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SANTA CLARA, Calif.--(BUSINESS WIRE)-- Oklo Inc., an advanced fission power technology and nuclear fuel recycling company, is honored to announce its selection to TIME's Best Inventions of 2023 list, in the “Reuse and Recycle” category. This recognition highlights the fuel recycling capabilities that Oklo is developing to recycle used nuclear fuel, part of what is referred to as nuclear waste, into fuel to create clean energy.
The fuel recycling capabilities that Oklo is developing have the potential to turn what is now an expensive liability into an asset to transform clean energy availability and costs. Existing nuclear fuel waste in the United States, which, if recycled for use as fuel in an advanced fission power plant, would contain enough energy to power the entire United States for over 100 years. Corollary to the recycling of nuclear fuel waste is the potential to significantly lower the cost of reliable and clean power it would produce.
“Oklo’s vision is to develop clean, reliable, and affordable energy solutions at scale. With our nuclear waste recycling capabilities, we’re positioned to unlock additional economic opportunities and produce new advanced reactor fuel supplies. Being selected to TIME's Best Inventions of 2023 list is a testament to this incredible potential and the Oklo team,” said Jacob DeWitte, Co-Founder and CEO of Oklo.
The U.S. Department of Energy has selected Oklo and its partners for four different cost-share awards to commercialize advanced fuel recycling technologies. Furthermore, Oklo is planning the construction of a commercial-scale fuel recycling facility in the United States by the 2030s.
In order to identify the list of best inventions, TIME first solicits nominations from its editors and correspondents around the world, paying special attention to growing fields—such as AI, green energy, and sustainability. TIME then evaluates each contender on a number of key factors, including originality, efficacy, ambition, and impact.
See the full list here: time.com/best-inventions-2023
About Oklo Inc.: Oklo Inc. is developing next-generation fast fission power plants to provide clean, reliable, and affordable energy at scale. Oklo received a site use permit from the U.S. Department of Energy, was awarded fuel material from Idaho National Laboratory, submitted the first advanced fission custom combined license application to the Nuclear Regulatory Commission, and is developing advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and U.S. National Laboratories.
On July 11, 2023, Oklo and AltC Acquisition Corp. (“AltC”) (NYSE: ALCC) announced that they have entered into a definitive business combination agreement that upon closing would result in the combined company to be listed on the New York Stock Exchange under the ticker symbol “OKLO.”
About AltC Acquisition Corp.: AltC Acquisition Corp. was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.