Oklo

Oklo

Develops advanced fission power plants

About

Oklo focuses on developing advanced fission power plants that provide clean and reliable energy. Their main product, the Aurora reactor, can generate up to 15 megawatts of power and operates for over 10 years without needing refueling. This reactor uses a unique approach to fission that enhances safety and allows for the recycling of nuclear waste as fuel, setting Oklo apart from traditional nuclear power plants. The company targets various clients, including industrial facilities and remote communities, and aims to offer sustainable energy solutions in the global market. Oklo's goal is to transform the nuclear energy sector by providing cost-effective and environmentally friendly power options.

Company Stage

IPO

Employees

51-200

Industries

Energy

Total Funding

$165.4K

Headquarters

N/A

Founded

2013


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Simplify's Take

What believers are saying

  • Oklo's recent listing on the New York Stock Exchange and $306 million in gross transaction proceeds bolster its financial stability and growth potential.
  • Partnerships with major companies like Wyoming Hyperscale and Diamondback Energy highlight Oklo's expanding market reach and credibility.
  • The agreement with Equinix to procure up to 500MW of nuclear power demonstrates significant demand for Oklo's advanced reactors.

What critics are saying

  • The withdrawal of the US military's offer for a microreactor could impact Oklo's credibility and future government contracts.
  • Navigating regulatory approvals and public perception challenges in the nuclear energy sector may pose significant hurdles.

What makes Oklo unique

  • Oklo's use of nuclear waste as fuel and its long operational life without refueling set it apart from traditional nuclear power solutions.
  • The Aurora reactor's inherent safety and ability to produce up to 15 MW of power for 10 years or longer without refueling provide a unique value proposition.
  • Oklo's focus on diverse markets, including industrial facilities, remote communities, and space missions, showcases its versatile and innovative approach.

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Growth & Insights
Headcount

6 month growth

20%

1 year growth

54%

2 year growth

175%

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