Sam Altman to serve as chairman of newly appointed board of directors for Oklo AltC to deliver $306 million of gross proceeds to accelerate Oklo's business plan Business combination expected to close May 9, 2024 NEW YORK, May 7, 2024 /PRNewswire/ -- AltC Acquisition Corp. ("AltC") (NYSE:ALCC), a special purpose acquisition company, is pleased to announce that in a special meeting held today, AltC stockholders voted to approve the business combination between AltC and Oklo Inc. ("Oklo"), a fast fission clean power technology and nuclear fuel recycling company. Almost 100% of the votes cast at the meeting, representing approximately 72.7% of AltC's outstanding shares, voted to approve the bus
NEW YORK and SANTA CLARA, Calif., April 25, 2024 /PRNewswire/ -- AltC Acquisition Corp. ("AltC") (NYSE:ALCC), a special purpose acquisition company, and Oklo Inc. ("Oklo"), a fast fission clean power technology and nuclear fuel recycling company, today announced that a special meeting of AltC stockholders (the "Special Meeting") to approve the proposed business combination between AltC and Oklo (the "transaction") has been scheduled for May 7, 2024. "We are excited to reach this important milestone in Oklo's journey towards delivering clean, reliable, and affordable power," sa
Oklo and Diamondback Energy signed a non-binding letter of intent (the "LOI") to collaborate on a 20-year Power Purchase Agreement. Diamondback aims to use Oklo's Aurora powerhouses to power its operations in the Permian Basin. Oklo Inc. ("Oklo"), a fast fission clean power technology and nuclear fuel recycling company, announces an agreement with Diamondback Energy Inc. ("Diamondback") (NASDAQ:FANG), the largest independent producer headquartered in the shale-oil region to collaborate on a long-term Power Purchase Agreement ("PPA"). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240408533423/en/Oklo's Aurora powerhouse (
Oklo and Argonne have successfully completed the second phase of the testing campaign at the Thermal Hydraulic Experimental Test Article. The 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 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 coll
Agreement represents a significant step towards the deployment of two powerhouses, building on last year's announcement of a non-binding MOU with SODI. The land is revitalized by the DOE and deeded to or expected to be deeded to SODI as a community reuse organization for purposes of economic development. 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. This press release features multimedi
Oklo Inc. ("Oklo"), a fast fission clean power technology and nuclear fuel recycling company, has announced that the U.S. Department of Energy (DOE) has reviewed and approved the Safety Design Strategy (SDS) for the Aurora Fuel Fabrication Facility at Idaho National Laboratory (INL). The Aurora Fuel Fabrication Facility is being designed to demonstrate the reuse of recovered nuclear material to support Oklo's planned commercial advanced fission power plant demonstration at INL. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240131031965/en/Photo of the Aurora Fuel Fabrication Facility, Courtesy Idaho National Laboratory Oklo was
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. ET. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240119125606/en/Oklo's Aurora powerhouse (Image: Gensler) Jacob DeWitte, Co-Founder and Chief Executive Officer; Caroline Cochran, Co-Founder and Chief Operating Officer; Craig Bealmear, Chief Financial Officer; Sam Altman, Chairman; and other senior leaders will provide commentary on Oklo's business model, technology, recent commercial and operational developments and go-to-market strate
Siemens Energy would become Oklo's preferred supplier for steam turbines and generator technology for its Aurora powerhouse. Siemens Energy would also provide consulting to support Oklo in related design work to optimize the integration of the power conversion systems (conventional island). This partnership will help develop capability for scale-up of the Aurora powerhouse deployments. Oklo Inc., a fast fission clean power technology and nuclear fuel recycling company, has signed a memorandum of understanding with Siemens Energy. This agreement designates Siemens Energy to potentially become Oklo's preferred supplier for rotating equipment of the power conversion system (conventio
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. This recognition highlights the fuel recycling capabilities that Oklo is developing to recycle used nuclear fuel, part of what is referred to as nuclear waste, into fuel to create clean energy. This press release features multimedia. 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 i
In Excess of $300 Million Will Remain in AltC's Trust Account after Stockholder Redemptions Deadline for Redemption Reversals is Extended to 5:00 p.m. Eastern Time on October 11, 2023 NEW YORK, Oct. 5, 2023 /PRNewswire/ -- AltC Acquisition Corp. (NYSE:ALCC) ("AltC"), a publicly-traded special purpose acquisition company, today announced that in a special meeting of AltC's stockholders held today at 11:00 a.m. Eastern Time, its stockholders voted to approve a proposal to extend the date by which AltC may consummate a business combination from October 12, 2023, to July 12, 2024.
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