Altman-Backed Oklo Rises on US Nuclear Reactor Fuel Program (1)

Oklo Inc. shares jumped after the the Sam Altman-backed reactor technology company said it’s in talks to participate in a US Department of Energy program to supply nuclear fuel, an effort aimed at relieving potential bottlenecks that threaten to slow the deployment of fission power.

Oklo was selected for advanced negotiations under the department’s Surplus Plutonium Utilization Program, which will make excess plutonium available to be converted into reactor fuel, the Santa Clara, California-based company said in a statement Tuesday. Oklo, which was selected with four other participants, will partner with the European nuclear provider Newcleo to use the material. ...