The U.S. Department of Energy's decision to pick Oklo (OKLO) for its Surplus Plutonium Utilization Program sent a clear message through the advanced nuclear sector. Oklo shares jumped 4.28% on Tuesday morning after the company was selected for advanced negotiations to convert surplus plutonium into bridge fuel for next-generation reactors.
This announcement comes at a time when nuclear energy is making a real comeback globally, nearly four decades after the Chernobyl disaster, driven by massive power needs from AI infrastructure. President Trump's executive orders from last year were designed to speed up approvals and expand nuclear capacity, creating favorable policy conditions for companies like Oklo.
