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DOE Approves Conceptual Safety Design Report for Oklo’s Aurora Fuel Fabrication Facility

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Oklo Inc. (NYSE: OKLO) has 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 for Oklo as it progresses towards utilizing recovered nuclear material to fuel its first commercial Aurora powerhouse.

The Aurora Fuel Fabrication Facility will fabricate fuel for Oklo's Aurora power plant at INL, using high assay low enriched uranium recovered from used Experimental Breeder Reactor-II fuel. This approval is a critical step in Oklo's journey to deploy its first commercial plant using recovered nuclear fuel.

The CSDR approval is part of the DOE's comprehensive review process, with subsequent steps including the Preliminary Documented Safety Analysis before construction and the Documented Safety Analysis after construction and commissioning.

Oklo Inc. (NYSE: OKLO) ha annunciato che il Dipartimento dell'Energia degli Stati Uniti (DOE) ha approvato il Rapporto di Progettazione della Sicurezza Concettuale (CSDR) per l'impianto di fabbricazione di combustibile Aurora presso il Laboratorio Nazionale di Idaho (INL). Questa approvazione rappresenta un traguardo chiave per Oklo mentre avanza verso l'utilizzo di materiale nucleare recuperato per alimentare il suo primo impianto commerciale Aurora.

L'impianto di fabbricazione di combustibile Aurora produrrà combustibile per la centrale elettrica Aurora di Oklo presso l'INL, utilizzando uranio impoverito a bassa arricchitura ad alta assayed recuperato dal combustibile usato del Reattore Breeder Esperimentale-II. Questa approvazione è un passo critico nel viaggio di Oklo per implementare il suo primo impianto commerciale utilizzando combustibile nucleare recuperato.

L'approvazione del CSDR fa parte del processo di revisione completo del DOE, con passaggi successivi che includono l'Analisi di Sicurezza Documentata Preliminare prima della costruzione e l'Analisi di Sicurezza Documentata dopo la costruzione e la messa in servizio.

Oklo Inc. (NYSE: OKLO) ha anunciado que el Departamento de Energía de los Estados Unidos (DOE) ha aprobado el Informe de Diseño de Seguridad Conceptual (CSDR) para la Instalación de Fabricación de Combustible Aurora en el Laboratorio Nacional de Idaho (INL). Esta aprobación es un hito clave para Oklo mientras avanza hacia la utilización de material nuclear recuperado para alimentar su primera planta comercial Aurora.

La Instalación de Fabricación de Combustible Aurora fabricará combustible para la planta de energía Aurora de Oklo en INL, utilizando uranio enriquecido de bajo contenido a alta tasa recuperado del combustible usado del Reactor Experimental Criador-II. Esta aprobación es un paso crítico en el viaje de Oklo para desplegar su primera planta comercial utilizando combustible nuclear recuperado.

La aprobación del CSDR es parte del proceso de revisión integral del DOE, con pasos subsiguientes que incluyen el Análisis de Seguridad Documentado Preliminar antes de la construcción y el Análisis de Seguridad Documentado después de la construcción y puesta en marcha.

Oklo Inc. (NYSE: OKLO)는 미국 에너지부(DOE)가 아이다호 국립 연구소(INL)의 오로라 연료 제조 시설에 대한 개념적 안전 설계 보고서(CSDR)를 승인했다고 발표했습니다. 이 승인은 Oklo가 회수한 핵 물질을 사용하여 첫 상업용 오로라 발전소를 가동하는 방향으로 나아가는 데 있어 중요한 이정표입니다.

오로라 연료 제조 시설은 INL에 있는 Oklo의 오로라 발전소를 위해 고농축 저농도 우라늄을 사용하여 연료를 제조합니다. 이는 사용된 실험용 재생기 II 연료에서 회수된 것입니다. 이 승인은 회수된 핵 연료를 사용하는 첫 상업용 플랜트를 운영하는 Oklo의 여정에서 중요한 단계입니다.

CSDR 승인은 DOE의 포괄적인 검토 과정의 일부로, 건설 전 초기 문서화된 안전 분석과 건설 및 운영 후 문서화된 안전 분석이 포함됩니다.

