Oklo Stock Rises on Nuclear Fuel Agreement. Why These Analysts Are Bullish.
Oklo, the nuclear power start-up, announced Tuesday that it had entered into a partnership to explore ways to recycle and reprocess nuclear fuel on a shared campus.Oklo said it had signed a memorandum of understanding with nuclear fuel developer Lightbridge to evaluate plans to co-locate their commercial fuel fabrication facilities.
Lightbridge, Oklo to Explore Co-Located Advanced Nuclear Fuel Fabrication Facilities
Two much-watched advanced nuclear fuel technology companies—Oklo and Lightbridge—will consider co-locating their commercial metallic fuel fabrication facilities to explore synergies and potentially accelerate innovation across the nuclear supply chain.
Lightbridge and Oklo aim to co-locate fuel fabrication facilities
Advanced nuclear fuel company Lightbridge and nuclear power plant developer Oklo have signed a memorandum of understanding for a feasibility study into co-locating their planned fuel fabrication facilities and to explore potential for collaboration in recycling nuclear waste.
Lightbridge and Oklo Sign MOU to Explore Co-Location of Commercial Fuel Fabrication Facilities and Collaboration on Advanced Fuel Recycling
Seth Grae, President and CEO of Lightbridge, commented: "This collaboration with Oklo represents an important strategic step in shaping the future of clean energy. The potential co-location of our commercial fuel fabrication facilities could offer significant synergies in terms of upfront capital expenditures and ongoing operating costs.
Oklo, Lightbridge sign MoU to explore co-Location of commercial fuel fabrication plants
Oklo (NYSE:OKLO) said Tuesday it signed a memorandum of understanding with Lightbridge (LTBR) to conduct a feasibility study to co-locate a Lightbridge commercial-scale fuel fabrication facility at Oklo's proposed commercial fuel fabrication plant and to explore ways to recycle nuclear waste.
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