Oklo Stock: Meta’s Nuclear Power Play Triggers 20% Rally

TLDR

• Oklo stock surged 20% after Meta deal for 1.2 gigawatt nuclear power campus in Pike County, Ohio
• Meta prepays for power and funds Oklo’s Aurora powerhouse development project
• Vistra climbed 14% on separate Meta contract for 2,600 megawatts from nuclear facilities
• Project timeline targets 2026 for pre-construction, 2030 for first phase, 2034 for full capacity
• Nuclear Regulatory Commission approval still pending for Oklo’s reactor technology

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Oklo stock jumped 20% Friday after the company announced a nuclear power deal with Meta Platforms. The agreement covers a 1.2 gigawatt campus in Pike County, Ohio.

Energy from the site will power Meta’s regional data centers. The facility will also support Meta’s AI supercluster in New Albany.

Meta will prepay for power under the terms. This funding mechanism advances Oklo’s Aurora powerhouse development.

Oklo Inc., OKLO

Oklo plans to secure nuclear fuel with the funds. The company will use the money to advance Phase 1 on its 206-acre site in southern Ohio.

The Aurora powerhouse uses recycled nuclear waste as fuel. This advanced fast reactor design represents next-generation nuclear technology.

Vistra Secures Competing Meta Deal

Vistra announced its own Meta partnership Friday. The company locked in 20-year agreements to supply over 2,600 megawatts.

Meta will purchase 2,176 megawatts from Perry and David-Besse sites in Ohio. An additional 433 megawatts can be added from Ohio and Pennsylvania facilities.

Vistra stock rose 14% in premarket trading. The gain made it the top S&P 500 performer in the session.

Both deals reflect surging demand for nuclear power. Data centers need reliable energy as AI computing requirements grow.

Development Timeline and Challenges

Oklo secured land rights to 260 acres in Ohio before its 2024 IPO. The company announced plans for two regional power plants back in 2023.

CEO Jacob DeWitte referenced the two-year planning process. He said the Ohio vision is now becoming reality.

Pre-construction and site work start in 2026. First phase operations target 2030 for launch.

The facility will scale gradually to full 1.2 gigawatt capacity by 2034. The project will create thousands of jobs in construction and operations.

Oklo did not disclose financial details of the Meta agreement. The funding commitment validates the pre-revenue company’s business model.

Regulatory approval remains a key hurdle. Oklo’s reactors need Nuclear Regulatory Commission authorization before operations begin.

The NRC accepted Oklo’s design criteria report in September. The review is proceeding on an accelerated schedule.

Oklo broke ground at Idaho National Laboratory in September 2024. The company maintains its deployment target of late 2027 or 2028 for that facility.

The Energy Department selected Oklo for its Reactor Pilot Program in late 2024. The program requires three test reactors operational by July 2026.

Meta’s head of global energy Urvi Parekh confirmed the deal supports regional operations and AI infrastructure expansion in Ohio.

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