Shares of Oklo Inc. (NYSE: OKLO), an advanced fission power company, soared 5.19% on Wednesday after the company announced a significant milestone in its plans to build the first commercial advanced fission power plant in the United States.
Oklo revealed that it has completed the environmental compliance process with the U.S. Department of Energy (DOE) and the Idaho National Laboratory (INL), allowing it to begin site characterization at its preferred location in Idaho. This crucial step clears the way for Oklo to advance its ambitious project of deploying a cutting-edge nuclear power plant.
The company's CEO and Co-Founder, Jacob DeWitte, expressed enthusiasm about the development, stating that it represents "pivotal steps forward" as Oklo moves toward delivering the first commercial advanced fission plant. With site characterization activities now underway, the company is positioned to respond to its growing order book and meet diverse energy needs across various sectors, including data centers, industrial processes, defense, and off-grid communities.
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