Oklo Inc. (OKLO) Is “Getting Interesting,” Commentator Says

Oklo Inc. (NYSE:OKLO), a developer of small nuclear reactors, and its peers, “are getting interesting,” said George Tsilis, Schwab Network’s Senior Contributor, recently.

President Donald Trump appears to be looking to boost the nuclear-power sector, while the space should benefit from increasing demand for electricity, said Tsilis.

An engineer conducting tests in a laboratory, looking closely at the latest nuclear fuel technology.

An economist who worked for CME Group in the past, Tsilis was also a financial advisor for BMO, a Canadian bank.

Oklo Inc. (NYSE:OKLO)’s Positive Catalysts

The Trump administration is using executive orders to boost the nuclear sector and may roll out subsidies to help the space, the contributor said.

Moreover,  Oklo Inc. (NYSE:OKLO)’s off-grid technology “makes sense” because it allows developers to bypass red tape and charge a relatively high price for electricity, he stated.

Generators of electricity that passes through the grid, on the other hand, have to obtain approvals from many government agencies, and their ability to raise prices is very limited, Tsilis noted.

Oklo Inc. (NYSE:OKLO) can bypass some of these obstacles while meeting the increased demand for electricity being created by the proliferation of data centers, he said

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Disclosure: None. This article is originally published at Insider Monkey.