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US picks potential partners for using Cold War-era plutonium as fuel | Reuters
Jacob DeWitte, Co-Founder and CEO of Oklo, speaks in the Oval Office as he attends the signing of an executive order by U.S. President Donald Trump, at the White House in Washington, D.C.,... Purchase Licensing Rights, opens new tab Read moreSummaryCompaniesOklo plans to partner with newcleo to develop plutonium fuelDemocratic lawmakers say plan poses nuclear proliferation risksEnergy department holds surplus plutonium in high-security sitesWASHINGTON, May 26 (Reuters) - The U.S. said on Tuesday it had chosen five companies, including Oklo (OKLO.N), opens new tab, to enter advanced talks over potentially using its Cold War-era plutonium as a nuclear reactor fuel.Reuters reported last year that the Trump administration plans to make about 20 metric tons of plutonium from dismantled nuclear warheads available to U.S. power companies. Sign up here.President Donald Trump last May ordered the halt of much of a program to dilute and dispose of surplus plutonium, and instead provide it as a fuel for advanced nuclear technologies.The Energy Department holds surplus U.S. plutonium, which has a half-life of 24,000 years and must be handled with protective gear, at heavily guarded weapons facilities in states including South Carolina, Texas and New Mexico.Oklo, whose stock price was up more than 5.5% to $69.51 per share, said it plans to develop the fuel with newcleo, a European company that aims to build high-tech nuclear reactors.The other companies are privately held Exodys Energy, SHINE Technologies, Standard Nuclear and Flibe Energy, the U.S. Energy Department said in a statement.Oklo said in a statement that newcleo would bring fuel experience and potential project capital, subject to agreements, approvals and U.S. security and safeguards requirements."This program creates a pathway to use existing surplus material as bridge fuel for advanced reactors to bring more reactors online sooner," said Oklo co-founder and CEO Jacob DeWitte. "Material that has been set aside for disposal can instead be converted into fuel to produce electricity."Stefano Buono, newcleo CEO and founder, said using the plutonium as fuel would reduce U.S. nuclear liabilities.Democratic lawmakers have urged Trump to cancel his surplus plutonium plan, saying it represents a proliferation risk and involves enough plutonium to make 2,000 atomic bombs.U.S. Energy Secretary Chris Wright was on Oklo's board of directors before joining Trump's cabinet.The department said the Surpl...
US Picks Potential Partners for Using Cold War-Era Plutonium as Fuel
US Picks Potential Partners for Using Cold War-Era Plutonium as Fuel By Timothy Gardner WASHINGTON, May 26 (Reuters) - The U.S. said on Tuesday it had chosen five companies, including ...
U.S. Aims to Give Cold War Plutonium to Start-Ups for Nuclear Fuel - The New York Times
On Tuesday, the Energy Department ... plutonium. That includes Oklo, a California-based nuclear power company, which plans to partner with Newcleo, a European developer of advanced nuclear reactors....
US picks potential partners for using Cold War-era plutonium as fuel ...
Trump gov’t plans to make about 20 metric tonnes of plutonium from dismantled nuclear warheads available to US power firmsThe United States government has chosen five companies, including nuclear energy company Oklo, to enter advanced talks over potentially using its Cold War-era plutonium as a nuclear reactor fuel.The US Department of Energy made the announcement on Tuesday.Recommended Stories list of 4 itemslist 1 of 4‘Leave Kyiv’: Why Russia’s latest Ukraine threat is a major escalationlist 2 of 4What has Pope Leo warned about AI – and why that’s significantlist 3 of 4World Cup broadcast hopes boosted in India as Zee Entertainment in talkslist 4 of 4White House proposes NDAs for all US federal workersend of listThe Energy Department holds surplus US plutonium, which has a half-life of 24,000 years and must be handled with protective gear, at heavily guarded weapons facilities in states including South Carolina, Texas and New Mexico.Oklo, whose stock price was up more than 5.5 percent to $69.51 per share, said it plans to develop the fuel with newcleo, a European company that aims to build high-tech nuclear reactors.The Reuters news agency reported last year that the administration of US President Donald Trump plans to make about 20 metric tonnes of plutonium from dismantled nuclear warheads available to US power companies.Last May, Trump ordered the halt of much of a programme to dilute and dispose of surplus plutonium, and instead provide it as a fuel for advanced nuclear technologies, a plan that some Democrats opposed.In a letter in September, Senator Edward Markey of Massachusetts and Representatives Don Beyer of Virginia and John Garamendi of California said that 20 metric tonnes of weapons-usable plutonium was enough for approximately 2,000 nuclear bombs. Such a move “raises serious weapons proliferation concerns, makes little economic sense, and may adversely affect the nation’s defense posture”, they wrote, asking the agency to cancel the plan.The other companies selected are privately held Exodys Energy, SHINE Technologies, Standard Nuclear and Flibe Energy, the US Energy Department said in a statement.Oklo said in a statement that newcleo would bring fuel experience and potential project capital, subject to agreements, approvals and US security and safeguards requirements.“This program creates a pathway to use existing surplus material as bridge fuel for advanced reactors to bring more reactors online sooner,” said Oklo cofounder and CEO Jacob...
