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Ted Dore

Ted Dore

Managing Director at Citi

Madison, NJ, US

Ted Dore is a Managing Director at Citi, specializing in global financial services sourcing and vendor management across diverse industries. Overseeing a global team of more than 600 professionals and the sourcing of over $15 billion in third-party spend, he is recognized for implementing robust compliance and policy frameworks at Citi as well as previously at JPMorgan Chase and Prudential. With over two decades of experience, Dore’s career spans prior leadership as VP at JPMC and Director at Prudential, following military service as a Lieutenant in the US Navy. He holds an MBA in Finance from Seton Hall University and a BS in Earth Sciences from the University of Notre Dame, and has distinguished himself through leadership in sourcing, regulatory compliance, and operational governance.

Ted Dore's questions to Oklo (OKLO) leadership

Question · Q3 2025

Ted Dore with Citi inquired about the Pluto test reactor, asking if it would serve as a template for future reactors, its differences from Aurora (e.g., plutonium fuel, 75 MW size), and the main learnings Oklo expects to gain. He also asked for a directional dollar breakdown of CapEx by components, as presented on slide nine.

Answer

CEO Jacob DeWitte clarified that Pluto is a smaller, bespoke system for fast neutron irradiation testing, not a template for power reactors. It's optimized for plutonium and fast neutrons to gain experience in plutonium criticality, handling, and fuel fabrication, serving as an R&D platform. CFO Craig Bealmear stated that dollar breakdown for CapEx would directionally align with component numbers, with more detailed estimates expected in 2026 after further procurement and Kiewit's involvement.

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Question · Q3 2025

Ted Dore from Citi inquired about the Pluto test reactor, asking if it would serve as a template for future reactors, its differences from Aurora, if it's assumed to be 75 MW, and the main learnings Oklo hopes to obtain from its operation. He also requested directional dollar terms for the CapEx breakdown by components mentioned on slide nine.

Answer

Jacob DeWitte, CEO of Oklo, explained that Pluto is a smaller, bespoke system optimized for fast neutron irradiation testing, primarily focused on making fast neutrons rather than electric power. It will provide experience with plutonium-based systems and fuel fabrication, enhancing R&D and margin improvement. Craig Bealmear, CFO of Oklo, stated that dollar terms for CapEx would directionally align with component breakdown, with more detailed estimates expected in 2026 as procurement deepens.

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