Oklo Sets Late-2027 Commercial Operations Target for Aurora Units with $65M–80M Cash Burn
Oklo plans to own and operate 15–75 MW Aurora small modular reactors, aiming commercial power sales late 2027 to early 2028 pending NRC approval. Annual operating cash burn of $65–80 million will continue until grid sales commence, with only modest isotope revenue expected in early 2026.
1. Business Model and Revenue Streams
Oklo is developing, owning and operating Aurora small modular reactors designed to generate 15–75 megawatts of electricity, scalable to 100 MW or more. The company will monetize output through long-term power purchase agreements and plans modest early revenue from isotope sales via its Atomic Alchemy program in early 2026.
2. Regulatory Milestones and Timeline
Full commercial power sales depend on U.S. Nuclear Regulatory Commission approval, with initial operations targeted for late 2027 to early 2028. The Aurora-INL site currently lacks authorization for grid sales, and key steps include DOE agreements, site excavation, NRC safety reviews and additional licensing.
3. Financial Outlook and Cash Burn
Oklo projects annual operating cash outflows of $65–80 million until its reactors achieve commercial operations. Consensus estimates show negligible contribution to 2026 earnings, with quarterly EPS remaining negative through year end as revenue hinges on regulatory clearance.