Oklo Inc

Oklo Inc. develops the Aurora microreactor, a 15-megawatt electric fast-spectrum unit designed for remote sites and high-demand loads using high-assay low-enriched uranium fuel, including recycled sources. It positions Oklo as a frontrunner in the nuclear renaissance by addressing surging power needs from AI data centers and industrial users seeking compact, always-on carbon-free energy, bypassing large-scale grid dependencies.

In the past year, Oklo completed its SPAC merger in May 2024, securing a Nasdaq listing under OKLO and $306 million in gross proceeds. It obtained a site-use permit from Idaho National Laboratory in July 2024 for a 2027 Aurora deployment and signed letters of intent, including with data center operator Switch for up to 12 gigawatts long-term. Key risks include pending NRC licensing with no approvals yet, reliance on scarce HALEU fuel supplies, pre-revenue cash burn exceeding $20 million quarterly, and competition from peers like NuScale.

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