PRESS RELEASE: Oklo Inc. (NYSE: OKLO), an advanced nuclear technology company, and its subsidiary, Atomic Alchemy Inc., have been selected for three of the U.S. Department of Energy’s (DOE) reactor pilot projects under the newly established Reactor Pilot Program. Oklo was selected for two projects, and Atomic Alchemy was selected for one.
The Reactor Pilot Program aims to demonstrate criticality in at least three test reactors by America’s 250th birthday on July 4, 2026. The selections are expected to accelerate deployment timelines while providing operational insights that can support long-term commercial licensing and readiness. The program is part of a broader federal initiative to modernize and streamline nuclear licensing and demonstration, made possible through the executive orders signed in May 2025.
“We’re proud to be selected by the DOE for these three projects,” said Jacob DeWitte, co-founder and CEO of Oklo. “This shows that the DOE is ushering in a new era of building new nuclear in America by unleashing its unique capabilities to enable American nuclear innovators to build. The DOE is opening the door to the market so new ideas, new approaches, and new designs can be built more quickly and efficiently. American innovation is one of our strategic advantages, and the DOE’s selection of a number of projects provides a sweeping injection of urgency to meet the moment and unleash American nuclear innovation.”
These selections reflect growing national momentum behind energy innovation and the role of public-private collaboration in delivering bold solutions to America’s energy needs.
About Oklo Inc.: Oklo Inc. is developing fast fission power plants to deliver clean, reliable, and affordable energy at scale, establishing a domestic supply chain for critical radioisotopes, and advancing nuclear fuel recycling to convert nuclear waste into clean energy. Oklo was the first to receive a site use permit from the U.S. Department of Energy for a commercial advanced fission plant, was awarded fuel from Idaho National Laboratory, and submitted the first custom combined license application for an advanced reactor to the U.S. Nuclear Regulatory Commission. Oklo is also developing advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and national laboratories.
Forward-Looking Statements
This press release includes statements that express Oklo’s opinions, expectations, objectives, beliefs, plans, intentions, strategies, assumptions, forecasts or projections regarding future events or future results and therefore are, or may be deemed to be, “forward-looking statements.” The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” or, in each case, their negative or other variations or comparable terminology, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, results of operations, financial condition, liquidity, prospects, growth, strategies and the markets in which Oklo operates. Such forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties.
As a result of a number of known and unknown risks and uncertainties, the actual results or performance of Oklo may be materially different from those expressed or implied by these forward-looking statements. The following important risk factors could affect Oklo’s future results and cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements: risks related to the deployment of Oklo’s powerhouses; the risk that Oklo is pursuing an emerging market, with no commercial project operating, regulatory uncertainties; the potential need for financing to construct plants, market, financial, political and legal conditions; the effects of competition; risks related to the availability of fuel, including high-assay low-enriched uranium (“HALEU”), plutonium, and recycled fuels; changes in applicable laws or regulations; and the outcome of any government and regulatory proceedings and investigations and inquiries.
The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties of the other documents filed by Oklo from time to time with the U.S. Securities and Exchange Commission. The forward-looking statements contained in this press release and in any document incorporated by reference are based on current expectations and beliefs concerning future developments and their potential effects on Oklo. There can be no assurance that future developments affecting Oklo will be those that Oklo has anticipated. Oklo undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Source: Oklo Inc.
Contacts
Media and Investor Contact for Oklo:
Bonita Chester, Head of Communications and Media at media@oklo.com
