Oklo Moves One Step Closer to Commercialization

Oklo was selected by the U.S. Department of Energy for advanced negotiations under the Surplus Plutonium Utilization Program, alongside four other advanced nuclear companies. The program converts designated surplus plutonium material into fuel for advanced reactors. Oklo plans to pair this opportunity with a partnership with European developer newcleo that could provide up to $2 billion in project capital, subject to definitive agreements. Oklo also received NRC approval of its Principal Design Criteria topical report for the Aurora reactor on an accelerated schedule, and it has a planned criticality target for the Groves Isotope Test Reactor at Idaho National Laboratory. Customer demand has expanded to about 14 GW through agreements and letters of intent, while the company remains pre-revenue with widening losses.

"Fuel supply constraints are a key throttle to advanced reactor development. This program creates a pathway to use existing surplus material as bridge fuel for advanced reactors to bring more reactors online sooner."

"We are entering an era of unprecedented energy demand, rivaled perhaps only by initial conversion to electrification over a century ago."

"The program converts designated surplus plutonium material into fuel for advanced reactors, and Oklo is pairing it with a partnership with European developer newcleo that could bring up to $2 billion in project capital, subject to definitive agreements."

"The plutonium news lands on top of the NRC's May 6, 2026 approval of Oklo's Principal Design Criteria topical report for the Aurora powerhouse on an accelerated schedule, a milestone that sent shares up 12% to 22.5% on the day. Next up is a July 4, 2026 criticality target for the Groves Isotope Test Reactor at Idaho National Laboratory."

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