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SANTA CLARA, Calif. - Oklo Inc. (NYSE: OKLO), a company specializing in advanced nuclear technology, has entered into a memorandum of understanding (MOU) with Korea Hydro & Nuclear Power (KHNP) to collaborate on the development and deployment of Oklo’s nuclear technology on a global scale.
The partnership aims to enhance the standard design, development, and verification of Oklo’s Aurora powerhouse, focusing on early-stage project development, manufacturability, supply chain, and constructability assessments. Oklo is progressing through the U.S. Nuclear Regulatory Commission’s licensing process for its 75 MWe Aurora powerhouse at the Idaho National Laboratory site and intends to submit a Combined License Application (COLA) later this year. The company’s stock has shown remarkable momentum, with InvestingPro reporting a 130.19% year-to-date return, though analysts note the company is not expected to be profitable this year.
Jacob DeWitte, Oklo’s Co-Founder and CEO, emphasized the importance of the collaboration with KHNP, noting the synergy in execution factors and the potential acceleration towards commercialization. KHNP has been building nuclear power plants since 1971, and this partnership could leverage their experience in large-scale project delivery.
KHNP CEO Whang Ju-ho highlighted the focus on developing their innovative i-SMR technology and the anticipated synergy with Oklo in advancing nuclear technology design, construction, and operation.
Oklo, which has previously received a site use permit from the U.S. Department of Energy for a commercial advanced fission plant and has been awarded fuel material from Idaho National Laboratory, is also working on advanced fuel recycling technologies in collaboration with U.S. entities.
The press release includes forward-looking statements regarding Oklo’s expectations and projections about future events, which involve risks and uncertainties that could cause actual results to differ materially. These risks include the development and deployment of Oklo’s powerhouses, emerging market uncertainties, regulatory risks, financial needs, market conditions, competition, supply chain and fuel access challenges, power purchase agreements, human capital, intellectual property, cybersecurity, legal and regulatory changes, and potential outcomes of government proceedings. For a deeper understanding of Oklo’s risk factors and growth potential, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US stocks with expert insights and actionable intelligence.
This news is based on a press release statement and provides a factual overview of the strategic partnership between Oklo Inc. and KHNP without endorsing any claims or future projections.
In other recent news, Cameco Corporation is expected to benefit from an executive order aimed at bolstering the nuclear energy industry in the United States. The order plans to invoke the Defense Production Act to enhance regulatory processes and strengthen supply chains, which could increase demand for uranium and conversion services. Cameco’s 49% stake in Westinghouse may also gain from new reactor builds, especially if Westinghouse’s technology is selected. Analysts at Goldman Sachs reiterated their Buy rating on Cameco, highlighting the potential positive impact of these developments.
Meanwhile, Oklo Inc. has been actively advancing its projects and strategies in the nuclear energy sector. Wedbush analyst Daniel Ives increased Oklo’s stock price target to $55, maintaining an Outperform rating, citing Oklo’s strategic positioning and unique business model. Oklo’s expansion of its Aurora powerhouse to 75 megawatts is seen as a significant step forward, particularly in serving the growing demand from data centers. The company is also making progress with its site characterization at Idaho National Laboratory and plans to submit its combined license application by the end of 2025.
Oklo’s first-quarter 2025 earnings report showed an operating loss of approximately $18 million, but the company is moving forward with its first Aurora power plant project. BTIG and Citi analysts have maintained Neutral ratings on Oklo, noting its ongoing developments and strategic steps in the regulatory process. The departure of Sam Altman from the board is viewed as a potential opportunity for Oklo to enhance partnerships with major tech industry players. The company’s Atomic Alchemy division is also expected to begin generating revenue by early to mid-2026.
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