Oklo Inc. (OKLO) has secured a landmark agreement with Meta Platforms, Inc. (META) to develop a 1.2-gigawatt advanced nuclear campus in Pike County, Ohio, aimed at supporting Meta’s expanding AI and data center operations. This project involves several milestones, with construction activities expected to start in 2026, initial power delivery targeted for 2030, and full capacity anticipated by 2034.
While this partnership offers a credible foundation for OKLO, which is currently pre-revenue, the company must navigate various regulatory and construction hurdles. Notably, the agreement includes a prepayment mechanism to enhance funding visibility and align early cash needs with Meta’s commitment. However, issues remain regarding the authorization to sell power and necessary approvals from the Nuclear Regulatory Commission, delaying meaningful revenue until at least 2028.
Additionally, OKLO is pursuing a secondary revenue stream through medical radioisotopes in collaboration with the U.S. Department of Energy to strengthen domestic production. The company’s valuation heavily depends on the success of this long-term project amid existing schedule and execution risks that could impact its financial outlook through 2026.
