In an interview with CNBC in July, Altman said that he didn't see a way to stop using fossil fuels without nuclear energy.
This has resulted in intense investor demand for nuclear startups, which have raised $1.7 billion in the first half of the year and look set to exceed 2022's $2.35 billion haul, according to PitchBook data. This has earned it a place on the Intergovernmental Panel on Climate Change's four net-zero pathways, while Russia's invasion of Ukraine, which put energy security high on the international agenda, also accelerated a nuclear renaissance.
#Nuclear fusion vs fission reactor free
Nuclear is often touted as a way to decarbonize the energy system, thanks to its ability to produce energy free of greenhouse gas emissions 24 hours a day. "A nuclear company going public is a clear signal to the market that nuclear energy can be an energy resource for everyone it is not simply the preserve of governments developing and financing the mega-projects, which have been the status quo until very recently," Matthew Honeyben, a partner at law firm CMS who focuses on energy and climate, told Insider. The OpenAI CEO plans to list Oklo through a merger with a special purpose acquisition company (SPAC) in a deal that could value the startup at around $850 million.Īltman, who has led Oklo's board since 2015, has insisted that nuclear will be integral to the intense energy demands required to power the AI revolution he expedited through the launch of ChatGPT last year. The public debut of Oklo, a nuclear startup chaired by Sam Altman, could be a watershed moment for the power source, industry experts say. The Oklo SPAC deal will mark a watershed moment for the energy source, industry experts told Insider.Altman insists nuclear is crucial to meeting the intense energy needs AI will demand.
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