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Oklo Inc. is a clean energy company focused on developing advanced fission power plants to provide reliable, sustainable, and affordable energy at scale. The company operates through a unique build, own, and operate business model, selling electricity and heat directly to customers. Oklo also develops used nuclear fuel recycling services, aiming to unlock the energy potential of nuclear waste while securing its fuel supply chain.
- Aurora Powerhouse - Develops advanced fission power plants utilizing liquid metal fast reactor technology to produce between 15 and 50 megawatts of electricity (MWe), with potential future expansion to 100 MWe. These powerhouses operate on both recycled nuclear fuel and fresh fuel, leveraging fast neutrons to extract energy from nuclear waste.
- Used Nuclear Fuel Recycling Services - Provides recycling services for used nuclear fuel, enabling the reuse of energy reserves in nuclear waste and supporting the vertical integration of Oklo's fuel supply chain.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Jacob DeWitte ExecutiveBoard | Chief Executive Officer (CEO) | None | Co-founder of Oklo in July 2013. Holds a Ph.D. and S.M. in Nuclear Engineering from MIT and a B.S. in Nuclear and Radiological Engineering from the University of Florida. Key achievements include securing over $300M in gross proceeds through a merger with AltC Acquisition Corp. and advancing Oklo's Aurora powerhouse project. | View Report → |
R. Craig Bealmear Executive | Chief Financial Officer (CFO) | None | Joined Oklo in August 2023. Previously served as CFO of Renewable Energy Group, Inc. and held senior roles at BP plc over a 30-year career. Holds an M.B.A. from Wharton and a B.A. in Business Administration from Bellarmine University. |
- Your business model relies on converting Letters of Intent into Power Purchase Agreements, yet none have been converted so far. What specific hurdles are preventing these conversions, and when do you anticipate signing your first PPA?
- The acquisition of Atomic Alchemy introduces new complexities to your operations. What major risks do you foresee in integrating Atomic Alchemy, and how will you mitigate potential distractions from your core business of reactor deployment?
- Fuel recycling requires significant capital investment. How do you plan to finance your fuel recycling initiatives without diluting shareholder value, and what obstacles might you face in securing the necessary funding?
- You aim to break ground on your Idaho plant by 2026 with operations starting in late 2027. Given regulatory complexities and potential site-specific challenges, what are the key risks that could delay this timeline, and how are you addressing them?
- With data centers demanding multi-hundred megawatt power solutions, how will your 15-megawatt and 50-megawatt reactors meet these needs? Are you at risk of losing market share to competitors offering larger reactors?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Atomic Alchemy | 2024 | Oklo's proposed $25 million all-stock acquisition involves integrating Atomic Alchemy's proprietary reactor and isotope production technologies into Oklo’s nuclear fuel recycling process, creating complementary revenue opportunities and strengthening the U.S. radioisotope supply chain. Definitive agreements are expected to be signed in early December 2024 with all shares subject to multi-year lock-ups, and the deal is structured to avoid near-term increases in operating costs. |
Recent press releases and 8-K filings for OKLO.
- Sam Altman resigned as Chair and Class II Director on April 22, 2025, effective immediately, with his departure not stemming from any operational disagreements.
- The change was disclosed via an 8-K filing, ensuring prompt notification to investors regarding the board composition update.
- Strategic partnerships and commercial milestones: Oklo confirmed key agreements including a landmark 12 gigawatt clean power deal with Switch and multiple LOIs with notable industry players, driving its customer pipeline and market positioning.
- Technological and regulatory progress: The company is advancing its scalable reactor design, which now supports outputs from 15 to 75 megawatts, and is actively progressing with its combined license (COL) application at Idaho National Laboratory through a pre-application readiness assessment.
- Financial updates and strategic investments: Oklo provided insights on its 2024 operating loss adjustments, outlined steps taken to improve financial performance, and highlighted the acquisition of Atomic Alchemy to expand its high-value radioisotope business.
- Board enhancements: The addition of experienced leaders to the board strengthens Oklo’s governance and supports its overall strategic growth objectives.
- Robust customer pipeline and project execution: Oklo secured several key agreements including a LOI with Equinix for 500MW of power with a $25M pre-payment, LOIs with Diamondback Energy (50MW) and Prometheus Hyperscale (100MW), and entered into a historic 12GW corporate power agreement with Switch, underscoring strong market validation and a diversified customer base.
- Financial performance and liquidity position: For full year 2024, Oklo reported a net loss of $52.8M (exceeding the forecast range of $40–50M) with a total cash burn of $73.6M, while maintaining a solid liquidity base with $97.1M in cash and $178.2M in marketable securities, positioning the company well for its growth initiatives.
- Oklo went public on the NYSE and advanced its commercial site at INL, building a ~14 GW customer pipeline to support the scaling of nuclear power solutions.
- The company secured strategic deals, including a major energy agreement with Switch and an LOI with Equinix, while also expanding its capabilities with a 75 MW powerhouse design and the acquisition of Atomic Alchemy for radioisotope production.