Oklo Enters into Land Rights Agreement to Advance Deployment of Two Powerhouses in Southern Ohio
Oklo Inc. (“Oklo”), an advanced fission technology and nuclear fuel recycling company, is pleased to announce the signing of an Option and Right of First Refusal to Purchase Real Estate (the “land rights agreement”) with the non-profit Southern Ohio Diversification Initiative (“SODI”) for land including options for the siting of two powerhouses.
- Oklo Inc. (“Oklo”), an advanced fission technology and nuclear fuel recycling company, is pleased to announce the signing of an Option and Right of First Refusal to Purchase Real Estate (the “land rights agreement”) with the non-profit Southern Ohio Diversification Initiative (“SODI”) for land including options for the siting of two powerhouses.
- Subject to the terms and conditions of the land rights agreement and in exchange for an upfront fee, which will be credited toward any purchase by Oklo under the land rights agreement, SODI has granted Oklo an option and right of first refusal to purchase land in Southern Ohio from SODI.
- Upon completion of the remediation of land at PORTS, the DOE allocates the revitalized land to SODI for use in economic development.
- This agreement marks a significant step forward in Oklo's commitment to deploying clean, reliable, and affordable energy solutions.