Oklo selected for DOE advanced nuclear fuel line pilot projects

SANTA CLARA, Calif. - Oklo Inc. (NYSE:OKLO), a nuclear technology company with a market capitalization of $16.48 billion and an impressive year-to-date return of over 425%, has been selected by the U.S. Department of Energy for the Advanced Nuclear Fuel Line Pilot Projects, the company announced Wednesday.

Oklo is one of four companies chosen for the initiative, which aims to accelerate permitting, construction, and operation of nuclear facilities while driving private sector investment and creating a fast-track approach to licensing.

Under the program, Oklo will build and operate three fuel-fabrication facilities to support the deployment of advanced reactors. The project aligns with DOE’s goal to ensure a domestic supply of advanced nuclear fuel for research, development, and demonstration purposes.

This selection follows Oklo’s August 2025 inclusion in three of the DOE’s 11 projects under the Reactor Pilot Program, which was established after executive orders signed in May 2025 aimed at revitalizing America’s nuclear energy industry. According to InvestingPro data, Oklo maintains strong liquidity with a current ratio of 71.27, though the company is not yet profitable with an EBITDA of -$73.14 million.

"We are honored to be selected by DOE for these historic projects that will help restore America’s nuclear fuel supply chain," said Jacob DeWitte, Oklo’s co-founder and CEO, according to the company’s press release.

The announcement comes after Oklo’s September 4 disclosure of plans for a Fuel Recycling Facility in Tennessee, representing the first phase of an Advanced Fuel Center with a potential investment of up to $1.68 billion. On September 22, the company broke ground on its first Aurora powerhouse at the Idaho National Laboratory.

Oklo develops fast fission power plants and is working on establishing a domestic supply chain for radioisotopes while advancing nuclear fuel recycling technology. While trading at a relatively high Price-to-Book ratio of 23.66, InvestingPro analysis reveals 15+ additional key insights about Oklo’s financial health and market position. Get access to the comprehensive Pro Research Report, available exclusively to subscribers, for deep-dive analysis of this emerging nuclear technology player.

In other recent news, Oklo Inc. has made significant strides in the advanced nuclear technology sector. The company announced that the U.S. Nuclear Regulatory Commission (NRC) has accepted its Principal Design Criteria for review under an expedited timeline, with a draft evaluation expected in early 2026. This acceptance came much faster than the typical review period, marking a critical step in Oklo’s regulatory process. Additionally, Oklo has formed a strategic partnership with Swedish company Blykalla AB, which includes a $5 million investment commitment. This collaboration aims to enhance technology development, supply-chain coordination, and regulatory knowledge-sharing between the two firms. In another development, Oklo completed full-scale fuel assembly testing at the U.S. Department of Energy’s Argonne National Laboratory. The testing focused on validating computer models to advance the company’s fuel assembly design toward production. Despite these advancements, the company experienced a setback with a notable decline in its stock, alongside other nuclear and uranium stocks.

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