The commercialization process is expected to accelerate! US Nuclear Regulatory Authority Initiates Review of Oklo (OKLO.US) Licensed Carrier Report

The Zhitong Finance App learned that the US nuclear power company Oklo (OKLO.US) said on Tuesday that the US Nuclear Regulatory Commission (NRC) has begun reviewing the company's licensed operator special reports. This marks Oklo's continued progress in laying the regulatory foundation for a faster licensing path to support its broader commercialization goals.

The review commenced after Oklo recently entered the first phase of NRC's preparatory assessment review of its joint licensing application. The joint license application is a one-step application. After approval by the NRC, OKLO will be approved to operate the Aurora power plant.

Oklo CEO Jacob DeWitte said, “By integrating all aspects of design, construction, and operation into one application, we have simplified the deployment path. Since we build, own, and operate power plants and sell energy directly to customers, it makes sense to combine this with a more integrated licensing path.”

It is worth mentioning that Seaport Global analyst Jeff Campbell upgraded Oklo's stock rating from “neutral” to “buy” on Monday, with a target price of $71, citing confidence in the company's growth prospects.

Jeff Campbell said Oklo's project is progressing smoothly and has received some technical approvals. Additionally, he has deep confidence in Oklo's recently appointed Chief Technology Officer Pat Schweiger. According to reports, Pat Schweiger was involved in “important” nuclear fusion work at Commonwealth Fusion Systems, a private company spun off from the Massachusetts Institute of Technology.

Jeff Campbell believes that access to fuel is the key to Oklo's success. He mentioned that Oklo has completed drilling and evaluation work at the Idaho National Laboratory (INL) site, finalized a memorandum of cooperation with the US Department of Energy, and signed a system interface agreement (Interface Agreement) with INL.