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  "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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      "text": "Oklo is quick to tout in investor presentations the “inherent” safety of its liquid sodium-cooled design, and it is true the technology possesses certain safety advantages, particularly in avoiding a meltdown. Sodium’s boiling point is higher than the reactor temperature, meaning the coolant cannot boil or vaporize and the system does not need to be pressurized. What Oklo neglects to mention is sodium reacts violently with water and burns if exposed to air, resulting in different but still complex safety, maintenance, and reliability issues.",
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      "text": "Oklo is quick to tout in investor presentations the “inherent” safety of its liquid sodium-cooled design... What Oklo neglects to mention is sodium reacts violently with water and burns if exposed to air.",
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      "text": "Our estimates of substantially higher overnight capital costs are still likely too low. $7,000 / kW for a 50 MWe Aurora powerhouse would still be less than the observed project costs for NuScale and X-energy as shown earlier in the report.",
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      "text": "Sodium is a very difficult material to work with, it interacts badly with water. Around the world there have been leaks and fires and it has cost a lot of money to repair them. There is no reason to expect Oklo to be any different.",
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      "text": "[Sodium-cooled reactors] are expensive to build, susceptible to prolonged shutdown as a result of even minor malfunctions, and difficult and time-consuming to repair.",
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      "text": "Looking at this list of 23 versions of the sodium-cooled fast reactor... every single one of them have problems that were encountered... liquid sodium, is highly reactive with air and water, it basically explodes and catches fire.",
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      "text": "“Sodium is a very difficult material to work with, it interacts badly with water. Around the world there have been leaks and fires and it has cost a lot of money to repair them. There is no reason to expect Oklo to be any different.” — Professor and nuclear physicist, engaged in nuclear energy research for over two decades; “Looking at this list of 23 versions of the sodium-cooled fast reactor by the US, France, India, Japan, Russia, the UK, Germany, and China… and every single one of them have problems that were encountered. Some of them have multiple problems, serious problems. The problem, in part, is that the coolant, liquid sodium, is highly reactive with air and water, it basically explodes and catches fire. It’s very corrosive so it often leaks and that will of course shut your reactor down, and then it takes a while to get it back up and running – so that’s a very common problem.” — Former NRC Commissioner; “[Sodium-cooled reactors] are expensive to build, susceptible to prolonged shutdown as a result of even minor malfunctions, and difficult and time-consuming to repair.” — Admiral Hyman Rickover, US Navy",
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      "kind": "title",
      "text": "Liquid Sodium-Cooled Fast Reactors Have Serious Reliability Problems",
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