Oklo
Compare Oklo…Developer of the Aurora liquid-metal fast microreactor (15-75 MWe). SPAC-merged with AltC Acquisition Corp in May 2024 (Sam Altman chair).
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OkloDeveloper of the Aurora liquid-metal fast microreactor (15-75 MWe). SPAC-merged with AltC Acquisition Corp in May 2024 (Sam Altman chair).
| Customer | Location | Status | Capacity Commitment | Target COD | |
|---|---|---|---|---|---|
| Idaho National Laboratory (FOAK Aurora site) | Idaho National Lab (DOE site) | NRC COLA re-submission in progress; site preparation continuing | 1 Aurora (~15 MWe); FOAK demonstrator | Stated 2027-2028; consensus 2029-2030 (NRC review pace) | |
| Equinix (data center; multi-site MoU) | Multiple US data center sites | December 2023 letter of intent; subsequent capacity expansion agreements | Up to 500 MWe across multiple Equinix campuses | Beyond 2030 | |
| Switch (data center; master power agreement 2024) | Switch US data center campuses | Master power agreement Q2 2024 | Up to 100 MWe initial; expandable | Beyond 2030 | |
| Eielson AFB (US Air Force partnership) | Eielson Air Force Base, Alaska | Initial siting + Defense Logistics Agency engagement | Single Aurora (~5 MWe defense scale) | Beyond 2030; defense scope separate from civilian-power FOAK | |
| Diamondback Energy (Permian Basin energy customer) | Texas Permian Basin | Mar 2025 commercial-scale MoU + framework agreement | Up to 50 MWe Permian power delivery | Beyond 2030 | |
| Total binding pipeline (LOI / MoU / framework) | ~650+ MWe stated commitments across counterparties | All MoU phase; no signed LRIP contracts yet | Combined ~650+ MWe; ~13+ Aurora powerhouses equivalent | All beyond 2030 | |
| Editorial. Why this matters | Strategic context | Oklo's Aurora is one of two leading microreactor designs (alongside NANO Nuclear's family); the structural bet is that distributed-microreactor economics make sense for data centers + remote sites where grid-scale nuclear cannot reach. Sam Altman's prior chair role made OKLO the marquee pre-revenue advanced-reactor SPAC story. Marquee question: as NRC COLA re-submission progresses + as INL FOAK approaches 2029-2030 COD, does Oklo convert MoU-stage interest into binding LRIP commitments + scale beyond a single demonstrator? |
Q2 2024 (post-SPAC close May 2024)-Q4 2027 implied (current burn rate; no additional raise)
2021-2025
$OKLO
Developer of the Aurora liquid-metal fast microreactor (15 to 75 MWe). SPAC-merged with AltC Acquisition Corp in May 2024 (Sam Altman chair). NRC combined license pre-application in progress; INL FOAK site.