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Oklo has received non-binding letters of intent to supply up to 750 MW from its Aurora power plant reactors to two major data center operators, expanding the project pipeline to approximately 2,100 MW. the advanced reactor company said Wednesday.
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In addition, Oklo completed an agreement with the U.S. Department of Energy in September and obtained an environmental permit, allowing the company to move forward with site characterization for the first reactor deployment, scheduled for the Idaho National Laboratory in late 2027, the company said Thursday in his report. Investor update third quarter 2024.
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Oklo plans to submit an initial combined license application for its 15 MW microreactor design to the U.S. Nuclear Regulatory Commission next year in support of INL implementation, followed shortly thereafter by subsequent combined license applications for early commercial deployments, CEO Jacob DeWitte said Thursday . revenue calling.
Since Oklo announced its plans to go public in July 2023, the company’s project pipeline has grown from 700 MW to about 2,100 MW, according to its third-quarter investor update.
The two new data center customers have asked not to be publicly identified at this time, Oklo Chief Financial Officer R. Craig Bealmear said Thursday.
In his Investor update second quarter 2024Oklo announced or repeated agreements or “pre-arrangements”. 50 MW of power for Diamondback Energy’s oil and gas operationsup to 100 MW of power to data center operator Prometheus Hyperscale (formerly Wyoming Hyperscale) and up to 500 MW of power to data center operator Equinix.
Oklo’s Q3 investor update hinted at additional customer announcements in the near future, citing “numerous commercial customer discussions underway [with] The conditions are being worked on before Oklo can announce this.”
Recently announced power purchase agreements between Microsoft and Constellation Energy And Amazon Web Services and Languages Energy “We have established new price floors for low-carbon baseload energy, some of which are expected to be at or above $100/MWh,” Oklo said in the investor update.
Oklo expects this pricing “to continue and sustain in the future,” DeWitte said. “We will have more clarity about the actual market prices for nuclear energy.”
The Federal Energy Regulatory Commission rejection of Talen-AWS’ amended interconnection services agreement earlier this month “could significantly boost near-term deployment in a sort of behind-the-meter island mode,” DeWitte said. With a 50 MW reactor design that matches the power demands of individual data halls — the smaller units that comprise larger data center campuses — and allows for iterative expansion as data center campuses expand, Oklo could benefit from such a paradigm, he said.
