CORIUMNuclear Regulatory Intelligence
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OKLO
FOUNDED
2013
HQ
Santa Clara, CA
TYPE
Public
DOCKET
05200077
TICKER
NYSE: OKLO
NRC LICENSING CIRCUIT
23 PTS
#4 OF 6
STALLING
LICENSING STAGE30 pts
MOMENTUM BONUS+3 pts
STALL PENALTY--10 pts
SUSPENSION
TOTAL23 pts
HOW WE SCORE →
Also tracked in: DOE PILOT · MICROREACTOR
Signal Indicators
FUNDING STRENGTHMEDIUM
$500M+ post-SPAC · DOE agreements
COMMERCIAL TRACTIONHIGH
Meta 1.2GW · OpenAI MOU · strongest pipeline
REGULATORY MOMENTUMMEDIUM
Second application under review · prior rejection
SUPPLY CHAIN READINESSMEDIUM
Fuel recycling in development · HALEU dependent

Signal indicators reflect Corium editorial assessment based on public data. Not investment advice.

KAIROS POWERGE VERNOVA
LOADING MARKET DATA…
NRC ADVANCED REACTOR CIRCUIT
LICENSE APPLICATION UNDER REVIEW
NO RECENT ACTIVITYLast activity: July 1, 2025
Last verified: April 2026 · Source: NRC ADAMS / Press Release · Scoring methodology ℹ
Recent Activity
Company Profile

Oklo Inc., headquartered in Santa Clara, California, is building the Aurora Powerhouse — a compact fast fission reactor designed to generate 15 to 75 MWe using recycled nuclear waste as fuel. Founded in 2013 by Jacob and Caroline DeWitte, Oklo went public in 2024 via SPAC merger (NYSE: OKLO). The company had its first combined license application rejected by the NRC in January 2022 citing insufficient accident analysis. A second application was submitted in 2023 and is currently under review. Oklo is targeting criticality at Idaho National Laboratory by July 4, 2026. Sam Altman served as Chairman until April 2025 when he stepped down to avoid conflicts with OpenAI's energy supply negotiations with the company. Meta Platforms has signed an agreement for 1.2 gigawatts of Oklo power. The company is also building a nuclear fuel recycling facility in Oak Ridge, Tennessee through its acquisition of Atomic Alchemy.

VISIT OKLO
Reactor Specs
REACTOR DESIGN
Aurora · Sodium Fast Microreactor

Uses liquid metal as coolant instead of water. Operates at higher temperature for greater thermal efficiency.

POWER OUTPUT
15 MWe

Powers ~12,195 average US homes. A standard large nuclear plant produces ~1,000 MWe.

COOLANT
Liquid Metal

High thermal efficiency. Metal coolants can breed new fissile material from fertile fuel, potentially extending fuel supply indefinitely.

FUEL TYPE
HALEU Metallic

High-Assay Low-Enriched Uranium metal. Enables compact cores but requires new US domestic enrichment capacity — a current supply chain constraint.

TARGET OPERATION
2027

US nuclear projects historically require 7–10 years from construction permit to first power. The 2027 target assumes factory-built modular components and no major regulatory delays.

SITE LOCATION
Idaho Falls, ID

Adjacent to Idaho National Laboratory — the DOE's primary nuclear energy research facility. Site has hosted test reactors since the 1950s.

Licensing Milestone Tracker
PRE-APPLICATION
2019
APPLICATION
Jul 2023
UNDER REVIEW
RAI RESOLVED
DESIGN CERTIFIED
CONSTRUCTION PERMIT
Investor Intelligence
Capital Overview
TOTAL RAISED
$500M+
post-SPAC
MARKET CAP
NYSE: OKLO
SHARES OUT
~165M
approximate
GOVT GRANTS
UNDISCLOSED
DOE agreements
Key Agreements
COUNTERPARTY
TYPE
CAPACITY
STATUS
YEAR
Meta Platforms
PPA
PPA
1.2 GWe
ACTIVE
2025
OpenAI
MOU
MOU
ACTIVE
2023
DOE INL
GOVT
GOVT
ACTIVE
2025
Atomic Alchemy
ACQ
ACQ
ACQUIRED
2025
Corium Assessment
Independent analysis · Not investment advice
RISK
NRC rejection history
First application denied in 2022. Second application under review. Two consecutive failures would be extremely damaging for investor confidence and the DOE pilot program.
STRENGTH
Strongest commercial pipeline in the microreactor space
Meta 1.2 GWe agreement is the largest announced nuclear power purchase in history relative to company stage. OpenAI interest adds further data center demand signal.
~ WATCH
July 4, 2026 criticality target
Self-imposed deadline with high visibility. Missing it would not be fatal but would reset investor sentiment significantly.
Corium assessments are independent editorial analysis based on public information. Not investment advice. Data sourced from NRC ADAMS, company filings, and press releases.
NRC Regulatory Journey
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