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Oklo has received its first license from the Nuclear Regulatory Commission, allowing the nuclear startup to begin producing and selling isotopes from “across medicine, research, advanced manufacturing, and national security.”
The approval makes the California-based company the first of the cohort of fourth-generation reactor startups whose technologies use coolants other than water to get the green light to start up a commercial operation of any kind. Once operational, it will also allow
$Oklo to begin generating revenue for the first time. The NRC has given out permits to rival fourth-generation companies only for construction activities. The Bill Gates-backed TerraPower, for instance, was granted permission to begin construction on its first commercial power plant in Wyoming, as was the Google-backed Kairos Power for its demonstration facility in Oak Ridge, Tennessee.
The permit for the facility, dubbed Atomic Alchemy and located at the Idaho Radiochemistry Laboratory, authorizes the company to “receive, possess, use, store, and conduct” chemical and mechanical processing, packing, manufacturing, and distribution of a limited amount of Radium-226, which is used to make advanced cancer treatments. “Demand for critical isotopes is rising, but U.S. supply remains limited,” Jacob DeWitte, Oklo’s chief executive and co-founder, said in a statement.
“This work helps create a more resilient and dependable domestic supply chain of isotopes and supports the transition from early operations to durable, commercial isotope production in the United States.” The license grants the company a foothold in one of its core businesses. On top of designing liquid sodium-cooled microreactors the startup plans to own and operate for electricity production, Oklo is building out a division to reprocess and recycle nuclear waste into fresh fuel for its power plants. That business, too, would involve extracting and selling high-priced medical isotopes from spent fuel, and Atomic Alchemy lays the groundwork for that future effort. To construct this debut facility, Oklo plans to build four non-power Versatile Isotope Production Reactors systems with a capacity of about 15 megawatts-thermal each.