Oklo Inc. Stock Price, News & Analysis

Oklo (NYSE: OKLO) has secured partnerships with two major data center providers to deliver up to 750 megawatts (MW) of low carbon power across the U.S. These agreements expand Oklo's customer pipeline to approximately 2,100 MW. The company will deploy its Aurora powerhouse design, offering flexible 15 MW and 50 MW units that can be installed in phases. The partnership includes one of the fastest-growing data center companies and supports Oklo's expansion in Idaho, Ohio, Texas, and Wyoming. Oklo will build, own, and operate the powerhouses, generating revenue through power sales while helping customers reduce grid dependence.

Oklo (NYSE: OKLO) has completed the environmental compliance process with the U.S. Department of Energy (DOE) and Idaho National Laboratory (INL) for site characterization of its first commercial advanced fission power plant site at INL. The company received an Environmental Compliance Permit, following a recent Memorandum of Agreement with DOE and approval of its Conceptual Safety Design Report for the Aurora Fuel Fabrication Facility. Oklo's business model focuses on selling power directly to customers across data centers, industrial processes, defense, and off-grid communities.

Oklo (NYSE: OKLO), an advanced fission power technology and nuclear fuel recycling company, will release its Q3 2024 financial results after market close on November 14, 2024. A conference call will follow at 4:30 PM ET. Jacob DeWitte, CEO, and Craig Bealmear, CFO, will host the call. Shareholders can submit questions until November 13 at 4:30 PM ET. The company will provide access to the webcast, investor presentation, shareholder letter, and financial results through their website.

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) has finalized a Memorandum of Agreement (MOA) with the U.S. Department of Energy (DOE) Idaho Operations Office, marking a significant step towards deploying the first commercial advanced fission power plant in the U.S. The MOA grants Oklo access to conduct site investigations at its preferred location in Idaho, focusing on geotechnical assessments, environmental surveys, and infrastructure planning.

As the only advanced fission company with a DOE site use permit, substantial regulatory progress, and a secured fuel supply, Oklo is well-positioned for this next phase. The agreement builds on Oklo's collaboration with the DOE, which began in 2019 with a site use permit and fuel award. CEO Jacob DeWitte emphasized that this MOA reflects the company's commitment to timely deployment and operational readiness while managing costs and maintaining project schedules.

Oklo Inc. (NYSE: OKLO), a fast fission clean power technology and nuclear fuel recycling company, has released its earnings and business update for the second quarter ending June 30, 2024. The company has also posted a shareholder letter and an updated investor presentation on its website. Oklo will host a conference call on August 13th, 2024, at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time, featuring CEO Jacob DeWitte and CFO Craig Bealmear. Investors can access the webcast through the Events & Presentations section of Oklo's investor relations website, with an archive available for 12 months after the event.

Oklo Inc. (NYSE: OKLO), a fast fission clean power technology and nuclear fuel recycling company, has signed a Preferred Supplier Agreement with Siemens Energy for the power conversion system of its Aurora powerhouse. This binding agreement, following a previous Memorandum of Understanding, aims to enhance production scalability, cost efficiency, and rapid deployment to meet growing customer demand.

Siemens Energy will supply power conversion and supporting systems, fostering efficiencies through economies of scale. Standardizing equipment across Oklo's powerhouses is expected to result in cost savings in manufacturing, construction, operations, and maintenance. Oklo's fast fission technology uses liquid metal as a coolant, allowing for high-temperature operation without pressurization and enabling the use of commonly available alloys from existing supply chains.

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.