OAK RIDGE, Tenn. – A major investment is headed to East Tennessee as Oklo Inc., an advanced nuclear technology company, announced plans to build the nation’s first privately funded nuclear fuel recycling facility in Oak Ridge. The $1.7 billion project will generate more than 800 jobs and establish Tennessee as a hub for next-generation nuclear energy.
According to the Tennessee Department of Economic and Community Development, the project will be built on a 247-acre site at the Oak Ridge Heritage Center. The facility will recycle used nuclear fuel from today’s operating plants, providing a new supply chain for advanced reactors and expanding the nation’s nuclear innovation footprint.
State officials said Oklo is the fifth company to utilize Tennessee’s Nuclear Energy Fund, which supports nuclear research and energy-related businesses relocating or expanding in the state. Gov. Bill Lee emphasized that the investment aligns with Tennessee’s role in leading America’s energy independence.
“Tennessee is well-positioned to lead America’s energy future, which is why we created the Nuclear Energy Fund to support projects like this,” Lee said in a statement. “Oklo’s expansion brings opportunity and prosperity to Tennessee families.”
The project is also being supported by the Tennessee Valley Authority (TVA), which praised the announcement as a key step in advancing clean energy and economic growth. TVA President and CEO Don Moul said the development “underscores Tennessee’s leadership in nuclear innovation.”
Oklo’s investment comes after approval of $70 million in state funding across recent legislative sessions dedicated to nuclear research and workforce development. Local leaders said the decision strengthens the Oak Ridge Corridor’s reputation as a global center for nuclear science.
Construction and hiring timelines were not immediately released, but Oklo leaders said the project represents a long-term commitment to East Tennessee’s economy and innovation sector.
This article was produced by a journalist and may include AI-assisted input. All content is reviewed for accuracy and fairness.
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