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Battle Royale: Oklo vs. NuScale Power.
The Motley Fool· 2026-02-23 02:05
Core Insights - Oklo and NuScale Power are two innovative companies in the nuclear technology sector, each with unique offerings and market positions [1] Company Overview - Oklo is developing a micro reactor capable of providing clean energy for over a decade without refueling, utilizing both recycled and advanced nuclear fuel for cost efficiency [1] - NuScale Power offers small modular reactors (SMRs) that can be factory-assembled and deployed as needed, having received NRC design certification for one of its reactor designs [4][6] Market Position - Oklo has a market capitalization of $10 billion, while NuScale's market cap is approximately $3.8 billion, indicating a significant valuation difference [2][8] - Oklo's reactors produce about 15 megawatts of electricity, with larger units available, while NuScale's modules generate 50MW or 77MW each, suggesting Oklo's design may appeal to customers needing smaller, continuous power solutions [9] Financial Performance - NuScale has begun generating revenue but is experiencing cash burn and heavy losses, while Oklo currently lacks sales but is diversifying its business through acquisitions [4][6][10] - Oklo's acquisition of Atomic Alchemy allows it to expand into radioisotopes, providing potential near-term revenue [10] Regulatory and Operational Status - NuScale has secured regulatory approval, giving it a first-mover advantage, whereas Oklo is still progressing through the NRC's licensing process, targeting 2027 for commercial operations [4][10]