Oklo Inc. (NYSE: OKLO), an advanced nuclear technology company, announced today that it has signed a memorandum of understanding (MOU) with Korea Hydro & Nuclear Power (KHNP), a leader in nuclear operation and construction. The agreement outlines plans to collaborate on the development and global deployment of Oklo’s advanced nuclear technology.
Under the MOU, KHNP and Oklo intend to explore opportunities to jointly advance the standard design development and verification of Oklo’s planned Aurora powerhouse. The parties also plan to cooperate on early-stage project development efforts, including manufacturability assessments and planning of major equipment, supply chain development for balance of plant systems, and constructability assessments and planning.
Oklo plans to deploy its 75 MWe Aurora powerhouse at the Idaho National Laboratory site and is currently advancing through the licensing process. The company is engaged with the U.S. Nuclear Regulatory Commission in a Pre-Application Readiness Assessment and intends to submit a formal Combined License Application (COLA) later this year. Oklo also plans to file follow-on applications to support its growing order pipeline, which exceeds 14 GW. Unlike the traditional approach, which requires separate construction and operating licenses, the COLA allows both to be granted simultaneously, streamlining the overall licensing process.
Read more in Business Wire here.
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