August 25, 2026

Blykalla Submits Application for Second Swedish Reactor Park ()

Blykalla submits a second application to the Swedish government to build a 440-MW nuclear reactor park in Sweden, with up to 8 Sealers lead-cooled advanced modular reactors (AMRs).

April 1, 2026

Blykalla Expands Partnership with Oklo for U.S. Reactor Deployment ()

Blykalla is expanding its partnership with Oklo to support U.S. reactor deployment, including planned investment of up to $100–200M and engineering collaboration on DOE pilot program projects...

January 9, 2026

Meta Signs Nuclear Deals with Oklo, Vistra, and TerraPower ()

Meta has secured long-term agreements with Oklo, Vistra, and TerraPower to support existing nuclear plants and fund advanced reactor projects, supplying carbon-neutral power for AI and data center operations...

November 22, 2025

Aalo Featured in Forbes’ Deep Dive on the New Nuclear Buildout ()

Forbes spotlights Aalo Atomics, a Nucleation portfolio company, as part of a new wave of U.S. advanced-nuclear companies moving from concepts to manufacturing, with progress at its Austin factory, a 2026 criticality target at INL, and growing investor support.

September 29, 2025

Blykalla Secures Oklo as A2 Co-Lead and Forms Transatlantic Partnership ()

Portfolio company Blykalla has secured Oklo as a co-lead investor in its A2 round and formed a transatlantic partnership to collaborate on reactor technology, supply chains, and regulatory pathways...

January 31, 2022

Is the NRC hostile towards innovators?

Robert Bryce writing in Forbes, raises the question  . . . though in not so many words.  Comparing the NRC's treatment of Oklo to the galloping progress that the Chinese are making with their own industry to build new advanced designs, Bryce suggests that it is the NRC's rather hostile attitude towards our advanced nuclear innovators that is holding back American competitiveness in the design and commercialization of Advanced Reactors.

Proof, he suggests, came in early January when the Nuclear Regulatory Commission rejected Oklo Power LLC’s application to build and operate a 1.5-megawatt fast reactor in Idaho. It wasn't exactly the decision to reject the application so much as the rather abrupt and even hostile tactic the agency used, which was not to communicate with the company but to publish the dismissal without indicating its intention to the company.  This display of disfunctional behavior is clearly why, as Bryce claims,

"China is beating the pants off the United States in the race to deploy next-generation nuclear reactors. Wait. That's not quite true. To have a race, the competitors have to be assembled at a starting line. The hard truth for the U.S. nuclear sector is that bureaucratic inertia is preventing it from even approaching the starting line."

Bryce cites Nucleation Managing Partner, Rod Adams, in explaining that the NRC had accepted Oklo's 600 page application back in June of 2020.  They were well aware, when they did that, that Oklo's application was not like traditional or even modular lightwater applications, which had most recently clocked in at over 12,000 pages.  Then, the NRC proceeds to work through the application with Oklo for 22 months, billing the company at a high hourly rate for that work, and routinely asking for additional items. At that point, they suddenly switch course and, out of the blue, feel the need to pronounce "Oh, hell, you're missing stuff that we want to see, so we're just done and denying this application."

I'm sorry, that's just the wrong on so many levels. That is not the way to work productively with a group that you also make clear, you expect to work together with again. Wow, it is difficult not to believe that there is much more going on within the NRC that is broadly disfunctional when they treat a group like Oklo that way. Not to mention that they obviously have no understanding of the way that private ventures and their investors work.

More importantly, the NRC's action evidences the fact that they utterly fail to recognize that climate change is operating at a scale of threat to humanity that is several magnitudes worse than any possible risk from Oklo's 1.5 MW design. The whole world need more clean energy solutions, with next-gen nuclear being the one with the best chances of scaling up in time. The NRC does not seem to realize at all that If American developers cannot get their designs licensed, the 150 or so nations seeking to increase the access to nuclear power will purchase designs offered them by Russia or China.

One can only hope that the Biden Adminstration, which has placed Advanced Nuclear on its Critical and Emerging Technologies List, takes these legacy NRC blinder issues under advisement when it selects new commissioners or nations that are more or less hostile towards American interests, will eat our lunch.

