Motley Fool Money Sam Altman’s Nuclear Bet
Aug 24, 2024
Jake DeWitte, CEO of Oklo, shares insights into the future of nuclear energy. He discusses the stagnation of nuclear power and the innovative potential of small modular reactors. DeWitte highlights how outdated paradigms can be revitalized using old technology like the EBR2 reactor. He also addresses customer dynamics in energy supply, particularly for data centers, and the complexities of regulatory challenges. With a focus on efficiency and waste recycling, he reveals how nuclear could compete with renewable sources.
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Origin Story
- Jake DeWitte grew up in New Mexico, exposed to nuclear technology from a young age.
- This early exposure sparked a lifelong fascination, leading to his career at Oklo.
Nuclear's Stagnation
- Nuclear energy advancements, like space travel, flourished mid-20th century then stagnated.
- Factors like overcapacity, high interest rates, and uninformed opposition contributed to the slowdown.
Outdated Paradigms
- Outdated paradigms in nuclear energy include focusing on selling reactor designs rather than power.
- Oklo prioritizes selling power directly and building smaller, more manageable reactors.