technology in space and developing a domestic HALEU fuel fabrication pipeline [10][11][12]
NANO Nuclear Energy Completes Retrofit of its New York State Nuclear Technology Testing Facility
Globenewswire· 2025-05-07 12:30
Core Viewpoint - NANO Nuclear Energy Inc. has completed the retrofitting of its multimillion-dollar demonstration and testing facility in Westchester County, New York, which will support the development and testing of its microreactors and the Annular Linear Induction Pump (ALIP) subsystem [1][2][5] Group 1: Facility Overview - The newly redeveloped facility will conduct non-nuclear mechanical and thermal tests essential for developing microreactors, particularly the ZEUS model, and commercial products like ALIP [2][9] - The facility includes a Liquid-Metal and Molten-Salt Test Loop, a magnetic field mapping system, and a custom-engineered thermal chamber for evaluating component performance [8][9] Group 2: Collaboration and Development - The retrofit was executed in collaboration with aRobotics Company, which specializes in robotic systems and high-precision prototyping, enhancing the facility's capabilities [3][5] - The facility is expected to play a crucial role in the R&D program, allowing for essential physical testing and validation of non-nuclear systems [5][9] Group 3: Strategic Importance - The facility will serve as a high-fidelity mechanical testbed for subsystems critical to reactor operation, informing future licensing and supporting industrial partnerships [9][10] - The proximity of the facility to NANO Nuclear's corporate headquarters in New York City will enhance operational coordination and collaboration with stakeholders [10] Group 4: Company Vision and Products - NANO Nuclear aims to become a diversified and vertically integrated company across five business lines, including portable microreactor technologies and nuclear fuel fabrication [10][11] - The company is developing several advanced reactor products, including the KRONOS MMR Energy System and the portable LOKI MMR, focusing on clean energy solutions [11][12]
Oklo(OKLO) - 2024 Q4 - Earnings Call Transcript
2025-03-24 22:02
Oklo (OKLO) Q4 2024 Earnings Call March 24, 2025 05:00 PM ET Company Participants Sam Doane - Director of Investor RelationsJacob Dewitte - Co-Founder, CEO & DirectorR. Craig Bealmear - CFOCraig Shere - Director of Research Conference Call Participants Ryan Pfingst - Equity Research AnalystJeffrey Campbell - Senior AnalystNone - AnalystEric Stine - Senior Research AnalystMax Hopkins - Equity Analyst Operator Thank you for standing by. My name is Karen and I will be your conference operator today. At this ti ...