TLDR
- Oklo stock jumped 20% after announcing Meta partnership for 1.2 gigawatt nuclear campus in Ohio
- Meta will prepay for power and provide funding for Oklo’s Aurora powerhouse development
- Vistra stock rose 14% on separate deal to supply Meta 2,600 megawatts from nuclear plants
- Pre-construction starts 2026 with first phase targeted for 2030 and full capacity by 2034
- Oklo reactors still pending Nuclear Regulatory Commission approval
Oklo stock surged 20% in premarket trading Friday after announcing a partnership with Meta Platforms. The deal supports a 1.2 gigawatt nuclear power campus in Pike County, Ohio.
The facility will power Meta’s regional data centers. This includes the company’s AI supercluster in New Albany.
Meta will prepay for power under the agreement. This funding provides project certainty for Oklo’s Aurora powerhouse.
Oklo will use the funds to secure nuclear fuel and advance Phase 1 development. The company targets full 1.2 gigawatt capacity by 2034.
The Aurora powerhouse runs on recycled nuclear waste. It represents a new generation of advanced fast reactors.
Vistra Lands Separate Meta Contract
Vistra also secured a major Meta deal. The company signed 20-year power purchase agreements worth over 2,600 megawatts.
Meta will buy 2,176 megawatts from Vistra’s Perry and David-Besse sites in Ohio. The contracts include 433 megawatts that can be added from Ohio and Pennsylvania plants.
Vistra stock climbed 14% in premarket. This made it the top S&P 500 performer during the session.
The deals highlight growing nuclear power demand for data centers. Tech companies need more energy as AI workloads expand.
Timeline and Regulatory Hurdles
Oklo obtained rights to 260 acres in Ohio before going public in 2024. Discussions with Meta date back to 2023.
CEO Jacob DeWitte said the company’s vision for Ohio nuclear powerhouses is becoming reality. Pre-construction begins in 2026.
The first phase targets 2030 for initial operations. Full capacity is expected by 2034.
Oklo declined to share specific financial figures. The funding represents a confidence boost for the pre-revenue startup.
The company faces regulatory challenges ahead. Oklo has yet to earn Nuclear Regulatory Commission approval for its reactors.
The NRC accepted Oklo’s principal design criteria report for review in September. This review proceeds under an accelerated timeline.
Oklo held a groundbreaking ceremony at Idaho National Laboratory in September 2024. Construction started with deployment targeted for late 2027 or 2028.
The Energy Department selected Oklo for its Reactor Pilot Program. The program aims for three test reactors by July 2026.
Urvi Parekh, Meta’s head of global energy, said the agreement supports Meta’s regional operations and AI infrastructure. The project will create thousands of construction and long-term jobs in southern Ohio.
