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Yahoo
7 days ago
- Business
- Yahoo
Oklo and Vertiv Announce Collaboration to Advance Power and Cooling Solutions for Hyperscale and Colocation Data Centers in the United States
Innovative Clean Energy Partnership Addresses Critical Data Center Power and Cooling Challenges SANTA CLARA, Calif., July 22, 2025--(BUSINESS WIRE)--Oklo Inc. (NYSE: OKLO), an advanced nuclear technology company, and Vertiv (NYSE: VRT), a global leader of critical digital infrastructure, today announced a collaboration agreement focused on the co-development of advanced power and thermal management solutions tailored specifically for hyperscale and colocation data centers, powered by steam and electricity from Oklo's advanced nuclear power plants. The pilot technology demonstration is planned for the initial Oklo Aurora powerhouse. In response to surging data center power demand in the U.S., Oklo and Vertiv are joining forces to revolutionize data center operations through an integrated solution that co-optimizes power and cooling, with Oklo's reliable clean energy generation and Vertiv's specifically designed advanced power and thermal management systems. By leveraging heat from Oklo's onsite power plant to drive Vertiv's cooling systems, the collaboration will significantly enhance data center energy efficiency. This approach delivers resilient power for demanding AI and high-performance computing operations while reducing environmental impact. The companies will work together to produce end-to-end reference designs for data centers that use Oklo's onsite power plants. "This agreement is about delivering clean power, energy-efficient cooling, and infrastructure solutions purpose-built for AI factories, data centers, and high density compute," said Jacob DeWitte, Co-Founder and CEO of Oklo. "We are developing a plant concept that leverages proven, off-the-shelf components without altering the core design of our plants. Vertiv is an expert in cooling and power innovation for data centers and critical infrastructure, so co-designing these solutions from the outset, we can create greater value and efficiency for data center and infrastructure operators." Vertiv CEO Gio Albertazzi stated, "Our collaboration with Oklo is an extension of Vertiv's commitment to energy-efficient infrastructure that supports modern data center demands. As the demand for AI and high-performance computing continues to grow, nuclear energy is increasingly a discussion point for hyperscale, colocation, and other large data centers. Vertiv is committed to driving innovation with the higher cooling capacities and energy efficiencies required to support modern data centers." Oklo's approach to power generation is designed to adapt quickly to market needs, offering customers more usable energy and enabling seamless teamwork between the power source and data center operations. By co-designing energy and thermal management from the beginning, and by deploying at a site adjacent to customer demand, Oklo and Vertiv will deliver a unified solution that simplifies deployment and enables improved performance and energy efficiency of data centers. These capabilities are uniquely enabled by Oklo's role as the owner and operator of its power plants, allowing for deeper integration with customer infrastructure and greater flexibility in how and where data centers are deployed. "This partnership shows how Oklo is thinking about how and where advanced nuclear can be deployed," added DeWitte. "We're enhancing what already works to meet the needs of fast-growing industries with the speed, flexibility, and direct integration that our model is built to deliver." This collaboration marks an important step in exploring how advanced nuclear energy can support the evolving power and cooling needs of data centers and other high-growth sectors, an increasing emphasis in Oklo's growing customer pipeline. About Oklo Inc.: Oklo Inc. is developing fast fission power plants to deliver clean, reliable, and affordable energy at scale, establishing a domestic supply chain for critical radioisotopes, and advancing nuclear fuel recycling to convert nuclear waste into clean energy. Oklo was the first to receive a site use permit from the U.S. Department of Energy for a commercial advanced fission plant, was awarded fuel from Idaho National Laboratory, and submitted the first custom combined license application for an advanced reactor to the U.S. Nuclear Regulatory Commission. Oklo is also developing advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and national laboratories. About Vertiv Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Forward-Looking Statements This press release includes statements that express Oklo's opinions, expectations, objectives, beliefs, plans, intentions, strategies, assumptions, forecasts or projections regarding future events or future results and therefore are, or may be deemed to be, "forward-looking statements." The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" or, in each case, their negative or other variations or comparable terminology, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, the