Oklo Inc. (NYSE: OKLO) a annoncé que le Département de l'Énergie des États-Unis (DOE) a approuvé le Rapport de Conception de Sécurité Conceptuelle (CSDR) pour l'Installation de Fabrication de Carburant Aurora au Laboratoire National de l'Idaho (INL). Cette approbation représente un jalon clé pour Oklo alors qu'elle progresse vers l'utilisation de matériel nucléaire récupéré pour alimenter sa première centrale électrique commerciale Aurora.

L'Installation de Fabrication de Carburant Aurora fabriquera du carburant pour la centrale Aurora d'Oklo à l'INL, en utilisant uranium faiblement enrichi à haute assise récupéré à partir de combustible utilisé d'un Réacteur Expérimental à Septeur-II. Cette approbation constitue une étape cruciale dans le parcours d'Oklo pour déployer sa première centrale commerciale utilisant du combustible nucléaire récupéré.

L'approbation du CSDR fait partie du processus de révision complet du DOE, avec des étapes ultérieures comprenant l'Analyse de Sécurité Documentée Préliminaire avant la construction et l'Analyse de Sécurité Documentée après la construction et la mise en service.

Oklo Inc. (NYSE: OKLO) hat angekündigt, dass das US-Energieministerium (DOE) den Konzeptuellen Sicherheitsdesignbericht (CSDR) für die Aurora Brennstofffabrik am Idaho National Laboratory (INL) genehmigt hat. Diese Genehmigung ist ein schlüsselmeilenstein für Oklo, da es auf dem Weg ist, wiedergewonnenes nukleares Material zur Betankung seines ersten kommerziellen Aurora-Kraftwerks zu nutzen.

Die Aurora Brennstofffabrik wird Brennstoff für Oklo's Aurora-Kraftwerk am INL herstellen, indem sie hochgradig niedrig angereichertes Uran verwendet, das aus gebrauchten Brennstoffen des Experimentellen Brutreaktors II gewonnen wurde. Diese Genehmigung ist ein kritischer Schritt in Oklo's Bestreben, sein erstes kommerzielles Kraftwerk mit wiedergewonnenem nuklearem Brennstoff zu betreiben.

Die Genehmigung des CSDR ist Teil des umfassenden Prüfprozesses des DOE, mit weiteren Schritten einschließlich der vorläufigen dokumentierten Sicherheitsanalyse vor dem Bau und der dokumentierten Sicherheitsanalyse nach dem Bau und der Inbetriebnahme.

Positive
  • DOE approval of the Conceptual Safety Design Report (CSDR) for Oklo's Aurora Fuel Fabrication Facility
  • Progress towards utilizing recovered nuclear material for commercial power generation
  • Secured fuel supply, site use permit, and regulatory traction for first Aurora powerhouse deployment
Negative
  • None.

Insights

The DOE's approval of Oklo's Conceptual Safety Design Report (CSDR) for the Aurora Fuel Fabrication Facility is a significant milestone in the company's journey towards commercializing advanced nuclear technology. This development demonstrates progress in Oklo's innovative approach to nuclear fuel recycling and advanced fission power.

The facility's plan to use high assay low enriched uranium recovered from used Experimental Breeder Reactor-II fuel showcases a sustainable approach to nuclear energy production. This could potentially address concerns about nuclear waste and fuel supply, which have been long-standing challenges in the industry.

For investors, this approval signals reduced regulatory risk and increased likelihood of Oklo achieving its goal of deploying its first commercial Aurora powerhouse. The company's unique position with a secured fuel supply, site use permit and supply chain development provides a competitive advantage in the advanced nuclear market.

However, it's important to note that several steps remain in the regulatory process, including the Preliminary Documented Safety Analysis and final Documented Safety Analysis. While promising, the path to full commercialization still faces potential hurdles and uncertainties typical of innovative nuclear technologies.

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Oklo Inc. (NYSE: OKLO) (“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.

At Idaho National Laboratory's Fuel Conditioning Facility, spent nuclear fuel material is being recycled into fuel for Oklo's commercial Aurora powerhouse deployment at INL. (Image: Idaho National Laboratory)

At Idaho National Laboratory's Fuel Conditioning Facility, spent nuclear fuel material is being recycled into fuel for Oklo's commercial Aurora powerhouse deployment at INL. (Image: Idaho National Laboratory)

The Aurora Fuel Fabrication Facility is expected to fabricate fuel for Oklo’s Aurora power plant to be sited at INL. The facility will use high assay low enriched uranium that has been recovered from used Experimental Breeder Reactor-II fuel. “We are proud of our collaboration with INL and DOE as we move closer to turning on our first commercial plant that uses this recovered nuclear fuel in just a few years,” said Jacob DeWitte, co-founder and CEO of Oklo. Oklo is uniquely positioned with a secured fuel supply, site use permit, significant regulatory traction, and supply chain development to support the first deployment of its Aurora powerhouse.

