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OKLO Hit a Record High This Week. Here is Why.
Yahoo Financeยท 2025-09-18 18:43
Core Insights - Oklo Inc. (NYSE:OKLO) experienced a significant share price increase of 29.55% from September 9 to September 16, 2025, marking it as one of the top-performing energy stocks during that week [1] Group 1: Company Developments - Oklo Inc. reached an all-time high following the announcement of plans to design, build, and operate a facility in Tennessee aimed at recycling used nuclear fuel into fuel for fast reactors, specifically the Aurora powerhouse [3] - The projected cost for the Tennessee facility is $1.68 billion, making it the first of its kind in the United States [3] - The company has completed a licensing project for the facility with the Nuclear Regulatory Commission and is currently engaged in pre-application discussions with the regulator [4] - Production of fuel for the company's small modular reactors (SMRs) is expected to commence by the early 2030s [4] Group 2: Industry Context - Oklo Inc. is backed by notable figures such as OpenAI's Sam Altman and focuses on developing advanced fission power plants to deliver clean, reliable, and affordable energy at scale in the United States [2]