Oklo Inc. (NYSE: OKLO) ("Oklo"), an advanced fission power and
nuclear fuel recycling company, has received Letters of Intent
(LOIs) and is partnering with two major data center providers to
deliver up to 750 megawatts (MW) of low carbon power for data
centers across the U.S. These commitments expand Oklo’s customer
pipeline to approximately 2,100 MW, underscoring the demand for
Oklo’s dedicated clean energy solutions.
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Oklo Aurora powerhouse (Image:
Gensler)
Under these LOIs, Oklo will work with one of the fastest-growing
data center companies to deploy its powerhouses in select markets,
addressing the provider’s critical need for sustainable, reliable
power. This collaboration supports Oklo’s expanding footprint,
including its announced sites in Idaho, Ohio, Texas, and Wyoming,
reinforcing the company’s commitment to advancing clean, resilient
power options nationwide.
Oklo’s Aurora powerhouse design provides power directly on-site
or nearby, with flexible 15 MW and 50 MW units that can be deployed
in phases. This approach aims to minimize project risks, reduce
financing costs, and deliver efficient, resilient energy to meet
the evolving needs of industrial and commercial clients.
“The strong customer response reflects confidence in Oklo’s
clean, reliable, and affordable power solutions,” said Jacob
DeWitte, Co-Founder and CEO of Oklo. “Our approach helps enable
customers to scale sustainably with reliable power aligned to their
long-term goals.” By building, owning, and operating each
powerhouse, Oklo makes it easier for customers to adopt nuclear
power generation while creating a steady revenue stream for Oklo by
selling power, not power plants.
Oklo’s deployment model helps industries reduce reliance on
traditional grids, preserving grid stability and potentially
avoiding additional costs to local ratepayers. With a growing order
book, we believe Oklo is positioned to transform critical
infrastructure and support sustainable growth.
About Oklo Inc.: Oklo Inc. is developing fast fission
power plants to provide clean, reliable, and affordable energy at
scale. Oklo received a site use permit from the U.S. Department of
Energy, was awarded fuel material from Idaho National Laboratory,
submitted the first advanced fission custom combined license
application to the U.S. Nuclear Regulatory Commission, and is
developing advanced fuel recycling technologies in collaboration
with the U.S. Department of Energy and U.S. National
Laboratories.
Forward-Looking Statements
This press release includes statements that express Oklo’s
opinions, expectations, objectives, beliefs, plans, intentions,
strategies, assumptions, forecasts or projections regarding future
events or future results and therefore are, or may be deemed to be,
“forward-looking statements.” The words “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “intends,” “may,”
“might,” “plan,” “possible,” “potential,” “predict,” “project,”
“should,” “would” or, in each case, their negative or other
variations or comparable terminology, and similar expressions may
identify forward-looking statements, but the absence of these words
does not mean that a statement is not forward-looking. These
forward-looking statements include all matters that are not
historical facts. They appear in a number of places throughout this
press release and include statements regarding our intentions,
beliefs or current expectations concerning, among other things, the
timing, goals and benefits of the LOIs, results of operations,
financial condition, liquidity, prospects, growth, strategies and
the markets in which Oklo operates. Such forward-looking statements
are based on information available as of the date of this press
release, and current expectations, forecasts and assumptions, and
involve a number of judgments, risks and uncertainties.
As a result of a number of known and unknown risks and
uncertainties, the actual results or performance of Oklo may be
materially different from those expressed or implied by these
forward-looking statements. The following important risk factors
could affect Oklo’s future results and cause those results or other
outcomes to differ materially from those expressed or implied in
the forward-looking statements: risks related to the deployment of
Oklo’s powerhouses; the risk that Oklo is pursuing an emerging
market, with no commercial project operating, regulatory
uncertainties; the potential need for financing to construct
plants, market, financial, political and legal conditions; the
effects of competition; changes in applicable laws or regulations;
the risk that binding agreements with the two major data center
providers do not materialize or fail to produce the expected
benefits; and the outcome of any government and regulatory
proceedings and investigations and inquiries.
The foregoing list of factors is not exhaustive. You should
carefully consider the foregoing factors and the other risks and
uncertainties of the other documents filed by Oklo from time to
time with the U.S. Securities and Exchange Commission. The
forward-looking statements contained in this press release and in
any document incorporated by reference are based on current
expectations and beliefs concerning future developments and their
potential effects on Oklo. There can be no assurance that future
developments affecting Oklo will be those that Oklo has
anticipated. Oklo undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20241113986705/en/
Media and Investor Contact for Oklo: Bonita Chester, Head
of Communications and Media at media@oklo.com
Investor Contact: Sam Doane, Director of Investor
Relations at investors@oklo.com
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