Oklo Inc. (NYSE:OKLO), an advanced nuclear technology company, announced today that it has been selected by the U.S. Department of Energy (DOE), along with three other companies, for the Advanced Nuclear Fuel Line Pilot Projects.

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Oklo Inc. (Image: Oklo)

Similar to the DOE's Reactor Pilot Program, in which Oklo was also selected to participate, the Fuel Line Pilot Projects are designed to accelerate the permitting, construction, and operation, drive private sector investment, and create a fast-track approach to licensing.

Under DOE's Fuel Line Pilot Projects, Oklo will build and operate three fuel-fabrication facilities to support the deployment of advanced reactors. This work aligns with DOE's objective to ensure a robust domestic supply of advanced nuclear fuel for research, development, and demonstration purposes, including projects within the Reactor Pilot Program.

In August 2025, Oklo and its subsidiary Atomic Alchemy, an innovator in radioisotope production, were selected for three of DOE's 11 projects under the Reactor Pilot Program. The program follows executive orders signed in May 2025 aimed at reinvigorating America's nuclear energy industry.

"We are honored to be selected by DOE for these historic projects that will help restore America's nuclear fuel supply chain," said Oklo co-founder and CEO Jacob DeWitte. "Through the Fuel Line Projects and Reactor Pilot Programs, DOE is laying the groundwork for the next wave of nuclear development and deployment, and Oklo is proud to contribute by building the advanced fuel infrastructure needed to deploy our powerhouses and strengthen U.S. energy security."

These DOE selections add to Oklo's recent progress. On September 4, 2025, Oklo announced a Fuel Recycling Facility as the first phase of an Advanced Fuel Center in Tennessee, with a total investment of up to $1.68 billion. On September 22, 2025, Oklo broke ground on its first Aurora powerhouse at the Idaho National Laboratory in Idaho.

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 U.S. National Laboratories.

Forward-Looking Statements

This press release includes statements that express Oklo's opinions, expectations, objectives, beliefs, plans, intentions, strategies, assumptions, forecasts or projections regarding future events or future results and therefore are, or may be deemed to be, "forward-looking statements." The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" or, in each case, their negative or other variations or comparable terminology, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, results of operations, financial condition, liquidity, prospects, growth, strategies and the markets in which Oklo operates. Such forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties.

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; risks related to the costs and availability of fuel, including high-assay low-enriched uranium ("HALEU"), plutonium, and recycled fuels; changes in applicable laws or regulations; and the outcome of any government and regulatory proceedings and investigations and inquiries.

The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties of the other documents filed by Oklo from time to time with the U.S. Securities and Exchange Commission. The forward-looking statements contained in this press release and in any document incorporated by reference are based on current expectations and beliefs concerning future developments and their potential effects on Oklo. There can be no assurance that future developments affecting Oklo will be those that Oklo has anticipated. Oklo undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

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Media and Investor Contact for Oklo:

Bonita Chester, Head of Communications and Media at media@oklo.com

Investor Contact:

Sam Doane, Director of Investor Relations at investors@oklo.com

Oklo Selected by U.S. Department of Energy for Advanced Nuclear Fuel Line Pilot Projects