The nuclear startup has received the greenlight from the Department of Energy to conduct site investigations for the planned reactor in Idaho Falls, Idaho.

Nuclear startup Oklo said on Wednesday that it has finalized an agreement with the U.S. Department of Energy for carrying out site investigations related to the company's proposed small nuclear reactor in Idaho.

Nuclear power company Oklo has finalised a memorandum of agreement (MOA) with the United States Department of Energy (DOE) to conduct site inspections for its planned nuclear reactor in Idaho. The MOA allows the company to move ahead to conduct the site preparation and construction phase of the project.

Oklo ( NYSE: OKLO) +4.2% pre-market Wednesday after finalizing an agreement with the U.S. Department of Energy granting access to conduct site investigations at its preferred site in Idaho, marking a key step toward the next phase of site preparation and construction.

As the only advanced fission company with a DOE site use permit, along with substantial regulatory progress and a secured fuel supply, Oklo is uniquely positioned to deploy the first commercial advanced fission power plant in the U.