Nuclear Energy Industry Revitalization
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Oklo (OKLO) Soars 11% from New DOE Deal
Yahoo Financeยท 2025-10-03 18:15
Core Insights - Oklo Inc. has been recognized by the Department of Energy (DOE) as one of four companies selected to build advanced nuclear power line projects, leading to an 11.10% increase in its share price to $128.80 [1][2][3] Group 1: DOE Selection and Projects - Oklo Inc. will assist in building and operating three fuel-fabrication facilities to support advanced reactor deployment, alongside Terrestrial Energy, TRISO-X, and Valar Atomics [2] - In August 2025, Oklo and its subsidiary, Atomic Alchemy, were selected for three of DOE's 11 projects under the Reactor Pilot Program, following executive orders aimed at revitalizing the nuclear energy sector [3] - The DOE project follows Oklo's recent achievements, including a $1.68 billion fuel recycling facility in Tennessee and the first Aurora powerhouse at the Idaho National Laboratory [4]