American shale companies are eyeing the benefits of small nuclear reactors to power their Permian Basin drilling campaigns in order to reduce carbon emissions in a reliable and sustainable manner
, Bloomberg reported on Monday. Among those eyeing small nuclear reactors is the largest independent producer in the region, Diamondback Energy Inc, which Bloomberg reports has already signed a letter of intent for a supply of next-generation nuclear reactors. The letter of intent was with Oklo Inc, whose CEO, Jacob Dewitte, reportedly told Bloomberg that the company was holding discussions with other oil producers, as well.
“Small nuclear reactors could make sense as a low-cost, low-carbon, high-reliability alternative energy source for a company like Diamondback whose energy needs continue to increase,” Van’t Hof told Bloomberg in an email interview. The local grid will have to suffice for some time, however, as the next generation of small nuclear reactor technology is still in commercial development and years away from deploying commercially.
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