Oklo Supports Executive Orders to Advance U.S. Nuclear Energy Leadership and Fuel Security
WASHINGTON--(BUSINESS WIRE)--Oklo Inc. (NYSE: OKLO), an advanced nuclear technology company, issued a statement of support in response to the White House's release of a series of executive orders focused on speeding up approval and adoption of advanced nuclear, reforming the Nuclear Regulatory Commission (NRC), restoring the domestic nuclear supply chain, and overhauling testing and licensing processes for advanced nuclear.
As part of the announcement, Oklo co-founder and CEO Jacob DeWitte joined President Trump at the White House alongside other industry leaders. The event marked a historic moment in the administration's effort to secure America's energy future and unleash American energy dominance.
'These executive orders are about enabling deployment. They show clear alignment around the need to modernize how we license, fuel, and build advanced nuclear power to meet rising demand,' said Jacob DeWitte, co-founder and CEO of Oklo.
The executive orders direct agencies such as the Department of Energy (DOE) and the Department of Defense (DoD) to operate more effectively as both customers and enablers of new energy technologies. Oklo supports efforts to empower the DOE, DoD, and NRC to use existing authorities more efficiently and to prioritize performance-based, mission-aligned reviews.
Oklo is developing U.S. invented fast fission power plants capable of recycling used nuclear material and converting it into clean, firm power. The company is the only advanced nuclear developer with an active site use permit from the DOE, a fuel award through a competitive DOE and Idaho National Laboratory program, and active regulatory traction with the NRC for its first commercial power plant.
The executive orders also emphasize the importance of using existing feedstock of domestic nuclear fuel feedstock to jump-start early projects and strengthen national energy resilience. Oklo's fuel award for its first core load is sourced from used nuclear fuel material from the successful Experimental Breeder Reactor II program. This DOE fast reactor demonstration operated for decades and proved the viability of both fast reactor technology and recycling used fuel. The company's power plants are designed to use either fresh High-Assay Low-Enriched Uranium or recycled used nuclear material.
The executive orders reaffirm the United States' strategic commitment to leading the world in advanced nuclear energy, a vision Oklo is advancing through its demonstrated technology and efforts to enable commercial deployment at scale.
About Oklo Inc.: Oklo Inc. is developing fast fission power plants to deliver clean, reliable, and affordable energy at scale; establishing a domestic supply chain for critical radioisotopes; and advancing nuclear fuel recycling to convert nuclear waste into clean energy. Oklo was the first to receive a site use permit from the U.S. Department of Energy for a commercial advanced fission plant, was awarded fuel material from Idaho National Laboratory, and submitted the first custom combined license application for an advanced reactor to the U.S. Nuclear Regulatory Commission. Oklo is also 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,' 'can,' '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 proposed acquisition, 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 development and deployment of Oklo's powerhouses; the risk that Oklo is pursuing an emerging market, with no commercial project operating, regulatory uncertainties; risks related to acquisitions, divestitures, or joint ventures we may engage in; the potential need for financing to construct plants; market, financial, political and legal conditions; the effects of competition; risks related to accessing HALEU and recycled fuels; risks related to our supply chain; risks related to power purchase agreements; risks related to human capital; risks related to our intellectual property; risks related to cybersecurity and data privacy; changes in applicable laws or regulations; the outcome of any government and regulatory proceedings and investigations and inquiries; the risk that the acquisition of Atomic Alchemy fails to produce the expected benefits; and those factors in the other documents filed by Oklo from time to time with the U.S. Securities and Exchange Commission.
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.
Source: Oklo Inc.
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