Full-Time
Posted on 6/18/2024
Develops advanced fission power plants
$80k - $185k/yr
Remote in USA + 1 more
More locations: Santa Clara, CA, USA
Remote
✈️Aerospace Engineering (1) |
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Oklo develops advanced fission power plants that utilize a unique approach to nuclear fission, allowing for the use of nuclear waste as fuel and ensuring safety. Their main product, the Aurora reactor, generates up to 15 megawatts of power and can run for over 10 years without refueling. This long operational life and waste recycling capability make Oklo's reactors both cost-effective and environmentally friendly. The company targets various clients, including industrial facilities and remote communities, and aims to provide sustainable energy solutions globally. Oklo's business model includes designing, licensing, and deploying its reactors, with revenue from sales and partnerships. Their team consists of experts from diverse industries, enhancing their approach to energy production.
Company Size
51-200
Company Stage
IPO
Headquarters
Sunnyvale, California
Founded
2013
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Health Insurance
401(k) Retirement Plan
401(k) Company Match
Flexible Paid Time Off
Flexible Work Hours
Company Equity
Health Savings Account/Flexible Spending Account
Oklo Inc. (“Oklo” or the “Company”) (NYSE: OKLO), an advanced nuclear technology company, today announced the pricing of its previously announced underwritten public offering of 6,666,667 shares of its Class A common stock, $0.0001 par value (“common stock”), by the Company at a price to the public of $60.00 per share. In connection with the offering, the Company also granted the underwriters a 30-day option to purchase up to an additional 1,000,000 shares of common stock at the public offering price from the Company. The gross proceeds from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be approximately $400 million, excluding any exercise of the underwriters’ option to purchase additional shares. The Company intends to use net proceeds of the offering for general corporate purposes, working capital and capital expenditures, and potential future investments. Goldman Sachs Co. LLC and BofA Securities are acting as
One day later, Oklo announced the pricing of a public offering intended to raise $400 million to $460 million.
Oklo, a company specialising in advanced nuclear technology, has entered into a memorandum of understanding (MoU) with Korea Hydro & Nuclear Power (KHNP).
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In other news, Oklo Inc. (NYSE:OKLO) announced the appointment of Pat Schweiger as its new chief technology officer.