Aug 12, 10:13 AM

DOE Picks Oklo for Nuclear Pilot, Boosting Advanced Reactor Ambitions

The U.S. Department of Energy has selected Oklo Inc. for its latest nuclear pilot program, Bloomberg reported, positioning the California-based start-up to receive federal support as it works to commercialize compact fast reactors designed to supply zero-carbon baseload power. While financial terms were not disclosed, inclusion in the pilot is expected to streamline federal permitting and open additional funding channels. Oklo said it aims to begin constructing its first commercial unit in 2026, pending Nuclear Regulatory Commission approval. The government backing follows growing market interest in the company. On Monday, Wedbush Securities raised its price target on Oklo shares to $80 from $75, citing accelerating AI-driven electricity demand, progress on licensing and partnerships with large cloud-computing providers. Citi reiterated its constructive view the same day, noting strategic advances but cautioning that investors may seek more customer announcements.

#Bloomberg #Oklo #Nuclear Regulatory Commission #Wedbush Securities #Citi

Written with ChatGPT .