benefits of the DOE's Voucher Program, results of operations, financial condition, liquidity, prospects, growth, strategies and the markets in which Oklo operates. Such forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. As a result of a number of known and unknown risks and uncertainties, the actual results or performance of Oklo may be materially different from those expressed or implied by these forward-looking statements. The following important risk factors could affect Oklo's future results and cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements: risks related to the deployment of Oklo's powerhouses; the risk that Oklo is pursuing an emerging market, with no commercial project operating, regulatory uncertainties; the potential need for financing to construct plants, market, financial, political and legal conditions; the effects of competition; the risk that the DOE's Voucher Program fails to produce the expected benefits; changes in applicable laws or regulations; and the outcome of any government and regulatory proceedings and investigations and inquiries. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties of the other documents filed by Oklo from time to time with the U.S. Securities and Exchange Commission. The forward-looking statements contained in this press release and in any document incorporated by reference are based on current expectations and beliefs concerning future developments and their potential effects on Oklo. There can be no assurance that future developments affecting Oklo will be those that Oklo has anticipated. Oklo undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Forward-looking statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. Category: Financial News View source version on Contacts Media and Investor Contact for Oklo: Bonita Chester, Head of Communications and Media at media@ Investor Contact: Sam Doane, Director of Investor Relations at investors@ For investor inquiries, please contact:Lynne MaxeinerVice President, Global Treasury & Investor RelationsVertivE: For media inquiries, please contact:Antonia CaamanoRuder Finn for VertivE: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-07-2025
- Business
- Yahoo
Why Oklo Stock Popped on Thursday
Key Points Oklo announced it has completed a "pre-application readiness assessment" for its first NRC reactor license. The company plans to file its application for a license for Phase 1 of its construction plan later this year. Oklo anticipates getting the reactor on line and generating revenue in 2027. 10 stocks we like better than Oklo › Oklo (NYSE: OKLO) stock jumped 4% through 1:20 p.m. ET Thursday after the small nuclear reactor-builder announced it has completed its Nuclear Regulatory Commission (NRC) "pre-application readiness assessment" for the first part of a combined license application (COLA) to build its "Aurora powerhouse" at Idaho National Laboratory (INL). What does this mean? Translated into English, this means Oklo is one step closer to building a small modular reactor at INL. More precisely, it's one step closer to being able to apply for permission to build said reactor. (Whether NRC deems the application worthy of approval remains to be seen.) Put this way, it's less of a needle-mover for the stock, but as Oklo CEO Jacob DeWitte explained, it does indicate that NRC thinks Oklo is on track to file an application with a decent chance of getting it approved. The next step for Oklo along this journey to approval (now underway for nearly a decade) will be to submit its COLA application, and that should happen later this year. Is Oklo stock a buy? Oklo's still a long way away from becoming a viable business, although it's 10 years closer than when it started. Long term, the company intends to build reactors in-house, place them on sites near its customers, then operate the reactors and supply power, charging for electricity much in the same way an ordinary electric utility does. If all goes as planned, the company's first reactor will go online in 2027, and the company will begin generating revenue that year. Oklo won't turn profitable until 2030, however, according to analysts. Whether the stock is a "buy" at its current $10 billion market cap depends very much on how much profit it will generate that year, and in all the years to come. Should you invest $1,000 in Oklo right now? Before you buy stock in Oklo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Oklo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,281!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,415!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Oklo Stock Popped on Thursday was originally published by The Motley Fool
Business Wire
17-06-2025
- Business
- Business Wire
Oklo's Atomic Alchemy Begins Site Characterization Work at Idaho National Laboratory
