Tue Oct 15 15:40:00 UTC 2024: ## Oklo Shares Soar on Continued Momentum from Google Nuclear Deal and DOE Approval
**Idaho Falls, ID** – Oklo Inc. (OKLO) shares continued their upward climb on Tuesday, driven by momentum from Monday’s announcement of a partnership between Google and small modular reactor developer Kairos Power, and the US Department of Energy’s (DOE) approval of Oklo’s Aurora fuel fabrication facility design.
Oklo’s stock closed Monday up nearly 10% following Google’s commitment to purchase power from Kairos Power’s small modular reactors, with plans to have the first reactor online by 2030. Google sees nuclear energy as a crucial component of its clean energy strategy to support the increasing energy demands of data centers fueled by the AI boom.
“Nuclear energy has a critical role to play in supporting our clean growth and helping to deliver on the progress of AI,” said Michael Terrell, senior director for energy and climate at Google.
The DOE’s approval of Oklo’s Conceptual Safety Design Report for the Aurora Fuel Fabrication Facility at Idaho National Laboratory marks a significant milestone in Oklo’s journey towards commercializing its powerhouses. The facility will use high assay low enriched uranium recovered from used fuel, positioning Oklo with a secured fuel supply and significant regulatory traction.
“Oklo is uniquely positioned with a secured fuel supply, site use permit, significant regulatory traction, and supply chain development to support the first deployment of its Aurora powerhouse,” said Jacob DeWitte, co-founder and CEO of Oklo.
The DOE’s comprehensive review process will continue with the Preliminary Documented Safety Analysis before construction and the Documented Safety Analysis after construction and commissioning.
Oklo shares were up 4.68% at $10.50 at the time of publication.
**This news highlights the growing interest in nuclear power as a clean energy solution and the potential for companies like Oklo to capitalize on this trend.**
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