Oklo Inc.

OKLO NYSE Utilities · Electric Services Santa Clara, CA oklo.com
$38.57
Mkt Cap 7.17B

Developer of small advanced fission microreactors (Aurora powerhouses) and nuclear fuel recycling technology to generate electricity and heat.

From the annual report

We founded Oklo in 2013 with the goal of revolutionizing the energy landscape by developing clean, reliable, affordable energy solutions at scale. According to the International Energy Agency, global electricity production is expected to increase over 75% by 2050 driven by electrification of buildings, transportation, and industry; increased use of air conditioning in the developing world; and increased consumption from data centers and cloud services. Our business addresses this demand by producing electricity and heat from our Aurora powerhouses which can run on fresh, recycled, or down-blended nuclear fuel. We are also commercializing nuclear fuel recycling technology that can convert used nuclear fuel into usable fuel for our powerhouses and those of others. The fast fission reactor technology we are commercializing was demonstrated by the Experimental Breeder Reactor-II ( EBR-II ), a fast fission plant that was operated by the U.S. government for 30 years. Our powerhouse product line, called the Aurora, builds on this legacy of proven and demonstrated technology. Our Aurora powerhouse product line is designed with embedded safety features, to be able to run on fresh, recycled, or down-blended fuel, and to produce 15-75 megawatts electric ( MWe ) and has the potential to expand powerhouse size to produce 100 MWe and higher.

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