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Who’s powering next-gen nuclear energy: AI boom drives hybrid financing wave

But scaling such technologies will hinge on the ability to bring in banks and institutional investors

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Janice Lim

Janice Lim

Published Tue, May 26, 2026 · 01:00 PM
    • While solar and wind are the most mature and commercially viable clean energy sources, they are intermittent sources of power. 
    • While solar and wind are the most mature and commercially viable clean energy sources, they are intermittent sources of power.  PHOTO REUTERS

    [SINGAPORE] Before Oklo went public through a special purpose acquisition company merger in May 2024, the startup had little more than a design for an advanced nuclear fission reactor.

    It had no operating reactor, no revenue, and had yet to secure regulatory approval to build a commercial unit.

    Backed by Sam Altman – whose company OpenAI created the artificial intelligence chatbot ChatGPT – Oklo was valued at about US$850 million ahead of its listing, delivering substantial gains for early investors.

    NuclearNuclear fusionenergy transitionclean energyESGsustainable financesustainable investing

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