Advanced nuclear tech company announces $1.7B expansion in Oak Ridge

Oklo Inc. officials announced the company has selected Oak Ridge as the location of a nearly $1.7 billion expansion. Oklo, an advanced nuclear technology company, will create more than 800 new jobs through the project, which includes the development of an advanced nuclear fuel recycling facility on a 247-acre site at the Oak Ridge Heritage Center. The facility will recycle used nuclear fuel from today’s operating fleet, establishing the nation’s first privately funded nuclear recycling capability and providing a durable, domestic fuel supply for advanced reactors. Oklo is the fifth company to locate in Tennessee utilizing the Nuclear Energy Fund, which assists nuclear power-related businesses choosing to relocate or grow in the Volunteer State and supports the state’s universities and research institutions in further developing their nuclear education programs.