Oklo Soars Nearly 8% on Meta Prepayment for 1.2 GW Ohio Nuclear Project
Oklo announced a 20-year energy supply agreement with Meta Platforms, boosting its stock nearly 8% as Meta will prepay for power from Oklo’s 1.2 GW advanced nuclear project in Ohio. The prepayment funds early procurement and accelerates Phase 1 development, targeting a 2030 online date for the facility.
1. Oklo Secures Landmark Energy Supply Agreement with Meta Platforms
Oklo announced a long-term energy supply deal with Meta Platforms to power AI data centers in the Midwest United States, driving its share price up by nearly 8% on Friday. Under the agreement, Meta will prepay to secure power from Oklo’s planned 1.2-gigawatt nuclear campus in Pike County, Ohio—an installation to be built on 206 acres acquired from the U.S. Department of Energy. The advance funding will be used to procure nuclear fuel and initiate Phase 1 pre-construction activities, with site suitability studies commencing this year and first power expected online by 2030.
2. Department of Energy Partnership Advances Radioisotope Pilot Plant
In the same week, Oklo’s subsidiary Atomic Alchemy formalized an agreement with the U.S. Department of Energy to develop a radioisotope pilot plant for medical and research applications. The pilot facility will serve as a blueprint for future commercial-scale plants, enhancing Oklo’s roadmap for diversified nuclear offerings. This dual announcement contributed to a 25% gain in Oklo’s shares during the first week of 2026, as investors weighed the company’s expanding project backlog against regulatory and commercialization risks.