IDAHO FALLS, Idaho--(BUSINESS WIRE)--Oklo Inc. (NYSE: OKLO), an advanced nuclear technology company, announced today that its subsidiary Atomic Alchemy Inc. ('Atomic Alchemy') has commenced site characterization work at a potential location for a commercial radioisotope production facility in Idaho, at the Idaho National Laboratory (INL). This milestone builds on Atomic Alchemy's progress with prior approvals and agreements, including a Memorandum of Understanding secured in 2020 with the U.S. Department of Energy Idaho Operations Office (DOE-ID) to identify a suitable location to site the project at INL, as well as a license in late November that authorized initial site characterization activities. The site characterization activities include core borings to collect soil and rock samples that will provide essential data on subsurface composition and ensure that the production facility meets stringent safety and building code requirements while supporting the design of a robust structural foundation. 'This milestone reflects the incredible partnership between INL, DOE, and Atomic Alchemy,' said Thomas Eiden, Founder and CEO of Atomic Alchemy. 'We're proud to advance a reliable domestic supply of essential radioisotopes and help restore U.S. leadership in this critical field.' Atomic Alchemy is establishing one of the most advanced radioisotope production sites in the world, positioning the U.S. at the forefront of next-generation nuclear technology. The world is facing a shortage of many critical radioisotopes. These materials are vital for life-saving diagnostics, targeted cancer therapies, AI chip manufacturing, national security, and advanced R&D. Radioisotopes are expected to represent a $55.7 billion market opportunity by 2026, according to Research Nester, and demand is projected to increase significantly over the next decade. 'Oklo aims to address this growing market demand through reliable, U.S.-based radioisotope production facilities that leverage our nuclear reactor and fuel recycling technologies,' said Jacob DeWitte, Co-Founder and CEO of Oklo. 'Through Atomic Alchemy, we aim to execute transformative projects that will expand our capabilities in commercial radioisotope production.' The site characterization activities for Atomic Alchemy's radioisotope facility build on the recent DOE approval of site characterization activities for Oklo's Aurora Powerhouse project in Idaho, underscoring continued momentum in the development of advanced nuclear facilities. About Idaho National Laboratory Battelle Energy Alliance manages INL for the U.S. Department of Energy's Office of Nuclear Energy. INL is the nation's center for nuclear energy research and development and also performs research in each of DOE's strategic goal areas: energy, national security, science, and the environment. For more information, visit About Oklo Inc.: Oklo Inc. is developing fast fission power plants to deliver clean, reliable, and affordable energy at scale; establishing a domestic supply chain for critical radioisotopes; and advancing nuclear fuel recycling to convert nuclear waste into clean energy. Oklo was the first to receive a site use permit from the U.S. Department of Energy for a commercial advanced fission plant, was awarded fuel from Idaho National Laboratory, and submitted the first custom combined license application for an advanced reactor to the U.S. Nuclear Regulatory Commission. Oklo is also developing advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and national laboratories. About Atomic Alchemy Inc.: Atomic Alchemy Inc. is pioneering a resilient U.S.-based radioisotope supply chain to meet essential demands across healthcare, industry, research, and defense. With its proprietary VIPR® technology, Atomic Alchemy is building the first scalable production facility to provide a reliable, sustainable source of high-value radioisotopes. Using a vertically integrated model and fuel recycling, in partnership with Oklo, Atomic Alchemy is transforming isotope production to address global shortages, support critical applications, and strengthen national security. Forward-Looking Statements This press release includes statements that express Oklo's opinions, expectations, objectives, beliefs, plans, intentions, strategies, assumptions, forecasts or projections regarding future events or future results and therefore are, or may be deemed to be, 'forward-looking statements.' The words 'anticipate,' 'believe,' 'continue,' 'can,' 'could,' 'estimate,' 'expect,' 'intends,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' 'would' or, in each case, their negative or other variations or comparable terminology, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, the benefits of the proposed acquisition, results of operations, financial condition, liquidity, prospects, growth, strategies and the markets in which Oklo operates. Such forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. As a result of a number of known and unknown risks and uncertainties, the actual results or performance of Oklo may be materially different from those expressed or implied by these forward-looking statements. The following important risk factors could affect Oklo's future results and cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements: risks related to the development and deployment of Oklo's powerhouses; the risk that Oklo is pursuing an emerging market, with no commercial