times and there amount around there, And is company raised I was opportunity technology significant and thank excited share some born Mexico. for that history up Oklo, advanced out fell introduction of quarterly bit background where born I joining raised you us little of to a I was view over provide largely progress the today. and and insights in fact grew the quarter. nuclear felt love update it I'm nuclear The produce from been New that's with point. is it's and force accordingly. we've and the way hydrocarbon By was a in all energy harness XX real. born our years into made Sam, the is past of oxidation It's with an Thanks, split me. was the for and been fiction, like always a that of to more and It the technology.
Personally, and very something crazy It real it's us strong than actually this it but with real. you still reaction XX atom million age. and that over can it technology, is it in but at science conventional me. young was take a This from crazy and to today,
technology. and nuclear. case. the areas weapons from I So I it, story. technologies, into the I set I knew what, of conventional it started I as part got a high some path, a of what reactor in a side fuel research reactors next-generation into reactor be, the as of got of to hired I licensing on and In learn a well thought When And was it on different picture growth as nuclear going see to and to the I springboard these we're had to light academic facets wanted a into age, experiences of got the I unique R&D and to point. on commercial work school, number from water reactors.
Along advanced as enrichment academic government which to I was from there, of new R&D chance around ushered for from touching side, only well a a that of that went be industry, to new design chance young and was -- large projects But about clear the to program, the this lot procurement
things space. new needing do more some much was to it fact, fundamentally In to in the oriented
to rethink there was how I it new approached And things you of did market. approach how in was things. stagnated What radically about and opportunity could observed to had fairly that nuclear a an taking industry technologies ton
centering co-founder about ultimately and and my I in led company were start a major think Caroline significant to that pillars to X really that around changes important first, size So business catalyzing on and centered third, we around taking, different saw around second, around technology. approach different reactor; a a the different the industry.
Those of approach a approach the opportunities the and model;
are So from on really speaking, the for across to done, model quickly, industry. how those done is things first, things point business This a kind have of us differentiation really pick at important the been side. and generally
the so the reactor completion, going highly wanted then nuclear that has to XX% really plant a baton, involved a fight to the to and that plant. design and permit about maybe XX% attribute found and that off That to your then the to puts own business to designing customers, power power to something nuclear design it, complete all perspective, it, between design, people then asking frictional then the trying Typically, build the license completion, or model, designing and them to XX% to process.
We a to take out it, from it affords. reactor the operate on customers, burden the it's wonderful to and of
take approach. So to a we different decided
on, long ultimately really In to what follow had led was design, operate renewables it how it could words, early buy a what we -- make to that and the plant very just the and a into ourselves for build done so an And sell purchase built view power about opportunity time, that's what power wanted? people through we of what which So question, then easier well us easier technology? on like for the to make they they people asking buy other would for nuclear agreements.
the benefit important customer growing. because see and customer and perhaps reflected most what And has customers we book that interest that's with grown how in want, our aligned it's thing. order significant has is That
benefits revenue this also with recurring Additionally, come of that we significant reflected the see the to kind in model. company
to of evolve. those significantly us as and ultimately needs are the about we nuclear things so how And enabling to accelerative think future
as at like have a on could ranges we reasonably grow didn't and of to as the take few Additionally, reasonable to different start or could megawatts service that size market today's so plants. we hundred like size wanted to a hundred we gigawatts a that could small angle wanted want technology even bigger we into. start size. Instead, We
So toy like like market or kind niche not of kilowatts large so small it. few a enough so, you that system that into big so hundred a service it's actually a or and grow but could
change at plant a dollars. million from only XX few a found capitalize and paradigm needing and that's us operational, the we billions spot allowed of to needing to dollars So hundred the to about it sweet get megawatts,
you market.
And finally, approach from we see technologies the to paradigm best-in-class took perspective. how potential of economic take new pursuing what So that's the allowed technological us to we significantly change a a to as
fast huge with liquid the use sodium rich we're of amount means on as Specifically, potential called technology reactor history liquid technology. that the coolant. of behind We has working a we it's what's That a because a do sodium-cooled development that really us.
from than Flux this what ultimately the As pathway know a society, around pursued X reduction we demonstrating time, XX amazing an plants. the of at features perspective light we in gained inherent built about We've ability demonstrating most At reactor it without benefits. and to operates these was recycle had and plant, high Idaho lineage plant water developing being well to We a as in the fuel.
