Oklo Signs Interface Agreement with the Idaho National Laboratory and Advances Environmental Review for its First Commercial Powerhouse

Rhea-AI Summary

Oklo Inc. (NYSE: OKLO) has achieved significant milestones in deploying its first commercial powerhouse in Idaho. The company has signed an Interface Agreement (IAG) with Idaho National Laboratory (INL), following a recently finalized Memorandum of Agreement (MoA) with the U.S. Department of Energy

The agreements focus on ensuring environmental compliance during site investigation. Oklo has conducted comprehensive cultural and biological surveys in collaboration with local Shoshone Bannock Tribes as part of the preparation for site characterization fieldwork. The company's proactive approach to regulatory and environmental requirements aims to maintain project momentum while minimizing potential delays and risks for the targeted construction timeline.

Positive

• Secured key regulatory agreements (MoA with DOE and IAG with INL) advancing project development
• Proactive environmental compliance approach potentially reducing future regulatory delays

Negative

• None.

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Oklo Inc. (NYSE: OKLO) ("Oklo"), an advanced nuclear company, announced significant milestones as part of its journey toward deploying its first commercial powerhouse in Idaho. Following the recent finalization of a Memorandum of Agreement (the “MoA”) with the U.S. Department of Energy (DOE), Oklo has also entered into an Interface Agreement (the “IAG”) with Idaho National Laboratory (INL). This agreement aims to ensure strict adherence to environmental regulations throughout the site investigation process and reinforces Oklo's commitment to environmental stewardship throughout the project.

Oklo's preferred site for its first Aurora powerhouse at INL (Image: Idaho National Laboratory)

As part of the MoA and the IAG, Oklo worked closely with INL and DOE to prepare for site characterization fieldwork. Preparations included comprehensive cultural and biological surveys conducted in partnership with local Shoshone Bannock Tribes.

“These agreements and reviews mark progress towards constructing our first advanced fission powerhouse. We are focused on ensuring that our development processes are both efficient and sustainable,” said Jacob DeWitte, co-founder and CEO of Oklo.

The IAG represents a key milestone in Oklo's approach to achieving regulatory and environmental benchmarks. These efforts help maintain project momentum while ensuring a timely and responsible deployment. Oklo’s proactive strategy in addressing environmental and regulatory requirements is designed to minimize potential delays and risks, keeping the project on track for its targeted construction timeline.

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.

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 U.S. 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 goals and benefits of the IAG and environmental review, 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; the risk that the IAG and environmental review fail to produce the expected benefits; 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250320708424/en/

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 agreements has Oklo (NYSE: OKLO) secured for its Idaho powerhouse project?

Oklo has secured an Interface Agreement (IAG) with Idaho National Laboratory and a Memorandum of Agreement (MoA) with the U.S. Department of Energy.

What environmental steps has Oklo taken for its Idaho powerhouse development?

Oklo has conducted cultural and biological surveys in partnership with Shoshone Bannock Tribes and implemented environmental compliance measures during site investigation.

How will the Interface Agreement (IAG) impact Oklo's powerhouse development?

The IAG helps maintain project momentum while ensuring environmental compliance, potentially reducing delays and risks in the construction timeline.

What is the significance of Oklo's agreements with INL and DOE for its first commercial powerhouse?

These agreements represent key milestones in achieving regulatory and environmental benchmarks for the construction of Oklo's first advanced fission powerhouse.