Articles from Oklo Inc.

Oklo Inc. (NYSEOKLO) (“Oklo” or the “Company”), an advanced nuclear technology company, and Switch, a premier provider of AI, cloud and enterprise data centers, have signed a non-binding Master Power Agreement (“Master Agreement”) to deploy 12 gigawatts of Oklo Aurora powerhouse projects through 2044. This is one of the largest corporate clean power agreements ever signed. The Master Agreement establishes a framework for collaboration, with the expectation that individual binding agreements will be finalized as project milestones are reached.

Oklo Inc. (NYSEOKLO), an advanced nuclear technology company, announced today that Atomic Alchemy Inc. (Atomic Alchemy), which Oklo has proposed to acquire through an all-stock transaction, has signed a Memorandum of Understanding (MOU) with Zeno Power Systems, Inc. (Zeno Power), a leading developer of commercial Radioisotope Power Systems (RPSs). Zeno Power’s innovative power systems convert heat from radioisotopes into a reliable and consistent supply of clean energy for commercial and government customers in critical environments across space and terrestrial markets.

Oklo Inc. (NYSEOKLO) (“Oklo” or “the Company”), an advanced fission power technology and nuclear fuel recycling company, today published its financial results and business update for the third quarter ended September 30, 2024.

Oklo Inc. (NYSEOKLO) (“Oklo”), an advanced nuclear technology company, today announced it has signed a letter of intent to acquire Atomic Alchemy Inc. (“Atomic Alchemy”), a U.S.-based company specializing in the production of radioisotopes. Oklo’s fast reactor and fuel recycling technologies produce valuable coproducts, such as radioisotopes, through their respective processes. The proposed acquisition builds upon the strategic partnership announced between Oklo and Atomic Alchemy earlier this year, demonstrating the opportunity to combine Oklo’s power generation and fuel recycling capabilities with Atomic Alchemy’s radioisotope production expertise to accelerate fuel production for Oklo’s powerhouses, and to create new revenue streams from radioisotopes.

Oklo Inc. (NYSEOKLO) ("Oklo"), an advanced fission power and nuclear fuel recycling company, has received Letters of Intent (LOIs) and is partnering with two major data center providers to deliver up to 750 megawatts (MW) of low carbon power for data centers across the U.S. These commitments expand Oklo’s customer pipeline to approximately 2,100 MW, underscoring the demand for Oklo’s dedicated clean energy solutions.

Oklo Inc. (NYSEOKLO) ("Oklo"), an advanced fission power and nuclear fuel recycling company, announced today that the U.S. Department of Energy (DOE) and the Idaho National Laboratory (INL) have completed the environmental compliance process addressing the DOE requirements for site characterization at Oklo’s first commercial advanced fission power plant site at INL.

Oklo Inc. (NYSEOKLO) (“Oklo” or “the Company”), an advanced fission power technology and nuclear fuel recycling company, today announced it will release its financial results and provide business updates for the third quarter ended September 30, 2024 after market close on Thursday, November 14, 2024, followed by a conference call at 4:30 pm ET.

Oklo Inc. (NYSEOKLO) (“Oklo”), an advanced fission power technology and nuclear fuel recycling company, today announced that the U.S. Department of Energy (DOE) has approved the Conceptual Safety Design Report (CSDR) for the Aurora Fuel Fabrication Facility at Idaho National Laboratory (INL). This approval is a key milestone as Oklo advances toward its goal of utilizing recovered nuclear material to fuel its first commercial Aurora powerhouse.

Oklo Inc. (NYSEOKLO) (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, today announced the finalization of a Memorandum of Agreement (MOA) with the U.S. Department of Energy (DOE) Idaho Operations Office. This MOA grants Oklo access to conduct site investigations at its preferred site in Idaho, marking a key step toward the next phase of site preparation and construction.

Oklo Inc. (NYSEOKLO) (“Oklo” or “the Company”), a fast fission clean power technology and nuclear fuel recycling company, today published its earnings and business update for the second quarter ending June 30, 2024.

