Shares of Oklo Inc. (NYSE:OKLO) rose 2.5% after the company announced it has successfully completed the U.S. Nuclear Regulatory Commission’s (NRC) pre-application readiness assessment for its first commercial Aurora powerhouse.
The NRC found no major deficiencies in Phase 1 of Oklo’s combined license application (COLA) for the proposed facility at Idaho National Laboratory, signaling that the submission is on track for formal acceptance. The agency also offered feedback to support an efficient review process once the full application is submitted.
“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.”
Oklo has been working with the NRC since 2016, completing several pre-application milestones, including approval of its Quality Assurance Program Description. The company has also advanced key licensing areas such as safety analysis, component classification, and operational procedures.
This progress highlights both Oklo’s methodical approach to licensing and the NRC’s efforts to modernize regulatory frameworks for advanced nuclear technologies—initiatives supported by the ADVANCE Act and recent Executive Orders.
The company plans to submit the first phase of the Aurora-INL license application later this year, part of its broader strategy to enable scalable deployment of its compact Aurora reactors for commercial and federal energy customers.
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