Oklo Inc. Stock Price, News & Analysis

Oklo Inc. (NYSE: OKLO) has announced its participation in the U.S. Department of Energy (DOE) Voucher Program to support the evaluation and testing of advanced structural materials for its Aurora powerhouse. This initiative is part of the Technology Commercialization Fund, funded by the Bipartisan Infrastructure Law and Inflation Reduction Act.

The collaboration aims to enhance manufacturing efficiencies, supply chain resilience, and overall scalability as Oklo accelerates the deployment of its commercial powerhouses. ENERGYWERX will manage the DOE's Voucher Program in collaboration with Oak Ridge National Laboratory.

The project will leverage DOE-funded vouchers to conduct advanced material characterization and real-world testing to validate high-performance materials for Oklo's fast reactor designs. It builds on decades of operational data from fast reactor systems to optimize performance and manufacturing processes.

Jacob DeWitte, Co-Founder and CEO of Oklo, highlighted that the company has "14 gigawatts of announced customers and partners" in their pipeline, positioning them to address growing energy demands across diverse applications.

Oklo Inc. (NYSE: OKLO) announced that Board member Chris Wright has stepped down following his confirmation as U.S. Secretary of Energy on February 3, 2025. CEO Jacob DeWitte acknowledged Wright's contributions to the company, particularly highlighting his expertise in energy and technology. The company plans to announce a replacement for Wright's board position in the future.

Lightbridge (Nasdaq: LTBR) and Oklo Inc. (NYSE: OKLO) have signed a Memorandum of Understanding (MOU) to explore strategic collaboration opportunities. The agreement focuses on two main aspects: conducting a feasibility study for co-locating their commercial fuel fabrication facilities and exploring opportunities in nuclear waste recycling.

The potential co-location of facilities aims to generate significant synergies in both upfront capital expenditures and ongoing operational costs. This collaboration represents a strategic step in advancing clean energy solutions and innovation across the nuclear supply chain, with both companies committed to developing sustainable nuclear energy solutions and cost-effective, carbon-free energy technologies.

Oklo (NYSE: OKLO) has signed a memorandum of understanding with RPower to implement a phased power model for data centers. The partnership combines RPower's natural gas generators for immediate energy needs with a transition to Oklo's Aurora powerhouses for clean nuclear energy. The three-stage implementation includes: initial deployment of natural gas generators within 24 months, integration of Aurora powerhouses for emissions-free energy, and finally transitioning natural gas generators to backup roles while providing surplus power to local grids.

Oklo reports a current order book of 14 gigawatts of energy. The collaboration aims to provide a comprehensive solution for data centers facing immediate power needs while building a pathway to sustainable operations. This partnership will serve both existing and new customers, offering a turnkey solution that combines immediate power availability with future clean energy transition.

Oklo (NYSE: OKLO) and Switch have signed a non-binding Master Power Agreement for 12 gigawatts of advanced nuclear power deployment through 2044, marking one of the largest corporate clean power agreements in history. Under the agreement, Oklo will develop, construct, and operate Aurora powerhouses to provide power to Switch's AI, cloud, and enterprise data centers across the United States.

The partnership aims to support Switch's growing data center infrastructure while maintaining their commitment to 100% renewable energy usage. The agreement establishes a framework for collaboration, with binding agreements to be finalized as project milestones are reached. This long-term partnership will help accelerate Oklo's early powerhouse deployments and demonstrate sustained customer demand.

Atomic Alchemy, Oklo's proposed acquisition target, has signed an MOU with Zeno Power Systems to supply radioisotopes for commercial Radioisotope Power Systems (RPSs). The collaboration focuses on providing strontium-90 and americium-241 for 'nuclear batteries' used in remote and off-grid environments. Zeno Power has secured over $65 million in contracts with NASA, U.S. Navy, and U.S. Space Force. These radioisotopes can be produced as coproducts from Oklo's recycling processes, supporting missions from seabed exploration to lunar operations.

Oklo (NYSE: OKLO), an advanced fission power technology and nuclear fuel recycling company, has released its financial results and business update for Q3 2024, ending September 30. The company has published a shareholder letter and updated investor presentation on their website. A conference call is scheduled for November 14th, 2024, at 1:30 PM PT / 4:30 PM ET, featuring CEO Jacob DeWitte and CFO Craig Bealmear. The webcast will be accessible through the company's investor relations website and archived for 12 months.

Oklo (NYSE: OKLO) has secured partnerships with two major data center providers to deliver up to 750 megawatts (MW) of low carbon power across the U.S. These agreements expand Oklo's customer pipeline to approximately 2,100 MW. The company will deploy its Aurora powerhouse design, offering flexible 15 MW and 50 MW units that can be installed in phases. The partnership includes one of the fastest-growing data center companies and supports Oklo's expansion in Idaho, Ohio, Texas, and Wyoming. Oklo will build, own, and operate the powerhouses, generating revenue through power sales while helping customers reduce grid dependence.

Oklo (NYSE: OKLO) has completed the environmental compliance process with the U.S. Department of Energy (DOE) and Idaho National Laboratory (INL) for site characterization of its first commercial advanced fission power plant site at INL. The company received an Environmental Compliance Permit, following a recent Memorandum of Agreement with DOE and approval of its Conceptual Safety Design Report for the Aurora Fuel Fabrication Facility. Oklo's business model focuses on selling power directly to customers across data centers, industrial processes, defense, and off-grid communities.