Overview
- The White House is described as working with Oklo to expedite Nuclear Regulatory Commission licensing following executive actions to accelerate advanced nuclear power.
- Washington has outlined a goal to expand U.S. nuclear capacity from roughly 100 gigawatts to 400 gigawatts by 2050, elevating advanced reactors in the national energy strategy.
- Through a Department of Energy pilot, Oklo is reported to have broken ground on its first Aurora unit, yet commercial operations still require regulatory approval.
- Oklo shares, which set new highs in October, fell from about $171 to just above $120 by Nov. 5 as the pre-revenue company confronts execution and cost challenges.
- The company cites nonbinding power agreements with data center operators such as Equinix, while peers like NuScale are noted as having certified designs under production.