Sam Altman-backed Oklo says it is navigating what CEO Jacob DeWitte calls “good uncertainty” as potential Trump administration executive orders could accelerate Nuclear Regulatory Commission (NRC) licensing, expand military and Department of Energy (DOE) nuclear roles, and boost U.S. nuclear fuel supply chains, according to UtilityDive.
On Oklo’s Q1 2025 earnings call, DeWitte confirmed the company is engaged in a “pre-application readiness assessment” with the NRC, aiming to smooth its formal license submission for a newly upsized 75-MW reactor design in Q4 2025. The company still targets late 2027 or early 2028 for first power production at its Idaho National Laboratory (INL) site.
DeWitte noted the recent departure of OpenAI CEO Sam Altman as Oklo board chair removes a potential conflict of interest should OpenAI become a future power customer. Oklo already holds about 14 GW in nonbinding agreements with data centers and industrial operators.
The White House is weighing four nuclear-related executive orders, including directives to overhaul NRC licensing with an 18-month deadline for new applications, reconsider radiation exposure limits, and authorize military and DOE property for reactor deployments—potentially bypassing standard NRC approvals.
These efforts aim to boost U.S. nuclear capacity to 400 GW by 2050, up from about 100 GW today. While the NRC is already implementing changes from last year’s ADVANCE Act, further reforms could shorten Oklo’s expected 24- to 30-month licensing timeline.
The UtilityDive report says that Oklo is also among eight companies eligible for the military’s Advanced Nuclear Power for Installations program, enabling on-base reactor deployments. It’s developing nuclear fuel fabrication facilities capable of reusing spent fuel that would otherwise sit in long-term storage.
Meanwhile, NuScale Power is actively pursuing contracts for its small modular reactor (SMR) technology, targeting a firm customer order by the end of 2025. CEO John Hopkins said the company could deliver an operational power plant by 2030 “if we get closure on a deal here soon.” NuScale is awaiting expected NRC approval in July for its uprated 77-MW design and has 12 modules in production through manufacturing partner Doosan, capable of delivering up to 20 per year.
Hopkins emphasized NuScale’s focus on finalizing real contracts rather than nonbinding agreements, stating, “We’re actually in the process of submitting and negotiating term sheets. We’ve got customers that [want] to … touch steel.” Potential buyers include data center operators, heavy industry, and utilities. CFO Ramsey Hamady added that a signed deal would likely involve multiple parties, including plant operators and tier-one data center or AI developers.
Unlike Oklo’s build-own-operate model, NuScale provides SMR technology and plant services, likening its role to “the chip in the Dell computer.” While NuScale has courted data center customers similar to Oklo, it also promotes its reactors for hydrogen production, desalination, carbon capture, and petrochemicals.
NuScale has about two years of financial runway but expects a committed project to significantly improve its outlook. “We’ll be in a great place if our biggest challenge is keeping up with orders,” Hamady said.
