U.S. Nuclear Regulatory Commission Accepts Oklo’s Licensed Operator Topical Report for Review

Oklo Inc. (NYSE: OKLO) announced today that the U.S. Nuclear Regulatory Commission (NRC) has initiated its review of Oklo’s Licensed Operator Topical Report. This milestone represents continued progress in Oklo’s regulatory strategy and follows the company’s recent entry into the NRC’s Readiness Assessment Audit for Phase 1 for its Combined License Application. The Combined License Application is a one-step application that will allow Oklo to operate the Aurora once approved by the NRC.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250610279296/en/

Oklo Aurora powerhouse (Image: Oklo)

The topical report seeks regulatory approval for the specific process to license operators for Oklo’s fleet of Aurora powerhouses. Today, most nuclear plant operators in the U.S. are licensed to a single facility, and a 24/7 onsite licensed operator workforce is required to ensure that they are available to carry out safety-related actions. That framework was initially developed around the large, traditional nuclear fleet, which uses light water reactor technology. Oklo is proposing a different model. Instead of licensing operators for individual sites, operators would be licensed for the Aurora powerhouse technology itself. This approach enables operators to monitor multiple plants from a central location and move between sites when needed. Oklo is able to streamline operational overhead through this approach due to the enhanced use of automatic controls and the inherent safety features of the Aurora.

Oklo’s business model of selling power, not power plants, means that the company builds, owns, and operates its powerhouses. That model is closely aligned with a licensing strategy designed for repeatability and efficiency. Once approved, the Licensed Operator Topical Report may be referenced in future applications, reducing the need to re-review previously approved material. This regulatory efficiency is central to Oklo’s plan for scalable deployment across its fleet. By strategically submitting topical reports like this one, Oklo is laying the regulatory foundation for faster licensing pathways that support its broader commercialization goals.

“This milestone demonstrates how our licensing strategy supports our mission to deliver clean, reliable, and affordable energy quickly and at scale,” said Jacob DeWitte, co-founder and CEO of Oklo. “By combining all aspects of design, construction, and operation into one application, we’re streamlining the path to deployment. Since we build, own, and operate our powerhouses to sell energy directly to customers, it makes sense to align that with a more integrated licensing pathway.”

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 material 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 U.S. 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,” “can,” “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, the benefits of the proposed acquisition, 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 development and deployment of Oklo’s powerhouses; the risk that Oklo is pursuing an emerging market, with no commercial project operating, regulatory uncertainties; risks related to acquisitions, divestitures, or joint ventures we may engage in; the potential need for financing to construct plants; market, financial, political and legal conditions; the effects of competition; risks related to accessing HALEU and recycled fuels; risks related to our supply chain; risks related to power purchase agreements; risks related to human capital; risks related to our intellectual property; risks related to cybersecurity and data privacy; changes in applicable laws or regulations; the outcome of any government and regulatory proceedings and investigations and inquiries; the risk that the acquisition of Atomic Alchemy fails to produce the expected benefits; and those factors in the other documents filed by Oklo from time to time with the U.S. Securities and Exchange Commission.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250610279296/en/