"On Friday, shares of ( ( OkloNYSE:OKLO) and NuScale PowerNYSE:SMR) blasted over 20% higher, electrified by the U.S.-U.K. Atlantic Partnership for Advanced Nuclear Energy, signed ahead of President Trump's recent London visit. This game-changing deal aligns the U.S. Nuclear Regulatory Commission with the U.K.'s regulator, reducing SMR licensing timelines from about three to four years to roughly two years. U.S. Energy Secretary Chris Wright - a former fossil fuels executive - called it a "nuclear renaissance""
"Oklo is a Santa Clara startup founded in 2013 by MIT alumni Jacob and Caroline DeWitte that is redefining nuclear power with its Aurora microreactors. These 15 to 50 megawatt electrical (MWe) fast-fission units - that are scalable to 100 MWe - run on recycled nuclear waste, offering meltdown-proof safety, passive cooling, and a 10-year fuel cycle."
The U.S.-U.K. Atlantic Partnership for Advanced Nuclear Energy aligns regulators to shorten SMR licensing from about three-to-four years to roughly two years. U.S. Energy Secretary Chris Wright described the move as a "nuclear renaissance" and plans similar pacts with Poland, Romania, and others to power AI data centers and eliminate reliance on Russian nuclear material by 2028. The deal unlocks significant funding for SMR projects, including planned U.K. data centers. Oklo and NuScale shares surged sharply, with Oklo up 537% year-to-date and NuScale up 160% in 2025. Oklo's Aurora microreactors target off-grid customers with passive cooling, recycled-waste fuel cycles, and long-term power contracts, and a 2027 Idaho debut is planned.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]