Oklo, a developer of advanced nuclear reactors, has been selected by the U.S. Department of Energy for negotiations under the Surplus Plutonium Utilization Program, which converts surplus plutonium into reactor fuel. This partnership, along with a potential $2 billion capital infusion from European developer newcleo, addresses critical fuel supply constraints and accelerates Oklo's reactor development. The company recently received regulatory approval for its Aurora reactor design and has a growing customer pipeline including Meta Platforms and Switch. Despite no commercial revenue yet and widening losses, Oklo holds strong cash reserves and targets first commercial power by late 2027 to early 2028. Upcoming milestones include a July criticality test and a regulatory filing decision, which will be key for its commercialization progress.
Oklo's shares jumped 7% after the US Department of Energy selected the company for advanced talks under the Surplus Plutonium Utilization Program. This federal initiative aims to convert surplus plutonium into fuel for advanced nuclear reactors, supp...
Oklo, an advanced nuclear start-up, saw its stock surge after being selected to join a US federal initiative that repurposes excess plutonium from the Cold War era into nuclear reactor fuel. This move highlights a novel approach to managing nuclear m...
Recent advances in the nuclear sector include positive environmental assessments and regulatory approvals for advanced reactor projects by X-energy, Oklo, and Terrestrial Energy. X-energy and Dow received a green light from the NRC for their Texas re...