project operating, regulatory uncertainties; risks related to acquisitions, divestitures, or joint ventures we may engage in; the potential need for financing to construct plants; market, financial, political and legal conditions; the effects of competition; risks related to accessing HALEU and recycled fuels; risks related to our supply chain; risks related to power purchase agreements; risks related to human capital; risks related to our intellectual property; risks related to cybersecurity and data privacy; changes in applicable laws or regulations; the outcome of any government and regulatory proceedings and investigations and inquiries; the risk that the acquisition of Atomic Alchemy fails to produce the expected benefits; and those factors in the other documents filed by Oklo from time to time with the U.S. Securities and Exchange Commission. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties of the other documents filed by Oklo from time to time with the U.S. Securities and Exchange Commission. The forward-looking statements contained in this press release and in any document incorporated by reference are based on current expectations and beliefs concerning future developments and their potential effects on Oklo. There can be no assurance that future developments affecting Oklo will be those that Oklo has anticipated. Oklo undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Yahoo
14-06-2025
- Business
- Yahoo
Oklo Inc (OKLO) – Jumps 30% After New Government Deal
We recently published a list of . In this article, we are going to take a look at where Oklo Inc. (NYSE:OKLO) stands against other best-performing stocks on Wednesday. Oklo Inc. soared by 29.48 percent on Wednesday to finish at $68.03 apiece after it was selected by the US Air Force to deploy its advanced Aurora powerhouse to its military base in Alaska. In a statement, Oklo Inc. (NYSE:OKLO) said the project serves as the Department of the Air Force's (DAF) microreactor pilot to enhance energy resilience and reliability for critical national security infrastructure. Under the terms of the agreement, Oklo Inc. (NYSE:OKLO) will design, construct, own, and operate the power plant at the Eielson Air Force Base in Alaska. 'This Notice of Intent to Award reflects continued confidence in Oklo's ability to deliver clean and secure energy solutions for mission-critical infrastructure,' said Oklo Inc. (NYSE:OKLO) co-founder and CEO Jacob DeWitte. An aerial view of a power plant, symbolizing the company's investments in energy infrastructure sector. 'We are honored to support national defense resilience objectives while demonstrating the value of U.S.-pioneered fast reactor technology,' he added. Overall, OKLO ranks 1st on our list of best-performing stocks on Wednesday. While we acknowledge the potential of OKLO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Beware of OKLO Stock as Executive Orders Ignite Nuclear Sector
Nuclear reactor developer Oklo (OKLO) has experienced a share price increase of over 35% in recent days, following an executive order issued by President Trump. The order aims to strengthen the U.S. nuclear energy industry by prioritizing the development of new reactors and increasing domestic uranium production to enhance energy security, particularly in response to the projected rise in electricity demand from AI-driven data centers. The emphasis on more cost-effective and scalable small modular reactors (SMRs) aligns closely with Oklo's Aurora Powerhouse initiative. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter In addition, the company reported a strong first quarter for 2025, surpassing analyst expectations with a smaller-than-expected loss. Although still pre-revenue, Oklo is demonstrating sound financial management and making meaningful operational progress toward its planned commercial launch in 2026. With global demand for clean and dependable energy continuing to rise, Oklo is strategically positioned to contribute to this evolving sector through its innovative technology and growing network of partnerships. That said, the recent surge in share price appears to have already priced in much of this optimism. I currently maintain a neutral stance on the stock in the near term and prefer to monitor developments as the company approaches revenue generation. In the first quarter, Oklo reported no revenue, as expected at this stage of its development. However, the company posted a net loss of $0.07 per share, which came in ahead of analyst expectations ranging from $0.08 to $0.10 per share and marked a significant improvement from the $4.79 per share loss reported in the same quarter last year. The company continues to demonstrate disciplined cash management, with $12.2 million used in operations during the quarter. Management reaffirmed its full-year cash burn guidance of $65 million to $80 million. Oklo remains in a strong financial position, ending the quarter with $261 million in cash and no debt, providing a solid runway as it progresses toward its anticipated first revenues in early to mid-2026. Oklo has recently made progress on several fronts. Its flagship Aurora powerhouse