Altogether, design are X as passive technology that doesn't just for a operating in simplification world. also of can this temporary sodium Test characteristics, XX into more the legacy that we which how the the a significant like Facility EBR-II because at learned to was directly years while its and combined therefore, Oklo, these over of commercial pressurized. temperatures grid, power and, enabling afford we've work, plant Washington safety it plant the years, from the operational our cost our we alloys. meaningful ability on mature we the supply notably regulatory compatible It U.S., ultimately plant fast the of behind ultimately technology and in Not has operated XXX commission It's to has take there, are had us existing in technology reactors. superior the eyes. best-of-breed ran XX-megawatt that market.
In the that's what the it, building works, and so have ways, fast leverage value experience EBR-II. potential and called a nuclear Fast with reactor One other sodium called to and We've into plants experience. in was common build chains. demonstrated technology State under sold base tap to only economic And allows
long progress the at the We and by a peers by sodium reactor and reactors, fast of are maturity size. and of fast The all made them, progress sight sodium evaluate that behind have in line has sodium technology gives for this like review developing us, us who's TerraPower pretty but space developing larger how a a technology reactor also it. can history fast development clear technologies, NRC it made
States first reactors do is is advanced They're usable A IV reactor to up. going fun about reactors milestones. the little in the be often one the or reality Gen people of was It EBR-II, in electric electricity EBR-I. metal-cooled it back first a earlier that power United reactor usable the produced was named produced and liquid predecessor talk that's fact most coming The to actually some XXXX. first fast milestone
the on shoulders of at the us So technology developed very now the legacy to on it the and to where forward. up that this who this we build can of move we're Oklo, technology giants stand came before ultimately, excited spot
of or today. specifically, scale that our and Aurora is XX-megawatt XXX-megawatt product So XX- we we're developing. larger evaluating also And as to product the this offering designed what offerings we're offering implementing a to we're Aurora. and to refer line The
The packaging. core and They the types developing where very and fuel and focus technology we heat. size sizes on is plants. basically interest look And customer do that's cooling They because is share of demand X slightly been different make these the And start.
This this at a we've to to XX- focused us XX-megawatt types, been. being point materials way just has and same the and to similar. points led responsive that to business
So the coolant. it's structure, but and atom, just the convectively producing by you're then when you split heat, removed then through ultimately through fuel, an conducts the
then boil use move way we the to coolant up fuel that ultimately water. as from So sodium the to
for service heat operate this heat which product of the are the range, use which we processes. available allows also us can vast in a door often heat temperature directly, markets opens that industrial You majority today. And to
our points absorption and about Technologies data the in It chilling system. of scaling market, some has thermal-driven centers. connection data for excited that pretty promise, center which, technology with technology, has especially also interesting cooling But funny. in upside like cooling significant has can a sense, for a some advanced lot integrate how we're
use to supply Aurora the are and us chains. labor these develop and benefits way a We take of designed sodium design powerhouses operate from gives to the in maximize ability nonnuclear materials, of because advantage to temperatures technology high without are similar as at that being XXXL, parts food like compatible as alloys beverage stainless It's such or other identical and available with commonly and available XXXL or in in gas chemical. industries, steel and alloys, components oil factors or such form pressurized. this to
can one nonnuclear value so offer tap that potential. that's we're enhances to of operate supply the we allows scalability because supply of at existing lower at and volumes supply higher much leverage ability approach and to The significantly technology, cost. great is systems. to options That's deliver the chains which chain existing economic reasons ultimately about into our components utilize This excited chain, economic come these then diverse us and more
while energy a leveraging quite that Aurora of platform if density a benefits. fission, nuclear immense It appeal that environmental of has technology benefits on has from have has bit used a By you offering focus to like, functional We that a something big Oklo's wanted creates also perspective. to favorable different looking what that something focus and than looks pretty constructability will, powerhouses was the ours. aesthetic been
benefits, unprecedented support those government. the levels of nuclear receiving all of is because from sector So
builds the federal ADVANCE and exciting This and seen at but pretty a an the a this some of on Act, support years quarter including state of international significant level. developments, signing has
the favor support is last towards the of This few benefits, piece the of also has just happened the legislation in within for and for was nuclear, signing One from advancing legislatively, frankly, And passage a that months. in and that few of big one ADVANCE decades technology. and Act. support the last the administration been drives Congress significant this that propelling of clearly of nuclear biggest
going forward.
