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  "docSlug": "7c592f478795",
  "documentTitle": "Oklo Inc. (OKLO)",
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  "authorName": "Kerrisdale Capital",
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  "presentationDate": "2024-11-01 00:00:00",
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  "notes": "Uses a visual comparison of a single large reactor vs. ten small reactors to illustrate the inefficiency of Oklo's current design path.",
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      "text": "Oklo appears to be shifting focus to meeting demand for a 50 MWe reactor (coincidentally, the same output NuScale found to be inefficient 4 years ago and later scaled to 77 MWe).",
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      "text": "The most recent attempt at a commercial SMR deployment project in the US suffered significant cost escalation which doomed the venture. The Utah Associated Municipal Power Systems’ Carbon Free Power Project initially involved 12 NuScale reactor modules...",
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      "text": "We believe investors in Oklo would be foolish to assume its Aurora powerhouse, with even less design maturity than NuScale and also years away from NRC approval, does not see its cost estimates rise in a comparable manner.",
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      "text": "Source: Oklo 2Q24 investor presentation.",
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      "kind": "title",
      "text": "Ten 50 MW Reactors – No Longer So “Strategically Small” and Simple",
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