Oklo Inc. (NYSEOKLO) (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, today announced a key strategic development in its supply chain management by signing a Preferred Supplier Agreement with Siemens Energy for the power conversion system of the Aurora powerhouse. This agreement underscores Oklo’s ambitions to bring cost-efficient advanced fission technology to market. Building on a previously signed Memorandum of Understanding, this binding agreement marks a crucial step in Oklo's vision to enhance production scalability, cost efficiency, and rapid deployment to meet growing customer demand.

Oklo Inc. (NYSEOKLO) (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, today announced it will host a conference call to discuss its second quarter 2024 earnings and business updates. The conference call will occur at 5:00 p.m. Eastern Time on Tuesday, August 13, 2024. Following the call and after the market closes on the same day, Oklo will release its second quarter 2024 financial results.

Oklo Inc. (NYSEOKLO) (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, announced the successful completion of the first end-to-end demonstration of the key stages of its advanced fuel recycling process, in collaboration with Argonne National Laboratory and Idaho National Laboratory. This achievement marks a significant step forward in Oklo’s efforts to scale up its fuel recycling capabilities and deploy a commercial-scale recycling facility to increase advanced reactor fuel supplies, and enhance fuel cost effectiveness.

Oklo Inc. (NYSEOKLO) (“Oklo” or the “Company”), a fast fission clean power technology and nuclear fuel recycling company, earlier today filed a registration statement on Form S-1 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (“SEC”).

Oklo Inc. (NYSEOKLO) (“Oklo” or the “Company”), a fast fission clean power technology and nuclear fuel recycling company, today announced its participation in the following upcoming investor conferences:

Oklo Inc. (NYSEOKLO) (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, announced its collaboration with Wyoming Hyperscale to supply 100 megawatts of clean power to a state-of-the-art data center campus. The companies have signed a non-binding letter of intent outlining their intent to enter into a 20-year Power Purchase Agreement, highlighting Oklo’s commitment to providing reliable and scalable clean power solutions in response to the increasing demand for electricity driven by global digitalization and artificial intelligence (AI) adoption.

Oklo Inc. (NYSEOKLO) (“Oklo” or the “Company”), a fast fission clean power technology and nuclear fuel recycling company, is forming a strategic partnership with Atomic Alchemy Inc. (“Atomic Alchemy”) to produce isotopes. This partnership will aim to combine Oklo’s work to build and operate fast reactors and fuel recycling expertise with Atomic Alchemy’s expertise in isotope production to meet increasing demands for isotopes. Isotopes are vital for many promising medical, energy, industry, and science applications.

Oklo Inc. (NYSEOKLO) (“Oklo” or the “Company”), a fast fission clean power technology and nuclear fuel recycling company, will begin trading on the New York Stock Exchange (NYSE) under the new ticker symbol “OKLO,” effective at market open today, following the completion of its business combination with AltC Acquisition Corp. (“AltC”) (the “transaction���) on May 9, 2024.

Oklo Inc. (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, announces an agreement with Diamondback Energy Inc. (“Diamondback”) (NASDAQFANG), the largest independent producer headquartered in the shale-oil region to collaborate on a long-term Power Purchase Agreement (“PPA”).

Oklo Inc. (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, has successfully completed the second phase of the Thermal Hydraulic Experimental Test Article (“THETA”) testing campaign in collaboration with Argonne National Laboratory. THETA is a sodium fixture with world-class instrumentation installed at Argonne’s Mechanisms Engineer Test Loop facility.

Oklo Inc. (“Oklo”), an advanced fission technology and nuclear fuel recycling company, is pleased to announce the signing of an Option and Right of First Refusal to Purchase Real Estate (the “land rights agreement”) with the non-profit Southern Ohio Diversification Initiative (“SODI”) for land including options for the siting of two powerhouses.

Oklo Inc. (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, has announced that the U.S. Department of Energy (DOE) has reviewed and approved the Safety Design Strategy (SDS) for the Aurora Fuel Fabrication Facility at Idaho National Laboratory (INL). The Aurora Fuel Fabrication Facility is being designed to demonstrate the reuse of recovered nuclear material to support Oklo’s planned commercial advanced fission power plant demonstration at INL.

