Oklo Selected for Nuclear Reactor Pilot Program
Oklo, a nuclear start-up, has been selected for a U.S. Department of Energy pilot program aimed at accelerating the deployment of advanced nuclear reactors, particularly its small modular nuclear reactors (SMRs). This announcement was made on August 12, 2023, as part of a larger initiative directed by President Trump to have three operational reactors by July 2026.
Oklo’s share price has surged over 750% over the past year, partly due to interest in AI data centers that require significant power. Despite this rise, Oklo has seen a 15% drop in shares since the pilot program announcement and currently lacks a commercially viable product, with deployment expected in 2027.
