Oklo announced a landmark energy supply agreement with Meta Platforms to support AI data centers in the U.S. Midwest. Under the terms, Meta will prepay for output from Oklo’s planned 1.2 gigawatt advanced nuclear facility on a 206-acre site in Pike County, Ohio. The prepayment is earmarked for early procurement of nuclear fuel and to advance Phase 1 engineering and licensing activities, enabling Oklo to begin site suitability studies and pre-construction work later this year.

Following the Meta agreement, Oklo’s share price rallied by nearly 8% on the day of the announcement, peaking with an intraday gain of 18.6%. In the first week of 2026, the stock added over 25% after the company also disclosed a separate agreement with the U.S. Department of Energy. Trading volumes surged to more than double the three-month daily average, reflecting heightened institutional interest in next-generation nuclear developers positioned to serve the AI industry’s growing power needs.

Oklo’s subsidiary, Atomic Alchemy, secured an agreement with the Department of Energy to develop a commercial radioisotope pilot plant. Insights gained from the pilot project will inform the design and licensing of future commercial reactors capable of producing medical and research isotopes domestically. This milestone underscores Oklo’s strategy to diversify its technology offerings beyond power generation and positions the company to capture emerging markets in nuclear medicine.

Oklo expects Phase 1 of its Ohio campus to be operational by 2030, with incremental capacity additions bringing total output to 1.2 GW by 2034. The company is advancing multiple regulatory submissions, including a fuel recycling facility application currently under U.S. Nuclear Regulatory Commission review. Successful approvals will de-risk the construction schedule and support long-term revenue visibility, factors that analysts cite as key to unlocking Oklo’s growth potential in the next major wave of clean-energy infrastructure.