Oklo's CEO Says Used Nuclear Fuel in the U.S. Is Worth More Than Saudi Arabia's Oil Reserves. Here's His Case.
Oklo says U.S. used nuclear fuel holds massive untapped energy. Here's the plan, the support for the claim, and the biggest risks.
Overview
For decades, the U.S. has treated spent nuclear fuel as one of the biggest environmental problems left behind by nuclear power, with roughly 94,000 metric tons of spent fuel stored in facilities across the country. And while the materials are safely contained, some of the isotopes in this spent fuel have a half-life of nearly 25,000 years -- so yes, they're dangerous, and an enormous liability.
But Oklo (NYSE: OKLO) is proposing something audacious. The company argues that all that fuel sitting in storage still contains enormous amounts of usable energy. And you know what? The science -- and more importantly, the regulators -- support the premise.
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Originally published at www.fool.com.