Oklo Inc.
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Oklo Inc.
Oklo Inc. is an Advanced nuclear, advanced nuclear technology company based in Santa Clara, California. Founded in 2013 by Jacob DeWitte and Caroline Cochran, both graduates of the Massachusetts Institute of Technology (MIT), the company designs Small modular reactor, compact Fast-neutron reactor, fast reactors with the aim of providing clean, safe, and affordable energy. OpenAI co-founder Sam Altman stepped down as chairman on April 2025 to "avoid a conflict of interest ahead of talks between his company and the nuclear start-up on an energy supply agreement." The company's name is derived from Oklo, a region in the country of Gabon, Africa where self-sustaining Natural nuclear fission reactor, nuclear fission reactions occurred approximately 1.7 billion years ago. Oklo's business model is focused on selling power to customers, and its main product line for producing power is the Aurora nuclear reactor powerhouse product line. The Aurora powerhouse is a design for a small power ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Radioisotopes
A radionuclide (radioactive nuclide, radioisotope or radioactive isotope) is a nuclide that has excess numbers of either neutrons or protons, giving it excess nuclear energy, and making it unstable. This excess energy can be used in one of three ways: emitted from the nucleus as gamma radiation; transferred to one of its electrons to release it as a conversion electron; or used to create and emit a new particle (alpha particle or beta particle) from the nucleus. During those processes, the radionuclide is said to undergo radioactive decay. These emissions are considered ionizing radiation because they are energetic enough to liberate an electron from another atom. The radioactive decay can produce a stable nuclide or will sometimes produce a new unstable radionuclide which may undergo further decay. Radioactive decay is a random process at the level of single atoms: it is impossible to predict when one particular atom will decay. However, for a collection of atoms of a single nucl ...
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Permian Basin (North America)
The Permian Basin is a large sedimentary basin in the southwestern part of the United States. It is the highest-producing Petroleum reservoir, oil field in the US, producing an average of 4.2 million barrels of crude oil per day in 2019. This sedimentary basin is located in western Texas and far-southeastern New Mexico. It is named after the Permian geologic period, the final period of the Paleozoic era, as it contains some of the world's thickest deposits of Rock (geology), rocks from the period. The Permian Basin comprises several component basins, including the Midland Basin, which is the largest; Delaware Basin, the second largest; and Marfa, Texas, Marfa Basin, the smallest. The Permian Basin covers more than ,Ball - The Permian Basin
- USGS
and extends across an area approximately wide and lon ...
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Diamondback Energy
Diamondback Energy is an American company engaged in hydrocarbon exploration headquartered in Midland, Texas. As of December 31, 2020, the company had of estimated proved reserves, of which 52% was petroleum, 24% was natural gas, and 24% was natural gas liquids. The company's reserves are all in the Permian Basin. As of February 2024, it is ranked 400th on the Fortune 500. History The company began operations in December 2007 with the acquisition of 4,174 net acres in the Permian Basin. In October 2012, the company became a public company via an initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ..., issuing 12,500,000 shares of common stock at a price of $17.50 per share. In March 2017, the company acquired assets from Brigham Resources for $2.55 billi ...
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Letters Of Intent
A letter of intent (LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement, term sheet or memorandum of understanding. Merger and acquisition agreements, joint venture agreements, real property lease agreements and several other categories of agreements often make use of a letter of intent. The capitalized form ''Letter of Intent'' may be used in legal writing, but only when referring to a specific document under discussion. LOIs resemble short, written contracts, often in tabular form. They are not binding on the parties in their entirety. Many LOIs, however, contain provisions that are binding, such as those governing non-disclosure, governing law, exclusivity or a covenant to negotiate in good faith. A LOI may sometimes be interpreted by a court of law as binding the parties to it if it too-closely resembles a form ...
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Idaho National Laboratory
Idaho National Laboratory (INL) is one of the national laboratories of the United States Department of Energy and is managed by the Battelle Energy Alliance. Historically, the lab has been involved with nuclear research, although the laboratory does other research as well. Much of current knowledge about how nuclear reactors behave and misbehave was discovered at what is now Idaho National Laboratory. John Grossenbacher, former INL director, said, "The history of nuclear energy for peaceful application has principally been written in Idaho". The present facility resulted from the 2005 merger of two neighboring laboratories, the National Engineering and Environmental Laboratory, and the Idaho site of the western branch of Argonne National Laboratory (Argonne-West). Various organizations have built more than 50 reactors at what is commonly called "the Site", including the ones that gave the world its first usable amount of electricity from nuclear power and the power plant fo ...
