Oklo

Oklo and Argonne Achieve Milestone in Thermal-Hydraulic Testing Campaign

Retrieved on: 
Tuesday, March 12, 2024
Security, Manufacturing, Environment, Other Science, White House, Federal Government, Research, Other Technology, Software, Hardware, Science, Technology, Public Policy, Government, Other Energy, Utilities, Alternative Energy, Energy, Recycling, Nuclear, Engineering, Oklo, Inc., Argonne National Laboratory, Safety, Multimedia

Oklo Inc. (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, has successfully completed the second phase of the Thermal Hydraulic Experimental Test Article (“THETA”) testing campaign in collaboration with Argonne National Laboratory.

Key Points: 
  • Oklo Inc. (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, has successfully completed the second phase of the Thermal Hydraulic Experimental Test Article (“THETA”) testing campaign in collaboration with Argonne National Laboratory.
  • View the full release here: https://www.businesswire.com/news/home/20240312674100/en/
    The THETA testing campaign is strategically focused on key thermal-hydraulic behavior of Oklo’s fast fission reactor design.
  • Ultimately, the THETA testing campaign enables the opportunity to further improve the demonstrated safety and economic potential of bringing Oklo’s fast fission technology to market.
  • Oklo shared costs for the work done at Argonne National Laboratory with funding from a Department of Energy Gateway for Accelerated Innovation in Nuclear voucher.

Oklo to Host Investor Day on Friday, February 2, 2024

Retrieved on: 
Friday, January 19, 2024
Environment, Utilities, Public Policy, Government, Alternative Energy, Green Technology, Energy, Government Technology, Nuclear, White House, Federal Government, Defense, Entrepreneurship, Inc., Multimedia, Oklo, Acquisition, ALCC, Technology, Software, Hardware, Security

Oklo Inc. (“Oklo”), an advanced fission technology and nuclear fuel recycling company, today announced that it will host an Investor Day on Friday, February 2, 2024 from 9:00 a.m. to 11:30 a.m.

Key Points: 
  • Oklo Inc. (“Oklo”), an advanced fission technology and nuclear fuel recycling company, today announced that it will host an Investor Day on Friday, February 2, 2024 from 9:00 a.m. to 11:30 a.m.
  • As previously announced on July 11, 2023, Oklo and AltC Acquisition Corp. (“AltC”) (NYSE: ALCC), a special purpose acquisition company, entered into a definitive business combination agreement.
  • The business combination is expected to close in early 2024, subject to stockholder approvals and the satisfaction of all other closing conditions.
  • Upon completion of the transaction, the combined company will operate as Oklo and is expected to be listed on the New York Stock Exchange under the ticker “OKLO.”

Yotta, a New Event from DatacenterDynamics, to Focus on the Future of Digital Infrastructure

Retrieved on: 
Wednesday, November 1, 2023
Research, Advisory board, Dell EMC, Ampere Computing, Original equipment manufacturer, Digital Realty, Software, Multimedia, Uber, Open Compute Project, Dell, Up4Sale, Ecosystem, Telecommunications Industry Association, ML, 451 Group, Hyperscale computing, Investment, AI, MGM Grand, Manhattan Institute for Policy Research, Video game, Management, Microsoft, Metric prefix, Cloudflare, Oklo, Equinix

NEW YORK, Nov. 1, 2023 /PRNewswire/ -- Yotta Events Inc., a subsidiary of InfraXmedia Holdings and sister company to London-based DatacenterDynamics, introduces Yotta 2024, a large-scale conference and tradeshow that will gather senior executives from across the digital infrastructure ecosystem to explore solutions to how the industry can scale responsibly.

Key Points: 
  • Yotta Events launches a new, large-scale conference focused on the digital infrastructure industry.
  • Yotta ( www.yotta.vegas ) will be held Oct. 7-9, 2024 at the MGM Grand in Las Vegas, and will feature 2,500+ attendees, 150+ speakers, 100+ sponsors and exhibitors.
  • Yotta is founded by George Rockett, who also co-founded DatacenterDynamics in 1998, a leading global media and events platform focused on the data center segment.
  • Yotta has gained considerable early support from leaders from all the crucial sectors of the industry.

Oklo Honored on TIME's Best Inventions List for 2023

Retrieved on: 
Tuesday, October 24, 2023
Environment, Sustainability, Green Technology, Environmental Health, Energy, Nuclear, Aurora, TIME, Recycling, Invention, U.S. Department of Energy, Office of Inspector General, U.S. Department of Defense Strategy for Operating in Cyberspace, AI, Inc., Entrepreneurship, Multimedia, Uranium mining, Oklo

Oklo Inc., an advanced fission power technology and nuclear fuel recycling company, is honored to announce its selection to TIME's Best Inventions of 2023 list , in the “Reuse and Recycle” category.

