![[Pasted image 20250815212957.png]] Company website: https://oklo.com ### Introduction Oklo Inc. is an advanced nuclear technology company founded in 2013 by Jacob DeWitte and Caroline Cochran, both MIT graduates with backgrounds in nuclear engineering. Headquartered in Santa Clara, California, with additional operations in Sunnyvale, the company's mission is to provide clean, reliable, and affordable energy through the deployment of next-generation fast fission technology and the recycling of nuclear waste. Oklo focuses on developing small-scale, modular nuclear power plants that address the growing demand for emission-free energy, particularly in sectors like data centers, industrial applications, and remote locations, while emphasizing inherent safety features and fuel efficiency to make nuclear power more accessible and scalable globally. The company has evolved from its early roots in innovative reactor designs to a publicly traded entity, leveraging partnerships with government agencies and industry leaders to advance its technology. Key focus areas include fast-spectrum reactors that can operate on recycled fuel, reducing waste and dependence on fresh uranium, as well as pursuing regulatory approvals for commercial deployment to meet the surging energy needs driven by AI and electrification. ### Key Products and Technology - **Aurora Powerhouse**: Oklo's flagship product line, consisting of small modular reactors (SMRs) designed for scalable deployment; initial models output 15 MWe, with upgraded versions reaching up to 75 MWe to meet higher demand from data centers and industrial users. - **Fast Fission Reactor Technology**: Utilizes liquid metal (sodium) cooling and fast-spectrum neutrons for efficient energy production; self-stabilizing and self-controlling with passive safety features, enabling "walk-away safe" operation without active intervention in emergencies. - **Fuel and Efficiency Features**: Operates on High-Assay Low-Enriched Uranium (HALEU) or recycled nuclear waste, achieving higher fuel utilization and reduced waste output; recycling process produces radioisotopes for medical and industrial applications, with potential cost savings as recycled fuel is considerably less expensive than fresh HALEU. - **Safety and Design**: Inherent passive cooling via natural forces, minimizing components requiring nuclear-grade certification; modular design allows for factory-built assembly, faster construction, and deployment in remote or grid-constrained areas. - **Applications**: Powers hyperscale data centers, military installations, oil and gas operations, and utilities; supports both behind-the-meter (dedicated) and front-of-the-meter (grid-connected) setups, with hybrid models for flexibility; also enables co-generation of heat for cooling systems in data centers. ### Team and Leadership - **Jacob DeWitte, CEO and Co-Founder**: MIT nuclear engineering graduate with experience in reactor design; has led Oklo since inception, overseeing technology development, regulatory strategy, and commercialization; LinkedIn: https://www.linkedin.com/in/jacob-dewitte-oklo/. - **Caroline Cochran, COO and Co-Founder**: Holds degrees in nuclear engineering from MIT and mechanical engineering from the University of Oklahoma; manages operations, supply chain, and fuel recycling initiatives; [@caorilne](https://x.com/caorilne); LinkedIn: https://www.linkedin.com/in/caroline-cochran-oklo/. - **Patrick Schweiger, CTO**: Appointed in 2025, brings over 40 years of energy sector leadership, including prior roles in power plant development; focuses on advancing reactor technology and deployment timelines. - **Craig Bealmear, CFO**: Oversees financial strategy and investor relations, with experience in scaling energy startups; joined post-2024 public listing. - **Michael Green, Deputy General Counsel**: Handles strategic execution and regulatory compliance, supporting licensing and partnerships. ### Recent News and Developments (2025) | Date | Event | Details | |------|-------|---------| | August 13, 2025 | Selected for Three Projects Under U.S. DOE Reactor Pilot Program | Oklo and subsidiary Atomic Alchemy chosen for three of 11 projects to accelerate advanced reactor deployment; aims for operational reactors by July 2026, providing insights for commercialization. | | August 11, 2025 | Published Q2 2025 Financial Results and Business Update | Reported net loss of $24.7M (improved 9% YoY), with $683M in cash; highlighted progress in licensing, partnerships, and customer pipeline exceeding 14 GW. | | August 11, 2025 | Collaboration with Lightbridge on Co-Located Fuel Fabrication | Evaluating joint facility for advanced fuels from legacy materials, supporting fast reactors and light water reactors; expands fuel recycling capabilities. | | July 17, 2025 | Selected Kiewit as Lead Constructor for First Aurora Powerhouse | Partnership for construction at Idaho National Lab site; targets commercial operations between late 2027 and early 2028. | | July 22, 2025 | Announced Collaboration with Vertiv | Joint development of power and cooling solutions for hyperscale data centers using Aurora heat for efficiency. | | May 29, 2025 | Partnership with Korea Hydro & Nuclear Power (KHNP) | MOU for collaboration on Aurora design, licensing, and global deployment of SMR projects. | | May 13, 2025 | Appointed Patrick Schweiger as CTO | New leadership to enhance technology development and deployment strategies. | | April 22, 2025 | Chairman Transition | Jacob DeWitte assumes Chairman role alongside CEO duties following Chris Wright's departure. | | March 24, 2025 | Appointed Two New Board Members | Daniel Poneman and Michael Thompson join board after Chris Wright's resignation, strengthening governance. | ### Partnerships and Collaborations - **U.S. Department of Energy (DOE) and Idaho National Lab (INL)**: Site use permit for first Aurora deployment; secured 5 metric tons of HALEU fuel in 2019; selected for three projects in DOE's Reactor Pilot Program to fast-track testing and operations. - **Lightbridge Corporation**: Evaluating co-located fuel fabrication facility for advanced fuels from legacy materials, accelerating commercialization of recycling technologies. - **Vertiv Holdings**: Collaboration to develop integrated power and cooling solutions for data centers, utilizing reactor heat for efficiency in hyperscale environments. - **Liberty Energy**: Partnership to combine nuclear, natural gas, and grid services for data centers and industrial customers, enabling hybrid energy models. - **Korea Hydro & Nuclear Power (KHNP)**: MOU for joint development of Aurora standard design, licensing strategy, and international SMR projects. - **Kiewit Corporation**: Selected as lead constructor for the first commercial Aurora powerhouse, focusing on engineering and deployment. - **U.S. Air Force**: Notice of Intent to Award contract for 75 MWe Aurora to power Eielson Air Force Base under a long-term power purchase agreement. - **Centrus Energy**: MOU for commercial HALEU supply to support fuel needs for fast reactors. - **Atomic Alchemy (Subsidiary Collaboration)**: Joint work on radioisotope production and advanced fuels within DOE pilot projects. ### Closing Note As a publicly traded company in the development stage with $683 million in cash reserves, Oklo is well-positioned for growth amid supportive regulatory changes and rising demand for clean energy, targeting commercial operations by 2027-2028 with a strong outlook driven by AI infrastructure needs. *Report generated August 15, 2025*