“The approval of the CSDR is a critical step toward fabricating fuel for Oklo’s first commercial deployment,” said Dr. Jess Gehin, INL’s associate laboratory director for Nuclear Science and Technology. “As the nation’s nuclear energy research laboratory, we are committed to partnering with companies like Oklo to advance fission technologies and deliver clean energy solutions.”

The CSDR approval is part of the DOE’s comprehensive review process, with the next steps including the Preliminary Documented Safety Analysis before construction and the Documented Safety Analysis after construction and commissioning.

About Oklo Inc.: Oklo Inc. is developing fast fission power plants to provide clean, reliable, and affordable energy at scale. Oklo received a site use permit from the U.S. Department of Energy, was awarded fuel material from Idaho National Laboratory, submitted the first advanced fission custom combined license application to the Nuclear Regulatory Commission, and is developing advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and U.S. National Laboratories.

Forward-Looking Statements

This press release includes statements that express Oklo’s opinions, expectations, objectives, beliefs, plans, intentions, strategies, assumptions, forecasts or projections regarding future events or future results and therefore are, or may be deemed to be, “forward-looking statements.” The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” or, in each case, their negative or other variations or comparable terminology, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, the benefits of the CSDR approval, results of operations, financial condition, liquidity, prospects, growth, strategies and the markets in which Oklo operates. Such forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties.

As a result of a number of known and unknown risks and uncertainties, the actual results or performance of Oklo may be materially different from those expressed or implied by these forward-looking statements. The following important risk factors could affect Oklo’s future results and cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements: risks related to the deployment of Oklo’s powerhouses; the risk that Oklo is pursuing an emerging market, with no commercial project operating, regulatory uncertainties; the potential need for financing to construct plants, market, financial, political and legal conditions; the effects of competition; changes in applicable laws or regulations; and the outcome of any government and regulatory proceedings and investigations and inquiries.

The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties of the other documents filed by Oklo from time to time with the U.S. Securities and Exchange Commission. The forward-looking statements contained in this press release and in any document incorporated by reference are based on current expectations and beliefs concerning future developments and their potential effects on Oklo. There can be no assurance that future developments affecting Oklo will be those that Oklo has anticipated. Oklo undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

About Idaho National Laboratory

Battelle Energy Alliance manages INL for the U.S. Department of Energy’s Office of Nuclear Energy. INL is the nation's center for nuclear energy research and development, celebrating 75 years of scientific innovations in 2024. The laboratory performs research in each of DOE’s strategic goal areas: energy, national security, science and the environment. For more information, visit www.inl.gov. Follow us on social media: Facebook, Instagram, LinkedIn and X.

Media and Investor Contact for Oklo:

Bonita Chester, Head of Communications and Media at media@oklo.com



Investor Contact:

Sam Doane, Director of Investor Relations at investors@oklo.com

Source: Oklo Inc.

FAQ

What milestone did Oklo Inc. (NYSE: OKLO) recently achieve for its Aurora Fuel Fabrication Facility?

Oklo Inc. recently achieved DOE approval of the Conceptual Safety Design Report (CSDR) for its Aurora Fuel Fabrication Facility at Idaho National Laboratory (INL).

What type of fuel will Oklo's Aurora Fuel Fabrication Facility produce?

The facility will produce fuel using high assay low enriched uranium recovered from used Experimental Breeder Reactor-II fuel for Oklo's Aurora power plant at INL.

What are the next steps in the DOE's review process for Oklo's Aurora Fuel Fabrication Facility?

The next steps include the Preliminary Documented Safety Analysis before construction and the Documented Safety Analysis after construction and commissioning.

How does the CSDR approval contribute to Oklo's commercial goals?

The CSDR approval is a critical step towards fabricating fuel for Oklo's first commercial Aurora powerhouse deployment, bringing the company closer to turning on its first commercial plant using recovered nuclear fuel.

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