(The Center Square) – Tennessee Gov. Bill Lee said Thursday a new nuclear recycling center will add more than 800 new jobs to Oak Ridge.
Oklo, Inc. is investing $1.7 billion in the facility, according to a news release. The 247-acre site will be the nation’s first privately owned nuclear recycling center.
‘By recycling used fuel, we’re building the supply chain for the next generation of nuclear technology with advanced fuels that power industry and support durable jobs for decades to come,” said Jacob DeWitte, co-founder and CEO of Oklo.
The company received assistance from the $50 million Nuclear Energy Fund, which was first approved by the General Assembly in 2023-2024. Lawmakers added $20 million more in 2024 and 2025.
The legislation also established the Tennessee Nuclear Energy Advisory Council, a 22-member board that vets and recommends projects.
“Today’s announcement marks another significant milestone for our state in becoming a leader for clean and reliable energy,” said Stuart C. McWhorter, commissioner of the Department of Economic and Community Development. “With assets like Oak Ridge National Laboratory (ORNL), a rich history in the nuclear industry and leadership that stands ready to support Oklo’s next steps, we know Tennessee is the ideal location for this project and the company’s continued nuclear efforts.”
A timeline for the project was not given.
“Everyone who wants American energy to be cleaner, more affordable, and more sustainable should be rejoicing today,” Will Hild, executive director of Consumers’ Research, said in a statement to The Center Square. “Oklo’s program to recycle old nuclear fuel into a reliable energy supply is a bold and exciting achievement. Consumers’ Research applauds Oklo and thanks President Trump for his executive orders that made today’s historic announcement possible. His administration’s support for innovation has swung open the doors to unprecedented progress for America’s energy independence, environmental health, local jobs, and global dominance.
This is the fifth project awarded through the Nuclear Energy Fund, according to Lee.
