Oklo
Advanced nuclear company developing fast-fission powerhouses for clean energy to data centers.
Updated April 2026
Overview
- Website
- oklo.com
- Founded
- 2013
- Headquarters
- Santa Clara, CA
- Segment
- Power Generation
Product overview
Oklo develops, builds, owns, and operates Aurora fast-fission powerhouses (15-75 MW) providing reliable, low-carbon power on-site or nearby, fueled by recycled nuclear waste.. Targets high-demand users like AI data centers, with partnerships including Meta (1.2 GW), Switch (12 GW master agreement), and others, expanding pipeline to 2,100+ MW across U.S. sites.. Distinct for build-own-operate model enabling fast deployment without customer capex, inherent safety, fuel recycling, first commercial ops targeted 2027-2028.
Revenue model
Sells electricity and heat via long-term power purchase agreements (PPAs), e.g., 20-year terms; no public $/kW or pricing disclosed (pre-revenue, first sales 2027-28); projected costs $80-130/MWh at scale., .
Moat
Oklo's key competitive moat is its vertically integrated business model, where it builds, owns, and operates compact small modular reactors (SMRs) like the Aurora powerhouse, enabling direct power sales via long-term PPAs to high-demand customers such as data centers while capturing the full value chain for superior margins and control. This is reinforced by proprietary fast fission reactor technology with passive safety and fuel efficiency—leveraging DOE-awarded HALEU fuel, recycled fuel capabilities, and partnerships—creating high barriers via first-mover regulatory progress, operational data feedback loops, and grid-independent deployment agility that competitors struggle to replicate quickly.