Oklo Inc.

Co-founders Jacob DeWitte (CEO) and Caroline Cochran (COO) run day-to-day operations and hold significant equity. Sam Altman serves as Chairman and was instrumental in taking Oklo public via his AltC Acquisition Corp. SPAC. The board includes executives with nuclear, regulatory, and venture-capital experience.

Aurora is a liquid-metal-cooled fast reactor producing under 50 MWe, designed for small-footprint, behind-the-meter deployment. It runs on high-assay low-enriched uranium and can consume spent nuclear fuel, operating for up to a decade without refueling. This contrasts with gigawatt-scale light-water reactors that require large safety zones and refuel every 18–24 months.

Revenue is expected from long-term power purchase agreements with industrial and data-center customers, plus a fuel-services stream that recycles legacy spent fuel into fresh reactor fuel. The company has disclosed term sheets with data-center operators and a memorandum of understanding with Diamondback Energy for Permian Basin power supply (per SEC filings, 2023–2024).

Oklo holds a Department of Energy site use permit for its first commercial plant at Idaho National Laboratory and has submitted a combined operating license application to the Nuclear Regulatory Commission under Part 52. This dual-track regulatory path is unique among advanced reactor developers in the United States.

Oklo is building a fuel-fabrication capability in partnership with Centrus Energy and Argonne National Laboratory. The intention is to produce high-assay low-enriched uranium fuel from downblended government stockpiles and eventually from reprocessed spent nuclear fuel, integrating vertically beyond reactor design and power sales.

Sam Altman is Oklo's Chairman and was the largest shareholder before the 2024 SPAC merger. He has publicly framed Oklo as a critical enabler of AI infrastructure, given the immense power requirements of next-generation data centers. Altman's AltC Acquisition Corp. was the SPAC vehicle that took Oklo public in May 2024.

Data centers and AI infrastructure are the primary near-term offtake targets, followed by oil-and-gas operations seeking behind-the-meter power, remote communities, and industrial heat users. The firm has not signaled interest in utility-scale grid-connected baseload plants in its current public communications.