Oklo says engaging with Nuclear Regulatory Commission in readiness assessment

Oklo (NYSE:OKLO) +5.3% pre-market Monday after saying it is engaging with the U.S. Nuclear Regulatory Commission in a pre-application readiness assessment for its combined license application for its Aurora Powerhouse at the Idaho National Laboratory.

The readiness assessment allows NRC staff to review and familiarize themselves with Oklo's (NYSE:OKLO) licensing materials ahead of the full application review so that both sides can prepare for an efficient application review, the company said.

Oklo (OKLO) said the NRC will begin the readiness assessment this month, designed to specifically address the content of the first phase of the combined license application submission, which will include information on the siting and environmental portions of the application.

The company plans to submit a formal COLA later this year, with plans for follow-on applications to fulfill its order pipeline of more than 14 GW.

"We continue making progress towards obtaining commercial licenses for next-generation nuclear technologies," co-foudner and CEO Jacob DeWitte said.