Mentioned:
Oklo wants to be on the leading edge of nuclear technology in America. Which is exactly why they’re buying a precision manufacturing company.
What’s happening:
- Oklo (NYSE: OKLO) has acquired Oak Ridge, Tennessee based precision manufacturing company ARMEC
Why it matters:
- Oklo has publicly stated their acquisition of ARMEC will enable them to accelerate their manufacturing for small modular reactors as well as new research and development for nuclear fuel programs
Going deeper:
- ARMEC has two decades of operational experience and has successfully completed prototyping, fabrication and mechanical engineering projects for companies across nuclear energy, aerospace and defense
- Oklo also recently made major waves on Wall Street when they formed a new collaboration with Nvidia (NASDAQ: NVDA) and Los Alamos National Laboratory to leverage artificial intelligence enabled research for new breakthroughs in nuclear fuel
The fine print:
- The financial terms of Oklo’s purchase of ARMEC have not yet been publicly disclosed