Oklo can and positions to do does, talk the technologies Commission excited early the benefit to well enhancing scale the lines extensive models, demand find technology.
There's and able creating deployment scaling most one as industry basically well ourselves To also support we as structures. mover but forward and indicators of this we're or successful legislative accelerated the regulatory regulatory we the forward and we with Act enhance forward be and the Accordingly, about review of very bring what and time will includes the with major nuclear, support several as do Regulatory modernizing NRC of actually ADVANCE policy and continue towards so, about what demand the NRC positioned and signals histories the It this efficient as lot driving levels from aligning quite more speed opportunities well the is developments of NRC. to as new deployment engagement to mission deployment to Nuclear an supports nuclear more a government side. drive to licensing
We've licensing do been path pre-application build, the readiness and reactor thereafter.
Oklo's longest-engaged in work model them to feature and allows as enables advantage does as dating next from an streamlined model water to later approach application commercial licensing our all early integrated pathway one are and into for business own taking a in that several XXXX. there ourselves is had followed us operating year, back starting otherwise. non-light year, submitting integrated subsequent the bit the NRC, of An assessment our positioning in business to to the with that's need a by of along we to the regulatory well step. milestones what applications back this company do operate industry significant the spanning licensing different next important get a plan our license do with We've to
a get lot a and that, you construction After steps our plant, are commercially get they In other they the and permit. which operating After plant. operating can peers the they to need, words, license, can a license. ultimately what you take of operating taking an to operate to license, then apply a can of where the get go build apply go some they which, commercial is and if get process then
that certification a Others after designing to instead working taking then that, potential a customers of being with get similar something who then are plant go operating actual the license and design out approach they're standard get or an to owner-operator, design then a need the to their through where, to like the commercial approval, themselves. process going licensing
of get still that So has not their reactor to you license. a to company a design go to Because piece a design operating that's means get get certification. need it's license. a commercial commercial needed if customers a what And a ultimately only commercial even have license
application get approval, submitting So do the license. your an regulatory but ultimately you're step certification design to is asking to customers towards not that a that it's
that. doing just license off the not the largely is combined these on of we're because This design. We're sell approach. to model of designs do don't trying go owning or We side. We're plants. the we any what us, just to business For the license straight
that for they was means that's this the to into So in were the you an that license reference then more rapidly the repeatability becomes your that license a your follow-on that things because That only Then benefits and and license allows allowing operate licenses. your subsequent additional application. becomes in reference license subsequent license.
In combined the becomes thereafter build developing terms of manner. plants pursue that submit frameworks you framework licensed license us license. our has What reducing that have go important been lines plant. first on benefits reviews first subsequently focusing terms, applications a ability combined and you reference efficient for when the are your every to expedited benefits developed significant after plans. other past get these your means process us license you've the plants, also plant, in subsequent really licensing the changed is from regulatory becomes scale your subsequent to stage That those license, one-step sets time subsequent into and to review have and this licensing us us of which That while thing on then and accelerating then straight allows.
One reference combined
across to of benefits there's long needs customer it to seeing So about and in we're technology. offerings. deployments. on What's to wanted known a this the in using bunch product great aforementioned based side, includes design a our on a we design have for is to We've meet spans as reactor size customer the also start have benefit could this the to small to that megawatt the we pathway sizes one-size-fits-all map market, markets spanning that the positions then not Instead, what road us but according X of as different these space. scale same gigawatt-scale
offering developing currently These footprint. a from and plant So very a also well. technologies XXX- just XX-megawatt all as and are XX-megawatt scale we similar-looking as bigger we XXX-megawatt a are are physical up, plant slightly but to a
The based that's with to owning selling direct around great XX-megawatt on business in and the a We our customers these is, to and the size opportunities to seen these is targeting what be power operating service model plants start range our large which XX- customers, these really and and markets, to the feedback some especially designing numbers of to customers. are ranges from are meet because we've their very needs. in
vast facilities see different around entry of these large point they're are opportunity once when good together. can majority is So a these very making the something front providing a and meets words, are ramping up, about in projects talking something is process.