Additional information has been added under the following headers after last paragraph of release: Forward-Looking Statements, Additional Information About the Business Combination and Where to Find It, Participants in the Solicitation, No Offer or Solicitation

Oklo Inc., a fast fission clean power technology and nuclear fuel recycling company, has signed a memorandum of understanding with Siemens Energy. This agreement designates Siemens Energy to potentially become Oklo’s preferred supplier for rotating equipment of the power conversion system (conventional island) for the Aurora powerhouse. Siemens Energy would also be positioned to provide consulting to support Oklo in design work of the conventional island. Through this strategic partnership, the power generation equipment of Oklo’s powerhouses is anticipated to be cost-efficient, well-proven, and sourced from readily available components, enabling a key catalyst for deployment scale-up and reliability of Oklo’s advanced fission power plants.

Oklo Inc., an advanced fission power technology and nuclear fuel recycling company, is honored to announce its selection to TIME's Best Inventions of 2023 list, in the “Reuse and Recycle” category. This recognition highlights the fuel recycling capabilities that Oklo is developing to recycle used nuclear fuel, part of what is referred to as nuclear waste, into fuel to create clean energy.

Oklo Inc. (“Oklo” or the “Company”), an advanced fission technology and nuclear fuel recycling company, has appointed R Craig Bealmear as Chief Financial Officer. Bealmear brings extensive experience from the renewable and downstream energy sectors. With over thirty years of experience in financial and commercial leadership, particularly in public company settings, Bealmear will play a pivotal role in Oklo’s continued growth and lead the Company’s financial strategy. In his role as CFO, Bealmear will hold a critical position overseeing all corporate financial functions. This includes spearheading initiatives to identify and access capital markets, fostering and managing key investor relationships, and formulating the Company’s long-term financial strategy.

The Defense Logistics Agency Energy on behalf of the United States Air Force has issued a Notice of Intent to Award a contract to Oklo Inc. to provide power and heat at the Eielson Air Force Base as part of the Air Force's micro-reactor pilot program. This project represents a significant stride towards ensuring a clean and resilient energy supply for critical national security infrastructure.

Oklo Inc. (“Oklo”) and Centrus Energy Corp. (“Centrus”) (NYSE American: LEU) today announced a new Memorandum of Understanding (“MOU”) between the two companies to support the deployment of Oklo’s advanced fission powerhouses and advanced nuclear fuel production in Southern Ohio, making the region a critical hub for the future of the U.S. nuclear industry. Oklo and Centrus have been partners since 2021 when the companies signed a Letter of Intent to cooperate in the development of a High-Assay, Low-Enriched Uranium (“HALEU”) fuel facility. With this new MOU, Oklo and Centrus plan to enter into a broad range of collaboration programs supporting the development and operation of Oklo’s Aurora powerhouses including supply of HALEU produced by Centrus at its Piketon, Ohio, facility. Centrus also intends to buy clean, reliable, and affordable energy from Oklo’s planned Ohio plants to power its HALEU Production Facility.

Oklo Inc. (“Oklo” or the “Company”), an advanced fission technology and nuclear fuel recycling company, and AltC Acquisition Corp. (“AltC”) (NYSEALCC), a special purpose acquisition company, announced today that they have entered into a definitive business combination agreement (the “transaction”). Upon closing of the transaction, the combined company will operate as Oklo and is expected to be listed on the New York Stock Exchange under the ticker “OKLO.”

Oklo Inc. and the Southern Ohio Diversification Initiative (SODI) have signed an agreement to deploy two commercial Oklo power plants in Southern Ohio.

Oklo Inc. has submitted a Licensing Project Plan (LPP) to the U.S. Nuclear Regulatory Commission (NRC), outlining Oklo's plans for pre-application engagement activities that support the future licensing of a first-of-a-kind fuel recycling facility. Conducting these activities provides early identification and reconciliation of regulatory requirements, enabling efficient and effective NRC license application review through a process which is equivalent to a staged licensing approach with the benefits of flexibility and customization. Oklo's commercial-scale fuel recycling facility will support the deployment of Oklo's advanced fission power plants.

