Oklo’s earnings took a hit as the company reported a net loss of $73.6 million for 2024. The majority of it came from a $52.8 million operating loss. The company’s stock dropped after the report, but analysts stressed that its long-term vision matters more than the numbers. However, the company’s nuclear endeavors continue to shine.
It’s working with the U.S. Nuclear Regulatory Commission (NRC) to prepare for its upcoming license application to advance its nuclear technology.
As part of this process, the NRC will review Oklo’s licensing materials in advance through a Pre-Application Readiness Assessment. This step helps both Oklo and the NRC get ready for a smoother and more efficient approval process for the Aurora Powerhouse at Idaho National Laboratory.
Oklo Advances Regulatory Approvals for Aurora Reactor
Oklo has been working with the NRC since 2016 to navigate the regulatory path for its advanced reactors. The company has already secured approval for its quality assurance program and made progress in areas like safety analysis, environmental planning, and operational procedures.
The company plans to submit its formal COLA later in 2025, with more applications in the pipeline. The license will cover the design, construction, and operation of the Aurora Powerhouse at INL.
Notably, Oklo aims to have its first Aurora powerhouse up and running by late 2027. The company secured over 14 GW in power orders, which indicates a strong demand for its nuclear technology.
NRC Readiness Assessment Starts in March 2025
The NRC will start reviewing Oklo’s plans in late March 2025. In this first step, they’ll see where the project’s location and its impact on the environment. By sorting out these important details early, Oklo can make the approval process smoother and faster.
The press release also revealed that under the 2024 ADVANCE Act, the NRC is making it easier for nuclear companies to get licenses. A big change is coming—a 55% cut in licensing fees, making the process more affordable. This new pricing will start from October 1, 2025.
Launching Its First Commercial Reactor in Idaho
On March 20, Oklo announced the launch of its first commercial powerhouse in Idaho. The company signed a MoA with the U.S. DOE and an Interface Agreement (IAG) with Idaho National Laboratory (INL). These agreements ensure Oklo follows all environmental rules while preparing the site.
It has been working closely with INL and DOE to get ready for site investigations. This includes cultural and biological surveys in partnership with the Shoshone Bannock Tribes.
DeWitte further confirmed that these agreements push them forward in building their first advanced fission powerhouse. He added that Oklo is committed to smooth and sustainable development.
Oklo’s Aurora Reactor Sets New Standards in Clean Energy
Oklo provides clean energy 24/7 to data centers, factories, industrial sites, communities, and defense facilities. It supplies heat and power through power purchase agreements.
The Aurora Powerhouse will deliver reliable, clean energy to customers and will use recycled fuel made at the Aurora Fuel Fabrication Facility. The facility will process recovered nuclear material from the EBR-II reactor into fuel for the nearby Aurora Powerhouse.
- It can generate 15 MWe, scale up to 50 MWe, and operate for over a decade before needing refueling.
The fission pioneer also explained that they use advanced recycling techniques to keep transuranic materials together as fuel. This avoids the need to create pure material streams, which is a unique feature of fast reactors.
Notably, it’s the only company that has secured fuel for its first commercial advanced nuclear power plant.
Oklo has also developed the Radioisotope Production Facility, Atomic Alchemy with INL. This facility produces essential radioisotopes for critical and life-saving applications, strengthening the U.S. commercial supply chain.
The facility also extracts valuable radioisotope byproducts from the waste stream of Oklo’s fuel recycling process.
U.S. Nuclear Generation and Generating Capacity
As more power-hungry AI-driven data centers emerge, utilities are increasingly looking at nuclear power for grid reliability. Governments and private firms, including the big techs are investing in advanced nuclear reactors and small modular reactors (SMRs) to scale nuclear capacity efficiently.
As per EIA, in 2024, the monthly nuclear utility generation was approximately 71 million megawatt hours (MWh).
Thus, Oklo is on track to support America’s clean energy goals, advancing nuclear power as a reliable, carbon-free solution for the growing energy demand.