project at the Idaho National Laboratory continued to advance through the regulatory process, recently securing key environmental and site-use permits. Licensing activities with the Nuclear Regulatory Commission also progressed, with fuel facility safety reviews moving forward. The company's acquisition of Atomic Alchemy potentially diversifies Oklo's future revenue streams by allowing it to produce and sell high-value radioisotopes alongside its core energy business. The acquisition also establishes a more reliable domestic supply chain for critical materials, reducing dependence on foreign sources and addressing shortages in healthcare, research, and industrial sectors. Oklo was recently selected as one of just eight qualified vendors for the U.S. Department of Defense's Advanced Nuclear Power program. This positions it for potential defense contracts, an important market segment for advanced nuclear technology. The company also highlighted its landmark non-binding Master Power Agreement with Switch, a major data center operator. This agreement, which could deploy up to 12 gigawatts of advanced nuclear power through 2044, represents one of the more significant corporate clean power agreements in the industry and firmly positions Oklo as a key power provider for AI and cloud infrastructure. Further, the company recently established a strategic partnership with RPower to develop a phased power model for data centers. This collaboration addresses the rapidly growing demand for efficient and flexible energy solutions to power computationally intensive AI applications. Finally, in April, Oklo announced that Sam Altman, CEO of OpenAI and an Oklo investor, would step down as board chair. With Altman's departure from the Oklo board, removing conflicts of interest, a power agreement between Oklo and OpenAI seems increasingly likely. Such a partnership would provide strong validation for Oklo's technology and could accelerate its growth trajectory. Looking ahead, Oklo remains committed to advancing its Aurora Powerhouse through the regulatory approval process, with construction slated to begin once all necessary permits are secured. The company continues to target initial revenue generation in the early to mid-2026 timeframe. A major strategic priority is expanding Oklo's customer pipeline, which now exceeds 14 gigawatts in potential demand. The company is actively pursuing long-term power purchase agreements with data centers, industrial operators, and defense installations—sectors characterized by increasing needs for clean, reliable energy. Oklo's build-own-operate business model is designed to deliver recurring revenue with attractive margins by deploying scalable, modular reactor technology. This differentiated approach stands in contrast to traditional nuclear projects and may offer enhanced financial predictability and return on investment once commercial operations commence. OKLO stock carries a Moderate Buy consensus rating based on five Buy, three Hold, and zero Sell ratings over the past three months. OKLO's average stock price target of $54.40 implies less than 1% upside potential over the next twelve months. Analysts following the company have had mixed reactions to recent developments. Wedbush analyst Daniel Ives increased Oklo's price target to $55, emphasizing the potential boost from executive orders by Donald Trump. This support could accelerate Oklo's timeline for regulatory approvals and commercial plant deployment, with expectations of increased federal funding and streamlined processes. Conversely, BTIG analyst Gregory Lewis and Citi analyst Vikram Bagri maintain a Hold rating on Oklo, highlighting ongoing regulatory challenges and reliance on limited HALEU fuel sources. While recent executive orders have provided positive momentum, these analysts note that Oklo's long-term potential is being hindered by current uncertainties and operational hurdles, suggesting that the market has already factored in much of the recent optimism. There is a lot to like about an opportunity to invest in a leader in the clean energy transition, and Oklo offers exposure to the growth of advanced nuclear energy, as well as the significant increase in power demand from AI infrastructure. The company's narrowing losses, strong partnerships, and strategic positioning suggest it may be well-positioned to capitalize on these converging opportunities as it approaches commercialization in 2026. However, investors should recognize that the company remains pre-revenue, with first commercial operations still approximately a year away. Regulatory uncertainty and potential timeline slippage represent key risks, as does the competitive landscape in advanced nuclear technology. Oklo is an investment suitable for investors with a high risk tolerance and a long-term investment horizon. Its recent performance indicates growing market confidence in its ability to deliver on its targets. However, volatility is likely to persist in the short term, and I prefer to remain on the sidelines until the firm is closer to commercialization. Disclaimer & DisclosureReport an Issue Sign in to access your portfolio