Oklo Inc. has submitted a Licensing Project Plan (LPP) to the U.S. Nuclear Regulatory Commission (NRC) to support its preparations for submitting additional license applications. The LPP outlines Oklo’s proposed engagement to support future licensing activities. The LPP presents pre-licensing interactions that will help the NRC and Oklo achieve an efficient and effective review process, including items necessary for advanced fission designs. An efficient and effective license application review schedule with the NRC will help unlock the commercialization of American innovation in advanced fission technologies to accelerate America’s ability to deploy clean energy technologies while ensuring energy safety and security.

Oklo Inc. has been awarded a $4.5 million cost-share project along with Argonne National Laboratory (Argonne) from the U.S. Department of Energy’s (DOE) Advanced Research Projects Agency-Energy (ARPA-E). The award is funded under the ARPA-E OPEN 2021 program, a $175 million funding opportunity that prioritizes funding technologies that support novel approaches to clean energy challenges.

Oklo Inc. co-hosted the U.S. Secretary of Energy Jennifer M. Granholm at Argonne National Laboratory (Argonne), where she toured state-of-the-art experimental liquid metal and fuel recycling facilities. Oklo and Argonne are currently partnered on four DOE awards through the Gateway for Accelerated Innovation in Nuclear (GAIN), Technology Commercialization Fund (TCF), ARPA-E OPEN, and ARPA-E ONWARDS. The projects will support the commercialization and licensing of advanced fission technologies, as well as the deployment of fuel recycling to enable a safe, sustainable, and economically competitive domestic fuel supply chain.

Oklo Inc. has been awarded a $4.5 million cost-share project along with Argonne National Laboratory (Argonne) from the U.S. Department of Energy’s (DOE) Advanced Research Projects Agency-Energy (ARPA-E). The award is funded under the ARPA-E OPEN 2021 program, a $175 million funding opportunity that prioritizes funding technologies that support novel approaches to clean energy challenges.

Oklo Inc. and Argonne National Laboratory (Argonne) have signed an agreement to formalize both parties’ commitment to commercializing advanced fuel recycling technology. The partnership is an outcome of a cost-share project awarded by the U.S. Department of Energy (DOE) Technology Commercialization Fund (TCF), authorized in the Energy Policy Act of 2005. The TCF is a nearly $30 million funding opportunity that leverages R&D funding in the applied energy programs to mature promising energy technologies with the potential for high impact.

Oklo Inc. (Oklo) and Centrus Energy Corp. (NYSE American: LEU) have signed a non-binding Letter of Intent (LOI) to cooperate in the deployment of a High-Assay, Low-Enriched Uranium (HALEU) production facility. HALEU is an advanced fuel material that can be used to fuel both existing and advanced fission power plants. Both companies are committed to working toward establishing domestic HALEU production capabilities to support the commercialization of Oklo’s power plants.

Oklo Inc. (Oklo) announces a 20-year commercial partnership with Compass Mining (Compass), the world's first online marketplace for Bitcoin mining hardware and hosting. With increasing power consumption from bitcoin mining, the partnership between Oklo and Compass aims to introduce advanced fission to supplement fossil fuels and promote diversity and sustainability in the energy sources used by miners. Oklo’s advanced fission powerhouses will provide clean, reliable, and affordable baseload power for Compass’ Bitcoin mining machines, starting in the early 2020s. Oklo is committed to supplying at least 150MW of clean power to Compass in the first phase of this partnership, helping drive the sustainability of Bitcoin mining practices.

Oklo Inc. announces the publication of two methodology reports to enable advanced fission reactors to meet regulatory requirements by moving from prescriptive and outdated methods to modern and performance-based methods. Although the existing regulatory framework is based on large, light water reactors, small and innovative advanced fission technologies can utilize these methods to develop their design and analysis and assure safety in a thorough, modern way.

Oklo Inc. (Oklo) announced a $2 million cost-share award from the Department of Energy (DOE) supported by the Technology Commercialization Fund (TCF). Oklo is matching $1 million in funds and is partnering with the DOE and Argonne National Laboratory (ANL) on this public-private partnership. The TCF project will enable the commercialization of advanced fuel recycling capabilities by utilizing electrorefining technology.