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Investing.com -- Oklo Inc. (NYSE:OKLO) stock rose 2.5% after the advanced nuclear technology company announced it successfully completed the U.S. Nuclear Regulatory Commission’s pre-application readiness assessment for its first commercial Aurora powerhouse project.
The assessment, which evaluated Phase 1 of the combined license application (COLA) for Oklo’s facility at Idaho National Laboratory, found no significant gaps that would prevent acceptance of the application. The NRC provided observations to help Oklo finalize its application for an efficient review process.
"We view this assessment as a productive engagement tool that moves our licensing and permitting work forward," said Jacob DeWitte, Co-Founder and CEO of Oklo. "Our team has worked closely with the NRC to build a clear, efficient licensing pathway, and this is a good signal that we are on track."
The company has been engaged with the NRC since 2016, completing various pre-application activities including securing an approved Quality Assurance Program Description and advancing critical licensing elements such as safety analysis, component classification, and operational protocols.
This regulatory milestone reflects both Oklo’s approach to licensing and the NRC’s commitment to modernize regulatory processes for advanced nuclear technologies, supported by the ADVANCE Act and recent Executive Orders.
Oklo plans to submit the first phase of the Aurora-INL COLA this year as part of its strategy to enable efficient and repeatable deployment of its Aurora powerhouses for commercial and federal customers.
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