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Nuclear

Oklo Is Getting Closer To Officially Fabricating Nuclear Fuel

October 17, 2024
x min read
Oklo Fast Fission

Major new breakthroughs in nuclear energy might be getting closer than ever.

What’s happening:

  • Oklo (NYSE: OKLO) has received an approval from the United States Department of Energy on their Conceptual Safety Design Report for the Aurora Fuel Fabrication Facility located at the Idaho National Laboratory

Why it matters:

  • The new approval from the United States Department of Energy brings Oklo closer to being able to use recovered nuclear material to fuel their first ever commercial powerhouse
  • Most nuclear reactors are unable to use the vast majority of the energy content that exists in their fuel, which Oklo’s reactors are aiming to completely change by turning used fuel waste into clean energy

Going deeper:

Market reaction:

  • Shares of Oklo are up +59% since the announcement

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