DOE Approves Conceptual Safety Design Report for Oklo’s Aurora Fuel Fabrication Facility
15 Oktober 2024 - 2:02PM
Business Wire
Oklo Inc. (NYSE: OKLO) (“Oklo”), an advanced fission power
technology and nuclear fuel recycling company, today 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 as Oklo advances toward its goal of utilizing recovered
nuclear material to fuel its first commercial Aurora
powerhouse.
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the full release here:
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At Idaho National Laboratory's Fuel
Conditioning Facility, spent nuclear fuel material is being
recycled into fuel for Oklo's commercial Aurora powerhouse
deployment at INL. (Image: Idaho National Laboratory)
The Aurora Fuel Fabrication Facility is expected to fabricate
fuel for Oklo’s Aurora power plant to be sited at INL. The facility
will use high assay low enriched uranium that has been recovered
from used Experimental Breeder Reactor-II fuel. “We are proud of
our collaboration with INL and DOE as we move closer to turning on
our first commercial plant that uses this recovered nuclear fuel in
just a few years,” said Jacob DeWitte, co-founder and CEO of Oklo.
Oklo is uniquely positioned with a secured fuel supply, site use
permit, significant regulatory traction, and supply chain
development to support the first deployment of its Aurora
powerhouse.
“The approval of the CSDR is a critical step toward fabricating
fuel for Oklo’s first commercial deployment,” said Dr. Jess Gehin,
INL’s associate laboratory director for Nuclear Science and
Technology. “As the nation’s nuclear energy research laboratory, we
are committed to partnering with companies like Oklo to advance
fission technologies and deliver clean energy solutions.”
The CSDR approval is part of the DOE’s comprehensive review
process, with the next steps including the Preliminary Documented
Safety Analysis before construction and the Documented Safety
Analysis after construction and commissioning.
About Oklo Inc.: Oklo Inc. is developing fast fission
power plants to provide clean, reliable, and affordable energy at
scale. Oklo received a site use permit from the U.S. Department of
Energy, was awarded fuel material from Idaho National Laboratory,
submitted the first advanced fission custom combined license
application to the Nuclear Regulatory Commission, and is developing
advanced fuel recycling technologies in collaboration with the U.S.
Department of Energy and U.S. National Laboratories.
Forward-Looking Statements
This press release includes statements that express Oklo’s
opinions, expectations, objectives, beliefs, plans, intentions,
strategies, assumptions, forecasts or projections regarding future
events or future results and therefore are, or may be deemed to be,
“forward-looking statements.” The words “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “intends,” “may,”
“might,” “plan,” “possible,” “potential,” “predict,” “project,”
“should,” “would” or, in each case, their negative or other
variations or comparable terminology, and similar expressions may
identify forward-looking statements, but the absence of these words
does not mean that a statement is not forward-looking. These
forward-looking statements include all matters that are not
historical facts. They appear in a number of places throughout this
press release and include statements regarding our intentions,
beliefs or current expectations concerning, among other things, the
benefits of the CSDR approval, results of operations, financial
condition, liquidity, prospects, growth, strategies and the markets
in which Oklo operates. Such forward-looking statements are based
on information available as of the date of this press release, and
current expectations, forecasts and assumptions, and involve a
number of judgments, risks and uncertainties.
As a result of a number of known and unknown risks and
uncertainties, the actual results or performance of Oklo may be
materially different from those expressed or implied by these
forward-looking statements. The following important risk factors
could affect Oklo’s future results and cause those results or other
outcomes to differ materially from those expressed or implied in
the forward-looking statements: risks related to the deployment of
Oklo’s powerhouses; the risk that Oklo is pursuing an emerging
market, with no commercial project operating, regulatory
uncertainties; the potential need for financing to construct
plants, market, financial, political and legal conditions; the
effects of competition; changes in applicable laws or regulations;
and the outcome of any government and regulatory proceedings and
investigations and inquiries.
The foregoing list of factors is not exhaustive. You should
carefully consider the foregoing factors and the other risks and
uncertainties of the other documents filed by Oklo from time to
time with the U.S. Securities and Exchange Commission. The
forward-looking statements contained in this press release and in
any document incorporated by reference are based on current
expectations and beliefs concerning future developments and their
potential effects on Oklo. There can be no assurance that future
developments affecting Oklo will be those that Oklo has
anticipated. Oklo undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws.
About Idaho National Laboratory
Battelle Energy Alliance manages INL for the U.S. Department of
Energy’s Office of Nuclear Energy. INL is the nation's center for
nuclear energy research and development, celebrating 75 years of
scientific innovations in 2024. The laboratory performs research in
each of DOE’s strategic goal areas: energy, national security,
science and the environment. For more information, visit
www.inl.gov. Follow us on social media: Facebook, Instagram,
LinkedIn and X.
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version on businesswire.com: https://www.businesswire.com/news/home/20241015224842/en/
Media and Investor Contact for Oklo: Bonita Chester, Head
of Communications and Media at media@oklo.com Investor
Contact: Sam Doane, Director of Investor Relations at
investors@oklo.com
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