Oklo Inc.

Oklo, founded in 2013, develops clean, reliable, and affordable energy solutions. The company addresses the increasing global electricity demand by producing electricity and heat from its Aurora powerhouses. These powerhouses can operate using fresh, recycled, or down-blended nuclear fuel. Oklo is also commercializing nuclear fuel recycling technology, which converts used nuclear fuel into usable fuel for its own powerhouses and those of other entities. The fast fission reactor technology Oklo is commercializing was previously demonstrated by the Experimental Breeder Reactor-II ("EBR-II"), a fast fission plant operated by the U.S. government for 30 years. The Aurora powerhouse product line builds on this technology. Aurora powerhouses are designed with embedded safety features and can produce 15-75 megawatts electric ("MWe"), with potential to expand to 100 MWe and higher. By utilizing high-energy, or "fast," neutrons, Aurora powerhouses are expected to access energy reserves in existing used nuclear fuel from conventional nuclear power generation facilities. Conventional facilities use approximately 5% of the energy content in nuclear fuel. The U.S. nuclear power industry has produced approximately 20% of U.S. electricity over the last 30 years, generating over 90,000 metric tons of used nuclear fuel. Oklo estimates that the energy reserves in U.S. used nuclear fuel, accessible through its fast fission reactor technology, are equivalent to approximately 1.2 trillion barrels of oil equivalent (BOE). Fission produces approximately 50 million times more energy than combustion.