Oklo Inc. has lined up a key agreement with the Department of Energy’s Idaho National Laboratory to assist the company’s plans to build its first advanced nuclear plant at the site.
The agreement ensures that Oklo, an advanced nuclear technology company based in California, will commit to follow the “strict environmental guidelines” throughout the various stages of the project, Oklo said in a March 20 press release.
Oklo hopes to reduce delays and risks to keep the project on track for its estimated construction timeline, according to the release.
The company has high hopes for its Aurora Powerhouse, a small modular reactor capable of generating up to 15 megawatts of electric power. Oklo targets its first deployment of the first powerhouse as early as 2027.
Oklo previously finalized a Memorandum of Agreement with the Department of Energy (DOE).
The company will work closely with both the Idaho Laboratory and DOE to prepare site development and research. Oklo received its first site permit from the DOE and was awarded fuel for its first reactor by Idaho National Laboratory in 2019.
Oklo became a publicly-traded company last year. It is scheduled to report its quarterly earnings Monday.
Before he was confirmed as President Donald Trump’s secretary of energy, Chris Wright was a member of the Oklo board of directors.
