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NuclearPublicSanta Clara, CAVerified

Oklo

Advanced fission powerhouses for AI-era baseload

NuclearEnergy
What they build

The product

Aurora powerhouses: compact, fast-spectrum advanced fission reactors (sodium-cooled) sized 15-75 MWe, designed to run on used nuclear fuel and HALEU. NRC-licensed COL applicant for the Idaho National Laboratory site, with additional projects targeting hyperscaler datacenter campuses.

Why it matters

The thesis

Oklo is the first US advanced reactor company to go public (NYSE: OKLO via AltC SPAC, May 2024) and is a leading commercial bet on small fast reactors. Its NVIDIA + Los Alamos partnership for AI-infrastructure power and Sam Altman chairmanship make it the most-watched name in advanced nuclear. If they deliver Aurora-INL on schedule, it resets the cost curve for new US fission build.

Operating model

How it runs

Builds, owns and operates standardized Aurora fast-fission powerhouses, while vertically developing fuel fabrication, used-fuel recycling and isotope production rather than primarily licensing reactor designs.

Revenue model

How it earns

Plans recurring sales of electricity and heat under long-term power-purchase agreements; fuel recycling and radioisotope production are complementary potential revenue streams as those businesses mature.

Strategic edge

Why it wins

Compact fast-spectrum plants can use fresh or recycled fuel and operate for up to a decade before refueling; vertical fuel recycling is intended to recover far more energy from used fuel, secure domestic supply and improve power-sale economics.

Source material

Evidence ledger

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