Oklo Completes Site Characterization Borehole Drilling for First Powerhouse

IDAHO FALLS, Idaho--(BUSINESS WIRE)--Oklo successfully completed borehole drilling for site characterization work at the Idaho National Laboratory site for its first Aurora Powerhouse. This milestone marks a significant step forward in the development and future construction of the facility.

The completed work included the drilling of several boreholes to support comprehensive geotechnical assessments of subsurface conditions. These efforts help with validating site suitability, informing detailed engineering design, and securing the necessary permits for construction.

“The completion of this drilling campaign highlights our team’s ability to execute through the early stages of site development,” said Jacob DeWitte, co-founder and CEO at Oklo. “With this work completed, we are well-positioned to continue making progress on licensing, infrastructure development, and ultimately, the groundbreaking of our first Aurora powerhouse.”

The site characterization phase involved collaboration with leading geotechnical experts to ensure all data collection met regulatory and industry standards. The insights gathered will guide foundation design, seismic safety measures, and other site suitability assessments.

These geotechnical analyses will be integrated into Oklo’s Combined License Application (COLA) to the U.S. Nuclear Regulatory Commission. Oklo’s COLA covers the design, construction, and operation of the Aurora powerhouse, enabling a streamlined and efficient regulatory review process. Once approved, the license will authorize Oklo to construct and operate the plant.

About Oklo Inc.: Oklo Inc. is developing fast fission power plants to deliver clean, reliable, and affordable energy at scale; establishing a domestic supply chain for critical radioisotopes; and advancing nuclear fuel recycling to convert nuclear waste into clean energy. Oklo was the first to receive a site use permit from the U.S. Department of Energy for a commercial advanced fission plant, was awarded fuel from Idaho National Laboratory, and submitted the first custom combined license application for an advanced reactor to the U.S. Nuclear Regulatory Commission. Oklo is also developing advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and national laboratories.

Forward-Looking Statements

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As a result of a number of known and unknown risks and uncertainties, the actual results or performance of Oklo may be materially different from those expressed or implied by these forward-looking statements. The following important risk factors could affect Oklo’s future results and cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements: risks related to the deployment of Oklo’s powerhouses; the risk that Oklo is pursuing an emerging market, with no commercial project operating, regulatory uncertainties; the potential need for financing to construct plants, market, financial, political and legal conditions; the effects of competition; the risk that an agreement with Atomic Alchemy and the proposed acquisition thereof do not materialize or fail to produce the expected benefits; changes in applicable laws or regulations; and the outcome of any government and regulatory proceedings and investigations and inquiries.

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