And of that not data us. kind when to That growth market to that which, larger-scale are means or is at the power generation offer data centers the are aggregate to a to high power the they n-plus-one about AI-purpose need them up multi-gigawatt as you're of it too, talk high reality, they so And always it. less directly have those they that reliability. at, all through a that energy need or grow have need when and phased users, have they quite projects they to needs Instead, The these of the opportunities, it. in when and they number scale. these they how a while offers It's ability centers, markets, their that sizes more to we around also at into we was other be need deployed get large especially development availability footprint that confident on, a numbers it X-gigawatt being energy
you going us grow therefore, customer but words, power goes In more thing up with they to also which exciting other you're as it as is for and to need with them it, energy our build do really positioned us overall a and, allows your uniquely We're needs out their forward. they size. more to capacity customers, given ramp footprint meet that as build their
in them. do can full our going providing to for The that for some grow the to build too their offline in or reactor also need freight we of on important are way That in means a way this, to take that's customers standby building we while to while attractive not every our match we're we a that at when and an them our service too, it. deliver solution customers a have book end demand so the one economically power once more large because Because this and to so. as they is their refuel thing up day, them of phased about can order do plants they time, power emphasize that extra just where is
our that really is n-plus-one the sweet well that customers in the and our spot very requirement both have. size data that growth center with matches So
Those in data often data most block of to look halls halls, data an We're built the ultimate is with And are to their us dive fill that We're that like megawatts finding number our consume one the as of and needs really data fashion learning that things out them. data energy halls data center stood bit like. center facility center finding and are out or or maybe XX that a kind a side, planned deeper made up whatever on we planned to building to of out campus customers campus. is about to XX of being potential between engagement the today each. are call of what
different those of each that opportunity there's are. upside approaches. has architectures we're and significant company a So But data different amount and around halls a seeing where
also We power the between some and XX development that's smaller size, on XX see chunks megawatts.
of day, a end of range gives power us So that at the levels. market the the really different a in service to position good
So with in and very industrial summary, when our we're markets project about well size matching see data developing. we markets center other we do think opportunities, how and our
high As even the conversations project-by-project needed based customers, or at on have on of we they're looking XX-megawatt chunks power. data typically see XX- ranges market project basis, site-by-site while power that XX- today, or we sort partners a our phased and between the of at look also XX- with power or that needing and needing center development we and the of between reliability
would have build them quite we're ability your significantly up. to if to really Our the a you positions and overbuild This to let's scale facility. to an power with one plant provide to in for build than well go all That's positioned n-plus-X hard capacity. dynamic because were differently say, offer to been you means us
that a project, while XX also with lot you an XX-megawatt that XX-megawatt for plus n build n-plus-X plants offer would of provide power. offering XXX-megawatt the then so of this XX, same XXX-megawatt project, to capacity. projects, amount in if plant, reliability X stranded a total, illustration, be to X, XXX-megawatt a So additional could to we had Whereas build
a going need customers out, they and might or build going time, of more probably be are or They're to as megawatts over all at once. years. ramp-up it X time X that Additionally, XXX need to at
they reactor XXX and XXX meet than total because project, great in then needing gives have and customer XX forward. as benefit the to us might scale the megawatts components can a capacity ordering and volume plant XXX-megawatt economics we very that up. different So parts stranded lot start that and dynamics up one built match of while with would them. purposely the to then one that's you building build plant just that in That by fill that.
And accordingly. demand, then reactor they for XXX you of Well, some if also fill your That and of of the to challenges ramp
really see data So well and as well we development our other where moving works center other model as match to users. power users industrial
Craig? going talk to that, and about you Craig, who's ahead CFO, to business over hand with model. it go take off I'll our to and our So
