Olo discusses Q1 2026 financial results, strategic progress including customer pipeline growth, Aurora powerhouse development, NRC approvals, and isotope business advancements. Highlights include nuclear industry shifts, space nuclear power initiatives, and expanding demand for reliable energy solutions.

The NRC's Part 57 aims to expedite licensing for smaller, repeatable reactors through standardized reviews and leveraging existing operational experience, aligning with Oakley's fleet deployment strategy. This modernization supports Oakley's execution across power, fuel, and isotope businesses, emphasizing integrated platform scaling and market demand fulfillment.

Oklo is advancing its integrated nuclear business model, connecting fuel fabrication, power production, and isotope production. Key milestones include submitting safety analyses, partnering with industry leaders for AI integration, and progressing on fuel recycling and isotope production facilities, all aimed at unlocking revenue opportunities and accelerating asset deployment.

Aurora Fuel Fabrication facility at INL advances with approvals for safety agreements and design analyses. Construction activities are underway, with major milestones including contract awards and startup approvals. Collaboration with Nvidia and Los Alamos National Laboratory focuses on AI-enabled nuclear fuel validation, accelerating development and supporting the technical foundation for plutonium bearing fuel. The Tenancy Advanced Fuel Center progresses toward recycling capabilities, aligning with DOE's shift from once-through fuel cycles to reprocessing. These initiatives underscore a strategic connection between nuclear power and fuel strategies, addressing critical infrastructure needs.

The dialogue highlights significant regulatory milestones, including the approval of safety agreements and design criteria for nuclear reactors. It outlines ongoing site execution at INL, procurement progress, and AI integration in design. Additionally, it discusses the strategic development of the Ohio campus, the Aurora Air Force Base project, and the broader applications of distributed nuclear power for mission-critical defense operations, emphasizing resilience and energy security.

Groves facility's rapid construction and regulatory advancements exemplify a faster nuclear asset deployment model. The Idaho Radiochemistry Laboratory's NRC authorization supports early commercial isotope activities, with a pending first contract. Together, these developments highlight the platform's progress toward commercial isotope supply.

The board of directors has been expanded to include experts in energy, infrastructure, finance, and technology, aligning with Okla's strategy to develop a vertically integrated business across fuel, power, and isotopes, enhancing the company's execution capabilities.

Oakland reports Q1 net loss but highlights strategic investments in power, fuel, and isotopes, backed by a strong balance sheet. The company focuses on clean energy demand, diversified fuel strategies, and isotope opportunities, aiming for scalable nuclear platform growth.

Discussed fuel procurement strategies, including partnerships with enrichment companies and leveraging government resources for high-end risk uranium and surplus plutonium. Emphasized a multi-pathway approach to secure fuel for Ohio plants, aiming for a transition to recycled fuel. Highlighted the unique capabilities of fast reactors to utilize various fuel sources, and noted emerging capital support for these initiatives.

The discussion highlights the use of plutonium as a fuel source in fast reactors, emphasizing its advantages over uranium due to its concentrated form and existing surplus. Challenges include handling and usage management, though these are deemed manageable given historical research and development. Plutonium's utilization offers a significant fuel resource, equivalent to large amounts of uranium, aiding in the rapid deployment of reactors and reducing the need for immediate large-scale uranium supply chains.

Discussion focuses on the transition from DOE to NRC licensing, emphasizing Part 57 as a regulatory advancement. Key points include its performance-based approach, expected implementation later this year, and alignment with fleet-based licensing strategies. The dialogue highlights the significance of Part 57 in modernizing regulations and its potential to streamline processes for reactor licensing.

The dialogue highlights the culmination of extensive work spanning over a decade, emphasizing its transformative impact on the industry. It reflects on collaborative efforts since 2016, expressing excitement about the outcomes and their future implications.

Discussion revolves around the duration for PJM Interconnection requests, indicating a timeframe measured in months to over a year. It is emphasized that approval for interconnection is independent of the NRC's regulatory process, highlighting a clear disconnect between the two timelines.

Two strategic collaborations are highlighted: one with Nvidia and LANL focusing on AI-enhanced plutonium chemistry and material handling; the other with INL on gentek AI workflows for reactor design, licensing, and construction. Both partnerships aim to accelerate technology development, streamline processes, and enhance material handling, showcasing the synergy of AI in advancing nuclear reactor projects.

Collaboration with INL and AI integration accelerates reactor design and analysis, aiming for efficiency gains and scalability across various power outputs, from 15 MW cogeneration facilities to 75 MW standard designs, emphasizing strategic flexibility and technological continuity.

The dialogue discusses the strategic planning around financing nuclear reactors, emphasizing the exploration of government and asset-level financing to potentially lower capital costs and accelerate deployment. It highlights the market focus on moderate temperature reactors for process heat applications, noting the vast majority of market demand lies below 450 degrees Celsius, and touches on regulatory pathways and potential benefits from defense innovation programs.

The dialogue highlights significant achievements in constructing a nuclear reactor within 229 days, strategic advancements in fuel sourcing and regulatory approvals, and the benefits of converting AE authorization to an NC license. It emphasizes the company's ability to innovate in nuclear construction, solve for fuel challenges, and navigate regulatory landscapes effectively.