Key Points: 
  • Oklo Inc., an advanced fission power technology and nuclear fuel recycling company, is honored to announce its selection to TIME's Best Inventions of 2023 list , in the “Reuse and Recycle” category.
  • View the full release here: https://www.businesswire.com/news/home/20231024683859/en/
    Oklo Aurora powerhouse named to TIME's list of the Best Inventions of 2023 (Image: Gensler)
    The fuel recycling capabilities that Oklo is developing have the potential to turn what is now an expensive liability into an asset to transform clean energy availability and costs.
  • Being selected to TIME's Best Inventions of 2023 list is a testament to this incredible potential and the Oklo team,” said Jacob DeWitte, Co-Founder and CEO of Oklo.
  • The U.S. Department of Energy has selected Oklo and its partners for four different cost-share awards to commercialize advanced fuel recycling technologies.

AltC Acquisition Corp. and Oklo Announce Filing of Registration Statement on Form S-4 in Connection with Proposed Business Combination

Retrieved on: 
Wednesday, September 27, 2023
United States Army Acquisition Corps, Memorandum of understanding, Eielson Air Force Base, ALCC, HALEU, NYSE, Register, Acquisition, Registration statement, Form, CFO, Security (finance), Centrus Energy, Oklo

The Registration Statement contains a preliminary proxy statement/prospectus/consent solicitation statement in connection with the proposed business combination between Oklo and AltC (the "transaction").

Key Points: 
  • The Registration Statement contains a preliminary proxy statement/prospectus/consent solicitation statement in connection with the proposed business combination between Oklo and AltC (the "transaction").
  • While the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides important information about Oklo, AltC, and the transaction.
  • As announced on July 11, 2023, Oklo intends to go public through the proposed transaction.
  • Upon completion of the transaction, the combined company will operate as Oklo and is expected to be listed on the New York Stock Exchange under the ticker "OKLO."

Oklo Appoints R Craig Bealmear as Chief Financial Officer

Retrieved on: 
Thursday, September 7, 2023
Software, Hardware, Utilities, Nuclear, Alternative Energy, Energy, Technology, Defense, Other Policy Issues, Security, Government Technology, Public Policy, Government, Aurora, Treasury, Inc., United States Army Acquisition Corps, Memorandum of understanding, University, Watt, Bellarmine University, Business, Wharton School of the University of Pennsylvania, University of Pennsylvania, Multimedia, MBA, Sale, HALEU, Business administration, Wharton, Acquisition, BP, Louisville, Kentucky, MSI, Renewable Energy Group, CFO, Growth, REG, Management, Renewable energy, Centrus Energy, Science, Oklo

Oklo Inc. (“Oklo” or the “Company”), an advanced fission technology and nuclear fuel recycling company, has appointed R Craig Bealmear as Chief Financial Officer.

Key Points: 
  • Oklo Inc. (“Oklo” or the “Company”), an advanced fission technology and nuclear fuel recycling company, has appointed R Craig Bealmear as Chief Financial Officer.
  • With over thirty years of experience in financial and commercial leadership, particularly in public company settings, Bealmear will play a pivotal role in Oklo’s continued growth and lead the Company’s financial strategy.
  • In his role as CFO, Bealmear will hold a critical position overseeing all corporate financial functions.
  • View the full release here: https://www.businesswire.com/news/home/20230907412656/en/
    Oklo appoints R Craig Bealmear as Chief Financial Officer (Image: R Craig Bealmear)
    “We are excited to welcome Craig to the Oklo team.

Oklo Selected to Provide Clean and Resilient Power to Eielson Air Force Base

Retrieved on: 
Thursday, August 31, 2023
Technology, Utilities, Nuclear, Public Policy, Government, Alternative Energy, Energy, Air, Defense, Transport, Software, Contracts, Hardware, Government Technology, Other Policy Issues, Nuclear Regulatory Commission, Eielson Air Force Base, National security, Deputy Assistant Secretary of the Air Force (Energy), Electricity, Multimedia, Steam, Acquisition, United States Department of Defense, Air force, Entrepreneurship, Safety, United States Department of the Air Force, Fiscal, Renewable energy, Uranium mining, Oklo

The Defense Logistics Agency Energy on behalf of the United States Air Force has issued a Notice of Intent to Award a contract to Oklo Inc. to provide power and heat at the Eielson Air Force Base as part of the Air Force's micro-reactor pilot program.