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Nuclear Regulatory Commission
The United States Nuclear Regulatory Commission (NRC) is an independent agency of the United States government tasked with protecting public health and safety related to nuclear energy. Established by the Energy Reorganization Act of 1974, the NRC began operations on January 19, 1975, as one of two successor agencies to the United States Atomic Energy Commission. Its functions include overseeing reactor safety and security, administering reactor licensing and renewal, licensing and oversight for fuel cycle facilities, licensing radioactive materials, radionuclide safety, and managing the storage, security, recycling, and disposal of spent fuel. History Prior to 1975 the Atomic Energy Commission was in charge of matters regarding radionuclides. The AEC was dissolved, because it was perceived as unduly favoring the industry it was charged with regulating.John Byrne and Steven M. Hoffman (1996). ''Governing the Atom: The Politics of Risk'', Transaction Publishers, p. 163. Th ...
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Nuclear Fusion
Nuclear fusion is a nuclear reaction, reaction in which two or more atomic nuclei combine to form a larger nuclei, nuclei/neutrons, neutron by-products. The difference in mass between the reactants and products is manifested as either the release or absorption (electromagnetic radiation), absorption of energy. This difference in mass arises as a result of the difference in nuclear binding energy between the atomic nuclei before and after the fusion reaction. Nuclear fusion is the process that powers all active stars, via many Stellar nucleosynthesis, reaction pathways. Fusion processes require an extremely large Lawson criterion, triple product of temperature, density, and confinement time. These conditions occur only in Stellar core, stellar cores, advanced Nuclear weapon design, nuclear weapons, and are approached in List of fusion experiments, fusion power experiments. A nuclear fusion process that produces atomic nuclei lighter than nickel-62 is generally exothermic, due t ...
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Nuclear Battery
An atomic battery, nuclear battery, radioisotope battery or radioisotope generator uses energy from the decay of a radioactive isotope to generate electricity. Like a nuclear reactor, it generates electricity from nuclear energy, but it differs by not using a chain reaction. Although commonly called batteries, atomic batteries are technically not electrochemical and cannot be charged or recharged. Although they are very costly, they have extremely long lives and high energy density, so they are typically used as power sources for equipment that must operate unattended for long periods, such as spacecraft, pacemakers, underwater systems, and automated scientific stations in remote parts of the world. Nuclear batteries began in 1913, when Henry Moseley first demonstrated a current generated by charged-particle radiation. In the 1950s and 1960s, this field of research got much attention for applications requiring long-life power sources for spacecraft. In 1954, RCA researched ...
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Radioisotope Thermoelectric Generators
A radioisotope thermoelectric generator (RTG, RITEG), or radioisotope power system (RPS), is a type of nuclear battery that uses an array of thermocouples to convert the heat released by the decay of a suitable radioactive material into electricity by the Seebeck effect. This type of generator has no moving parts and is ideal for deployment in remote and harsh environments for extended periods with no risk of parts wearing out or malfunctioning. RTGs are usually the most desirable power source for unmaintained situations that need a few hundred watts (or less) of power for durations too long for fuel cells, batteries, or generators to provide economically, and in places where solar cells are not practical. RTGs have been used as power sources in satellites, space probes, and uncrewed remote facilities such as a series of lighthouses built by the Soviet Union inside the Arctic Circle. However, the Western Bloc did not use RTGs in this way due to worries about their risk to hum ...
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Process Control
Industrial process control (IPC) or simply process control is a system used in modern manufacturing which uses the principles of control theory and physical industrial control systems to monitor, control and optimize continuous Industrial processes, industrial production processes using control algorithms. This ensures that the industrial machines run smoothly and safely in factories and efficiently use energy to transform raw materials into high-quality finished products with reliable consistency while reducing Efficient energy use#Industry, energy waste and economic costs, something which could not be achieved purely by human manual control. In IPC, control theory provides the theoretical framework to understand system dynamics, predict outcomes and design control strategies to ensure predetermined objectives, utilizing concepts like feedback loops, stability analysis and controller design. On the other hand, the physical apparatus of IPC, based on automation technologies, cons ...
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Non-destructive Testing
Nondestructive testing (NDT) is any of a wide group of analysis techniques used in science and technology industry to evaluate the properties of a material, component or system without causing damage. The terms nondestructive examination (NDE), nondestructive inspection (NDI), and nondestructive evaluation (NDE) are also commonly used to describe this technology. Because NDT does not permanently alter the article being inspected, it is a highly valuable technique that can save both money and time in product evaluation, troubleshooting, and research. The six most frequently used NDT methods are eddy-current testing, eddy-current, magnetic-particle inspection, magnetic-particle, liquid penetrant testing, liquid penetrant, radiographic testing, radiographic, ultrasonic testing, ultrasonic, and Visual inspection, visual testing. NDT is commonly used in forensic engineering, mechanical engineering, petroleum engineering, electrical engineering, civil engineering, systems engineering, a ...
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