Meta Prepayment Secures Funding for Oklo's 1.2 GW Ohio Nuclear Project
Meta has agreed to prepay Oklo to finance its 1.2 GW Ohio nuclear campus supporting AI data centers. The arrangement ties upfront payments to projected long-term power demand, ensuring initial project funding and reducing Oklo's capital risk.
1. Meta Partnership Powers 1.2 GW Ohio Nuclear Campus
In early January 2026, Oklo announced a multi-billion dollar agreement with Meta to develop a 1.2 gigawatt fast-fission nuclear power campus in western Ohio. Under the deal, Meta will prepay several billion dollars to fund site preparation and construction of Oklo’s Aurora reactors, with pre-construction activities scheduled to begin in mid-2026. Oklo expects to deliver first power from the Ohio campus as early as 2030, supporting Meta’s expanding AI data center footprint and providing long-term contracted revenue for the company’s reactor technology.
2. DOE Radioisotope Pilot Plant Collaboration
Oklo secured a Department of Energy agreement to design, build and operate a radioisotope production pilot plant under the DOE’s reactor demonstration program. The pilot facility will focus on medical isotopes used in cancer diagnostics and therapy, a market currently reliant on imports. Funding and technical support from the DOE will enable Oklo to validate its integrated fuel cycle approach, leveraging repurposed nuclear fuel and fast-fission capabilities. Construction is slated to begin in late 2026, with initial isotope shipments targeted for 2028.
3. Stock Volatility and Capital Strategy
After surging more than 700% through October 2025, Oklo shares fell 21.5% in December due to an announced $1.5 billion at-the-market equity offering and investor profit-taking. In the first two weeks of 2026, the stock rebounded by nearly 46% following the Meta and DOE developments. The equity offering remains in place to fund Oklo’s dual-track growth initiatives—reactor deployments and isotope production—while balancing dilution concerns. Management highlights a cash runway extending into 2027, contingent on execution milestones for both the Ohio campus and pilot plant.
4. CEO Outlook and Technology Roadmap
Oklo co-founder and CEO Jacob DeWitte told investors on 'Money Movers' that the company’s modular Aurora design and proprietary fuel manufacturing capabilities position Oklo to capture long-term contracted revenue streams in both power generation and isotope markets. DeWitte reiterated that the first phase of the Meta-backed nuclear campus could achieve commercial operation by 2030, with subsequent phases scaling total output to 2.4 GW by 2032. He also emphasized the strategic importance of DOE partnerships in de-risking technology validation and accelerating regulatory approvals.