Key Points: 
  • The Defense Logistics Agency Energy on behalf of the United States Air Force has issued a Notice of Intent to Award a contract to Oklo Inc. to provide power and heat at the Eielson Air Force Base as part of the Air Force's micro-reactor pilot program.
  • This project represents a significant stride towards ensuring a clean and resilient energy supply for critical national security infrastructure.
  • View the full release here: https://www.businesswire.com/news/home/20230831444959/en/
    This selection initiates the acquisition process to potentially award a contract to Oklo.
  • Oklo would obtain a license for its power plant from the Nuclear Regulatory Commission, construct the power plant, and operate it to deliver both electricity and steam to the Eielson Air Force Base under a long-term power purchase agreement executed by the Defense Logistics Agency Energy.

Oklo and Centrus Energy Sign Memorandum of Understanding for Fuel, Components, and Power Procurement to Support the Deployment of Advanced Fission Technologies in Southern Ohio

Retrieved on: 
Monday, August 28, 2023
Technology, Security, Utilities, Public Policy, Government, Software, Alternative Energy, Energy, Nuclear, Hardware, State, Local, Letter, Inc., Partnership, Electricity, Idaho National Laboratory, Power, Uranium, Multimedia, DOE, Primary energy, HALEU, Congress, Plant, Administration, MOU, NYSE, Uranium mining, Renewable energy, Centrus Energy, Oklo

Oklo and Centrus have been partners since 2021 when the companies signed a Letter of Intent to cooperate in the development of a High-Assay, Low-Enriched Uranium (“HALEU”) fuel facility.

Key Points: 
  • Oklo and Centrus have been partners since 2021 when the companies signed a Letter of Intent to cooperate in the development of a High-Assay, Low-Enriched Uranium (“HALEU”) fuel facility.
  • Centrus also intends to buy clean, reliable, and affordable energy from Oklo’s planned Ohio plants to power its HALEU Production Facility.
  • Centrus would purchase electricity from the Aurora powerhouses that Oklo is planning to build in Piketon.
  • Oklo has a partnership with Southern Ohio Diversification Initiative at the DOE Piketon Site for its second and third commercial plants.

Ocean Tomo, a part of J.S. Held Serves as Financial Advisor to AltC Acquisition Corp. in Advanced Nuclear Oklo Transaction

Retrieved on: 
Tuesday, July 25, 2023
United States Army Acquisition Corps, Morgan, Lewis & Bockius, Fairness opinion, Economics, Acquisition, Ocean Tomo, Oklo

CHICAGO, July 25, 2023 /PRNewswire-PRWeb/ -- Ocean Tomo, a part of J.S. Held, acted as financial and technical advisor to AltC Acquisition Corp., a special purpose acquisition company co-founded by Sam Altman and Churchill Capital, in its acquisition of Oklo, Inc., an advanced fission technology and nuclear fuel recycling company.

Key Points: 
  • Held, served as financial advisor to AltC Acquisition Corp., supporting the acquisition of Oklo at a pre-money valuation of approximately $850M.
  • Held, acted as financial and technical advisor to AltC Acquisition Corp., a special purpose acquisition company co-founded by Sam Altman and Churchill Capital, in its acquisition of Oklo, Inc., an advanced fission technology and nuclear fuel recycling company.
  • As financial and technical advisors, we performed a detailed assessment of Oklo's nuclear reactor technology, license applications, and regulatory approvals.
  • We also conducted a benchmark analysis of Oklo compared to other advanced nuclear and alternative energy technologies and market participants.

Oklo, an Advanced Fission Technology Company, to Go Public via Merger with AltC Acquisition Corp.

Retrieved on: 
Tuesday, July 11, 2023
Technology, Security, Other Energy, Utilities, Alternative Energy, Software, Energy, Nuclear, Hardware, Aurora, Inc., Partnership, United States Army Acquisition Corps, Intelligence, ALCC, Multimedia, Nuclear energy, Acquisition, Y Combinator, NYSE, Renewable energy, Oklo

Oklo Inc. (“Oklo” or the “Company”), an advanced fission technology and nuclear fuel recycling company, and AltC Acquisition Corp. (“AltC”) (NYSE: ALCC), a special purpose acquisition company, announced today that they have entered into a definitive business combination agreement (the “transaction”).

Key Points: 
  • Oklo Inc. (“Oklo” or the “Company”), an advanced fission technology and nuclear fuel recycling company, and AltC Acquisition Corp. (“AltC”) (NYSE: ALCC), a special purpose acquisition company, announced today that they have entered into a definitive business combination agreement (the “transaction”).
  • Mr. Altman serves as CEO of AltC and has served as Chairman of Oklo since 2015.
  • I think the two most important inputs to a great future are abundant intelligence and abundant energy.
  • I am excited to support this important milestone for Oklo and look forward to continuing to build the business with Jake and Caroline as a public company.”