Read Bryce's piece in Forbes, NRC's Rejection of Oklo Application Shows US is Miles Behind China in Advanced Nuclear Reactors, by Robert Bryce, published Jan. 31, 2022.

December 12, 2021

Advanced Nuclear Firsts

Oklo is very well-known within the Advanced Nuclear world as one of the leading ventures among those developing 4th Generation reactors. Oklo made history in 2020 with their submission and the NRCs acceptance of their combined license application for the stunning Aurora powerhouse design. Oklo was approved for a site use permit at the Idaho National Laboratory to build their first unit. They made further history when they secured approval to use nuclear waste as fuel from the DOE.

Meanwhile, Oklo has seen its profile raised, and that of its founders, Jake DeWitte and Caroline Cochran, two brilliant and charismatic young leaders, who have shaken things up in the industry by doing hard things not just in a smarter way and also in a bold way, revealing both keen business accumen but also a fresh new face for nuclear energy. (Full disclosure: both Rod and Valerie met Jake and Caroline many years ago, have followed their progress and remain connected, as Jake serves as an advisor to Nucleation Capital.)

Since Oklo succeeded in raising its seed round through Y Combinator and then a Series A from a group of venture investors, we have watched them develop along the  pathway followed by most all of Silicon Valley's rising tech ventures.  We've been duly impressed with their vision, the inspiring design of the Aurora powerhouse, their commitment to diversity and inclusion, as well as the playful and stylish brand that they've built for Oklo. Importantly, they keep showing up and sharing their time and energy with the broader climate and energy communities.

If you've been paying any attention at all, you are likely to have heard Caroline and/or Jake speak and present at a wide array of events, Clubhouse chats, Facebook events, TED talks, or speaking on CNBC or at nuclear industry events about their aspirations and the future of nuclear. They have worked hard to set the stage for the public to know about Oklo, be inspired by their vision, recognize how nuclear fits into a clean energy future and even follow their expert work defining new protocols for the NRC to build a foundation for Gen IV nuclear's success.

In this way, Oklo is redefining nuclear and is, itself, a “first of a kind” (FOAK) advanced nuclear venture that is on a trajectory to change the face of energy. Even before their first-of-a-kind 4th Gen application to the NRC gets approved—which could be as early as 2023—Oklo has broken barriers, set a high bar, and changed the face of the nuclear industry. Oklo's spare team has fulfilled many of the necessary steps towards the achievement of its ambitious plans, and, in the process, has attracted serious venture capital interest.

All of which has confirmed our excitement about investing in advanced nuclear ventures and the sector more broadly. If you are an accredited investor (an SEC requirement), you may express your interest in learning more by completing this form and we’ll send you more information.

August 5, 2021

Bitcoin partners with nuclear for clean power


Bitcoin, which already uses more energy than all of Argentina and which has been found by researchers to cause $.49 in environmental and health impacts for every $1.00 in mined value, is starting to figure out how to clean up their act. Several different mining operations are looking to partner with existing and newer sources of highly reliable nuclear power to ensure that mining operations don't have such a detrimental impact on the environment and human health.

TeraWulf, a bitcoin miner, is looking to partner with Talen Energy through a joint venture to secure as much as 300 MW of zero-carbon power from Talen's Susquehanna nuclear power station in Pennsylvania to use for bitcoin mining capacity. The current plan is for TeraWulf to site the Nautilus Cryptomine facility, a 180-MW bitcoin mining plant, next to Talen's two-unit Susquehanna nuclear station and to power it via a direct interconnection to Susquehanna that provides low-cost, reliable, zero-carbon electricity “behind the meter.” Such an arrangement will provide Nautilus Cryptomine with one of the lowest electricity costs among publicly traded bitcoin mining peers in the US.

Also, Ohio-based nuclear operator Energy Harbor signed a five-year partnership with Standard Power to provide electricity from its nuclear fleet to Standard Power’s new bitcoin blockchain mining centre in Coshocton, Ohio beginning in December 2021.

Finally, Silicon Valley nuclear startup Oklo announced recently it had signed a 20-year commercial partnership with Compass Mining to power bitcoin mining with advanced nuclear plants. Terms were not disclosed.

Read more at NucNet "Bitcoin / Joint Venture Will See US ‘Mining’ Facility Powered By Nuclear ," published August 5, 2021.

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