Oklo inks deal with Meta as tech giant goes big on nuclear
Oklo Inc. (OKLO) announced on Friday that it has reached an agreement with Meta Platforms (META), advancing its plans to develop a 1.2 GW power campus in Pike County, Ohio in order to power Meta's data centers in the region.
Oklo will use the funds from the deal to secure fuel for Phase 1 of the project. Details of the transaction were not disclosed.
According to the agreement, Meta will prepay for power and provide funding that will support Oklo's Aurora powerhouse deployment.
Oklo broke ground in September on its first Aurora Powerhouse at the Idaho National Laboratory. Called the Aurora-INL, it is a sodium-cooled fast reactor that uses metal fuel – and was one of three projects awarded to Oklo under the government’s Reactor Pilot Program.
For the small-modular reactor (SMR) startup – whose former board member Chris Wright is now the U.S. Secretary of Energy steering the administration’s nuclear strategy – the government’s embrace of nuclear power to support its AI ambitions has been especially beneficial.
The company's stock soared close to 240% in 2025.
And in fact, the project that Oklo is developing in conjunction with Meta is being built on 206 acres of land in Pike County that was formerly owned by the Department of Energy (DOE).
The company noted that the land purchase was partly facilitated by the Southern Ohio Diversification Initiative (SODI), a nonprofit working to reuse the land for regional development.
"Two years ago, Oklo shared its vision to build a new generation of advanced reactors in Ohio," Oklo's co-founder and CEO Jacob DeWitte said in a statement. "Today, that vision is becoming a reality."
He said the deal with Meta is a multi-year agreement, adding that "Meta’s funding commitment in support of early procurement and development activity is a major step in moving advanced nuclear forward.”
Oklo's stock rose 7.9% on news of the deal.
The agreement with Oklo was part of a big splash that Meta made on Friday in procuring fuel for its data center operations. The company also signed deals with startup TerraPower and Vistra Corp. (VST).
Both Oklo and TerraPower are building new reactors for Meta, while Vistra will be selling power from its existing power plants.
The deals came as part of a request for proposals that Meta issued in December 2024 seeking partners who could add between 1 to 4 GW of generating capacity by the early 2030s.
Oklo said that its agreement with Meta is expected to help it construct multiple Aurora powerhouses. Pre-construction and site characterization are scheduled to begin this year, with the first phase of the project targeted to go online as early as 2030.
The plan is to incrementally deliver power and reach the full 1.2 GW target by 2034.
"This project will create jobs, spur local innovation, and advance American leadership in energy technology,” Urvi Parekh, head of global energy at Meta, said in a statement. “By investing in baseload nuclear energy, we’re helping build a resilient and sustainable future for our communities.”