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Oklo (OKLO) is soaring higher after announcing a landmark agreement with Meta Platforms (META) to develop a 1.2 GW nuclear power campus in Pike County, Ohio. The partnership is designed to supply clean, baseload energy to META’s expanding data center footprint in the region, including its massive AI supercluster in New Albany.

• OKLO will deploy multiple Aurora powerhouses on a 206-acre site formerly owned by the Department of Energy. META intends to support the project through a mechanism to prepay for power and provide direct funding to advance "project certainty."
• The implementation schedule is ambitious, with pre-construction and site characterization slated to begin in 2026. The project is expected to bring its first phase online as early as 2030, scaling incrementally to reach the full 1.2 GW capacity by 2034.
• Financially, the deal is transformative for OKLO. The upfront funding from META will be utilized specifically to secure critical nuclear fuel supplies and de-risk early-stage development activity. This "owner-operator" model allows OKLO to maintain ownership of the assets while securing long-term, high-margin revenue through 20-year power purchase agreements.
• This development is a significant catalyst for the broader nuclear and uranium complex. It reinforces the "Nuclear Renaissance" narrative, signaling that Big Tech's demand for 24/7 carbon-free power is translating into concrete capital commitments for next-generation reactors.
• The news provided a "rising tide" effect for several industry peers. Major uranium producers like Cameco (CCJ) and Uranium Energy (UEC) are seeing renewed interest as long-term fuel demand becomes more visible. Similarly, specialized players like Centrus Energy (LEU), Nano Nuclear Energy (NNE), and NuScale Power (SMR) are gaining momentum as the market validates the commercial viability of Small Modular Reactors.

Briefing.com Analyst Insight:

OKLO’s agreement with META is a watershed moment, proving Big Tech is now the primary financier for the nuclear grid. By prepaying for power, META provides the "project certainty" traditional lenders often avoid. While the 1.2 GW target is massive, investors must weigh the "execution gap". OKLO lacks operational commercial reactors, and the 2034 timeline leaves a decade for regulatory and technical hurdles. However, the endorsement from a $1.6 trillion partner provides the liquidity and validation needed to navigate the NRC licensing process. This confirms the "AI-to-Uranium" pipeline is accelerating. We view this as a major endorsement for the ecosystem, though expect volatility in SMR-related stocks as they transition from speculative "story stocks" to actual infrastructure developers.