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It has been about three months since the Department of Energy named 10 companies for its new Reactor Pilot Program, which set an ambitious goal of having three reactors achieve criticality by July 4, 2026.
The race to bring test reactors on line by July 4, 2026, got a boost today when the Department of Energy unveiled the names of 10 companies selected for the Nuclear Reactor Pilot Program—a new pathway that allows reactor authorization outside national labs.
As first outlined in one of the four executive orders on nuclear energy released by President Trump on May 23 and in the request for applications for the Reactor Pilot Program released June 18, the companies must use their own money and sites—and DOE authorization—to get reactors operating. What they won’t need is a Nuclear Regulatory Commission license.
Oklo Inc. has that it has signed a letter of intent to acquire Atomic Alchemy Inc., a U.S.-based radioisotope production company. The two companies announced a strategic partnership earlier this year.
Fast reactor developer Oklo, which recently went public on the New York Stock Exchange, announced on May 13 that it has signed a memorandum of understanding with Atomic Alchemy to cooperate on the production of radioisotopes for medical, energy, industry, and science applications.