Oklo Inc.Oklo targets first Aurora microreactors in Idaho by late 2027, with NRC approval of its Principal Design Criteria and criticality achieved at its Groves One pilot reactor.
Oklo, the microreactor developer that went public through a SPAC merger on May 10, 2024, is targeting deployment of its first Aurora Powerhouse microreactors in Idaho in late 2027 or early 2028, with analysts expecting revenue to rise to $2 million in 2026, $8 million in 2027, and $53 million in 2028. The Aurora generates only 1.5 MWe on its own but is designed to be deployed alongside additional microreactors to build plants capable of generating up to 75 MWe, far below the over 1,000 MWe of a conventional nuclear plant, though its modular, factory-prefabricated design suits remote, off-grid sites and data center operators. The Nuclear Regulatory Commission approved Oklo's Principal Design Criteria for the Aurora in June, and the company achieved criticality at Groves One, its first pilot isotope-production reactor, in early August, deploying it in just 229 days. Oklo's partnership with Meta Platforms, announced in January, aims to deliver 1.2 GW of power at a nuclear campus in Ohio, with initial phases expected online around 2030, and the company is working to convert a multi-gigawatt pipeline of non-binding letters of intent, including a 14 GW agreement with Switch, into firm Power Purchase Agreements. Oklo also signed an LOI to buy HALEU from Centrus Energy, one of the only companies authorized to produce and enrich HALEU in the United States, while carrying a $7.4 billion market cap that trades at 139 times its 2028 sales.
Oklo Inc.Oklo targets first Aurora microreactors in Idaho by late 2027, with NRC approval of its Principal Design Criteria and criticality achieved at its Groves One pilot reactor.
Centrus Energy Corp.Oklo signed an LOI to buy HALEU from Centrus, one of the only authorized US HALEU producers, signaling new fuel demand.
Meta Platforms Inc.Meta's January partnership with Oklo aims to deliver 1.2 GW of nuclear power at an Ohio campus, with initial phases around 2030.
NVIDIA CorporationSwitch holds a 14 GW agreement with Oklo that is being worked toward firm Power Purchase Agreements.