**Key Developments in the Nuclear Sector:**
Oklo, a pre-revenue small modular reactor developer, has acquired Atomic Alchemy to enhance capabilities beyond selling SMRs. The company has a planned 1.2-gigawatt system in partnership with Meta Platforms in Ohio and awaits approval from the Nuclear Regulatory Commission for its technology. Oklo’s stock has dropped over 35% in the past year, with revenue projections expected around 2027 or 2028.
Cameco, the second-largest uranium miner globally, supplies 230 million pounds of uranium under long-term contracts through 2030 and plays a crucial role in the nuclear industry’s resurgence. However, despite its strong fundamentals, the company recently missed earnings expectations. Constellation Energy, the largest U.S. nuclear operator, recently acquired Calpine for $26.6 billion, expanding its capacity to approximately 55 gigawatts, addressing the growing power demand fueled by AI and data centers.
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