Get the latest tech news
Trump’s pro-fracking energy secretary pick has also invested in geothermal and nuclear startups
Chris Wright has been a big booster of oil and gas, but he's also no stranger to climate tech.
Oklo went public via SPAC in 2023, and while it’s had trouble getting its reactor designs certified by the Nuclear Regulatory Commission, its share price has doubled in the last month as investors have ridden the energy-for-datacenters wave. While most earlier stage startups wouldn’t be directly affected by any change in the LPO, debt offered through the program is something like a light at the end of the tunnel, providing helpful support as they go to raise from private lenders to deploy their technologies at commercial scale. The LPO currently holds about $35 billion in its portfolio, most of which fall under the climate tech umbrella, including utility-scale solar projects, wind farms, and carbon capture installations.
Or read this on TechCrunch
