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Oklo Inc. (Symbol: OKLO) is at the forefront of developing advanced fission power plants designed to deliver clean, reliable, and affordable energy on a large scale. The company is actively pursuing two key strategies to meet the rising demand for sustainable energy solutions: providing commercial-scale energy directly to customers and offering used nuclear fuel recycling services within the U.S. market.
The company's flagship project, the Aurora powerhouse product line, features liquid metal fast reactor technology. The first commercial Aurora powerhouse aims to produce up to 15 megawatts of electricity (MWe) utilizing both recycled nuclear fuel and fresh fuel. This pioneering approach underscores Oklo's commitment to innovation and environmental stewardship.
In a significant recent development, Oklo Inc. has entered into a new Memorandum of Understanding (MOU) with Centrus Energy Corp. (NYSE American: LEU) to enhance the deployment of advanced fission powerhouses and nuclear fuel production in Southern Ohio. This collaboration, which builds on a partnership established in 2021, aims to make the region a pivotal hub for the U.S. nuclear industry’s future. Centrus will supply High-Assay, Low-Enriched Uranium (HALEU) produced at its Piketon, Ohio facility, further solidifying this strategic alliance.
Oklo has secured numerous achievements, including a site use permit from the U.S. Department of Energy (DOE) and a fuel award from Idaho National Laboratory for its initial commercial plant in Idaho. Additionally, Oklo collaborates with the Southern Ohio Diversification Initiative at the DOE Piketon Site for its subsequent projects.
The company is also advancing its liquid metal fast reactor technology and plans to commercialize it through the Aurora powerhouse series. These reactors are designed to be scalable, making them suitable for various industries. Oklo's unique business model focuses on selling power rather than power plants, aligning with its mission to provide scalable, clean energy solutions.
In terms of financial health, Oklo has announced a definitive business combination agreement with AltC Acquisition Corp. (NYSE: ALCC), which upon closing, will result in the combined company being listed on the New York Stock Exchange under the ticker symbol “OKLO.”
For Centrus Energy, this partnership is also a strategic move to establish a domestic HALEU supply chain, crucial for the advancement of carbon-free nuclear energy. Centrus is constructing the first U.S. HALEU production facility, licensed by the U.S. Nuclear Regulatory Commission, and expects to start production by the end of 2023.
Oklo's initiatives are part of a broader strategy to meet the growing demand for clean energy while establishing a sustainable and reliable nuclear fuel supply infrastructure. This is bolstered by strong support from industry leaders, bipartisan backing in Congress, and the administration's investment in advanced nuclear technologies.
Oklo Inc. continues to make strides in the nuclear energy sector, positioning itself as a key player in the transition to clean, reliable, and affordable energy solutions.
Oklo Inc. (NYSE: OKLO), a fast fission clean power technology and nuclear fuel recycling company, has announced its upcoming second quarter 2024 earnings and business update call. The conference call is scheduled for Tuesday, August 13, 2024, at 5:00 p.m. Eastern Time. Key executives, including CEO Jacob DeWitte, COO Caroline Cochran, and CFO Craig Bealmear, will participate in the call.
The company will release its Q2 2024 financial results after the market closes on the same day. Investors can access the live webcast and replay at https://events.q4inc.com/attendee/620095700. Additional materials, including an investor presentation, shareholder letter, and financial results, will be available on Oklo's website at https://oklo.com/investors.
Oklo Inc. (NYSE: OKLO) has successfully completed the first end-to-end demonstration of key stages in its advanced fuel recycling process, collaborating with Argonne National Laboratory and Idaho National Laboratory. This milestone, supported by a $5 million cost-share award from the U.S. Department of Energy's ARPA-E ONWARDS Program, marks significant progress towards deploying a commercial-scale recycling facility.
Oklo's technology aims to extract over 90% of remaining energy from used fuel, potentially reducing fuel costs by up to 80%. The process includes unique proliferation-resistant features and maintains consolidation of transuranic materials. This advancement is expected to enhance fuel efficiency, create alternative fuel sources, and reduce high-level waste requiring permanent disposal.
Oklo, a clean power technology and nuclear fuel recycling company, has filed a registration statement on Form S-1 with the U.S. SEC. This filing registers 62,440,080 shares of common stock that are currently unregistered for resale. These shares were previously detailed in a Form S-4 tied to Oklo's initial business combination. The filed registration does not register new shares for public issuance and does not create freely tradable shares immediately. All shares are subject to lock-up restrictions or performance vesting requirements. Shares held by Oklo's management and AltC Acquisition Sponsor are restricted, expiring in tranches over three years. The S-1 registration is not yet effective and may change.
Oklo, a company specializing in fast fission clean power technology and nuclear fuel recycling, has announced its participation in several notable upcoming investor conferences. These include the Evercore Global Clean Energy & Transition Technologies Summit on June 11-12, 2024, and the JP Morgan Energy, Power and Renewables Conference on June 17-18, 2024, both in New York. Oklo will also attend the Canaccord Genuity 44th Annual Growth Conference in Boston on August 13-15, 2024, and the Needham & Co. Industrial Tech, Robotics & Clean Tech 1x1 Conference on August 19-20, 2024, which will be held virtually. Interested parties can visit the Oklo Investor Events page or contact investors@oklo.com for more information.
Oklo, a company specializing in fast fission clean power technology and nuclear fuel recycling, has partnered with Wyoming Hyperscale to deliver 100 megawatts of clean power to a new data center campus. They have signed a non-binding letter of intent to collaborate on a 20-year Power Purchase Agreement. This partnership aims to address the growing demand for electricity driven by global digitalization and AI adoption. Both companies are committed to providing sustainable and efficient energy solutions. The announcement underscores Oklo's dedication to advancing sustainable energy practices and supporting high-efficiency operations within the data center industry.
Oklo has signed an MOU with Atomic Alchemy to collaborate on isotope production, aiming to increase industrial and medical isotopes for various applications such as cancer treatment, diagnostic imaging, and clean energy technologies. This partnership will help establish a reliable domestic supply, meet current and anticipated demand, and address gaps in the supply chains.
Oklo Inc. starts trading on the New York Stock Exchange with the ticker symbol 'OKLO' after completing a merger with AltC Acquisition Corp. The company received $306 million in gross transaction proceeds to support its business plan of providing clean, reliable, affordable energy to various markets. Oklo's newly appointed board of directors comprises industry leaders with Sam Altman as chairman. The company aims to drive growth through strategic partnerships and its unique owner-operator model.
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