Nuclear Startup Oklo Gets Greenlight for First Microreactor

Oklo last week announced it has finalized an agreement with the Department of Energy to move forward with its first commercial microreactor. 

The company will start site investigation work at the Idaho National Laboratory in Idaho Falls. 

The startup is the only advanced fission company with a DOE site use permit. The department awarded Oklo the site use permit in 2019, though the Nuclear Regulatory Commission rejected its first application to build the microreactor in 2022. The NRC still needs to sign off on the plan, which is scheduled to break ground in 2026 and come online a year later. 

More: Newsweek 

First Solar Opens Plant in Alabama

First Solar last week announced it has opened its $1.1 billion thin-film solar manufacturing plant in Alabama. 

The plant is expected to generate 3.5 GW of vertically integrated solar manufacturing capacity. 

More: Business Alabama 

Avangrid Shareholders Approve $2.55B Buyback by Iberdrola

Spanish utility Iberdrola last week announced that Avangrid shareholders approved its proposal to acquire the remaining 18% stake in the company for $2.55 billion. 

Shareholders will receive $35.75/share — a 15.2% premium over the 30-day weighted average price before the acquisition announcement in March. 

More: Power Technology