Bloomberg reports that reactor developers Oklo and X-energy are joining a $200 million Trump administration-led program designed to speed new nuclear power plants for artificial intelligence data centers.
Details could be announced Wednesday at a Department of Energy AI energy summit. Microsoft and Nvidia are also involved in the previously announced initiative, while several DOE national laboratories and the University of Texas at Austin are slated to share $60 million over three years, according to a document seen by Bloomberg.
“Among the goals of the latest initiative are steep reductions in time needed to design, license and build new plants, as well as cuts in the number of staff needed to run them”
X-energy jumped as much as 12% after hours, while Oklo gained as much as 9.9%.
The program reportedly targets steep reductions in the time and workforce required to design, license, build and operate reactors. It would join a rapidly expanding federal nuclear support stack:
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Westinghouse fleet program: At least $80 billion of aggregate project value for new AP1000 reactors, with the government arranging financing and facilitating approvals.
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US-Japan partnership: READ MORE AT SOURCE »
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