Nuclear technology company Oklo has partnered with Korea Hydro & Nuclear Power (KHNP) to collaborate on developing and globally deploying Oklo’s planned Aurora powerhouse technology. (Source: Shutterstock)
Nuclear technology company Oklo has partnered with Korea Hydro & Nuclear Power (KHNP) to collaborate on developing and globally deploying Oklo’s planned Aurora powerhouse technology.
The California-headquartered company announced the memorandum of understanding on May 27. As part of the agreement, the two companies plan to cooperate on early-stage project development efforts that include manufacturability assessments and planning of major equipment, supply chain development for balance of plant systems and constructability assessments and planning, Oklo said in a news release. Oklo specializes in small modular reactors.
“Partnering with KHNP, one of the most accomplished nuclear builders in the world, who have been building nuclear power plants continuously since 1971, offers meaningful opportunities to align on key execution factors such as manufacturability, constructability and supply chain development,” said Oklo CEO Jacob DeWitte. “Their experience in delivering projects at scale can complement our efforts and help us move more efficiently toward commercialization and the ability to build future powerhouses faster.”
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The company said its Aurora powerhouse can produce up to 75 megawatt equivalents of electrical power. The reactor, which converts used nuclear fuel into energy, will be deployed at the Idaho National Laboratory. It is currently advancing through the licensing process.
Oklo recently completed site characterization borehole drilling for its first commercial powerhouse and is preparing for construction, DeWitte said, adding commercialization is a top priority.
The company’s order pipeline already exceeds 14 gigawatts.
KHNP is also developing domestic advanced nuclear technology, the i-SMR, according to KHNP CEO Whang Ju-ho.
“In addition to enhancing safety, successful entry into the advanced nuclear market requires cooperation with leading technology firms,” said Ju-ho. “By combining the strengths of KHNP and Oklo, we expect to create strong synergy in the design, construction and operation of advanced nuclear technology.”
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