On November 16, 2024, President-elect Donald Trump selected Chris Wright, the CEO of Liberty Energy and a board member of Oklo Inc., to serve as the next U.S. Energy Secretary. This nomination places an individual with direct ties to advanced nuclear technology in a key federal leadership role.
Wright is expected to step down from his positions at Liberty Energy and on Oklo's board upon his confirmation as Energy Secretary. He will also serve on Trump's Council of National Energy, further integrating his expertise into national energy policy discussions.
This appointment is seen as potentially favorable for the nuclear energy sector, given Wright's background and the administration's stated interest in increasing energy production. Oklo's stock gained nearly 15% on the Monday following the announcement.
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