OKLO

Cluster: Commercial Nuclear Deployment & Powerhouse Development

Commitment: 2025-05-27 – Collaboration with Korea Hydro & Nuclear Power to deploy the 75 MWe Aurora powerhouse at Idaho National Laboratory; advancing through licensing with plans to submit a formal COLA later in 2025.

✅ On Track | Certainty: 95%Analysis: A recent update from 2025-05-27 (Document 7) confirms the collaboration with KHNP to advance design, project development, and licensing activities. This evidence, supported by the scheduled COLA submission later in 2025, strongly indicates that progress is on track.Progress:* 2025-05-27: Collaboration Agreement with KHNP confirms joint efforts on advanced nuclear technology and project licensing (Document 7).

Commitment: 2025-05-13 – Completion of site characterization borehole drilling to support Aurora powerhouse development, emphasizing progress toward a Combined License Application approval.

✅ On Track | Certainty: 100%Analysis: The completion of borehole drilling was explicitly reported on 2025-05-13 (Document 10), which validates the geotechnical assessments required for the Combined License Application. This direct match in timing and deliverable provides strong evidence for on-track progress.Progress:* 2025-05-13: Completion of site characterization borehole drilling reported, confirming readiness for infrastructure and licensing steps (Document 10).

Commitment: 2025-05-13 – Commitment to commercial deployment of the first Aurora powerhouse unit, targeting operational status by late 2027 to early 2028.

✅ On Track | Certainty: 90%Analysis: Multiple updates (e.g., from the Q1 earnings call and management discussions in Documents 8 and 9) consistently reaffirm the targeted commercial deployment timeframe of late 2027 to early 2028. This alignment of forward-looking guidance supports the commitment.Progress:* 2025-05-13: Deployment targets reiterated in management discussions and earnings calls, confirming anticipated operational status by late 2027 to early 2028 (Documents 8 & 9).

Commitment: 2024-06-27 – (Earlier version) Planning for the first commercial power plant at INL with site use permit and fuel award; now superseded by more detailed and later commitments.

✅ On Track | Certainty: 80%Analysis: Although this commitment represents an earlier version, its key elements have been refined and superseded by subsequent, more detailed commitments (e.g., the 2025-05-27 and 2025-05-13 updates). The latest evidence takes precedence, confirming that the overall initiative remains on track.Progress:* 2025-05-27 & 2025-05-13: Updated commitments affirm detailed project execution that overrides this earlier version (Documents 7 & 10).

Commitment: 2024-09-25 – Through a DOE Memorandum of Agreement, initiatives were set for timely site investigations and smooth transition to construction, informing current efforts.

✅ On Track | Certainty: 90%Analysis: The DOE Memorandum of Agreement finalized on 2024-09-25 (Document 27) has set a clear path for site investigations and preparation for construction. This foundational regulatory and operational step supports current project efforts.Progress:* 2024-09-25: Finalization of MOA with the DOE enables site investigations and underpins the construction transition (Document 27).

Cluster: Regulatory & Environmental Compliance

Commitment: 2025-06-10 – Commitment to obtain regulatory approval for the Licensed Operator Topical Report, along with establishing a streamlined and integrated licensing pathway for Aurora powerhouse technology.

✅ On Track | Certainty: 100%Analysis: A document published on 2025-06-10 (Document 5) confirms that the NRC has accepted Oklo's Licensed Operator Topical Report for review. This strong, recent evidence shows clear progress in streamlining the licensing process.Progress:* 2025-06-10: NRC review of the Licensed Operator Topical Report confirms progress toward an integrated licensing pathway (Document 5).

Commitment: 2025-05-13 – Efforts to enhance regulatory efficiency through innovative licensing strategies and proactive discussions with the NRC to reduce application review timeframes.

✅ On Track | Certainty: 85%Analysis: The ongoing dialogue with the NRC, as evidenced by related updates and the subsequent Pre-Application Readiness Assessment (Document 14), supports the commitment to enhance regulatory efficiency. Though not tied to a single update on 2025-05-13, the cumulative efforts indicate steady progress.Progress:* 2025-03-24: Engagement with the NRC for the Pre-Application Readiness Assessment underscores efforts to reduce licensing timeframes (Document 14).

Commitment: 2025-03-24 – Engagement with the NRC for a Pre-Application Readiness Assessment and plans to submit a formal Combined License Application, with initiatives to reduce licensing fees by nearly 55%.

✅ On Track | Certainty: 90%Analysis: The update from 2025-03-24 (Document 14) clearly states that Oklo is engaging with the NRC for a Pre-Application Readiness Assessment and highlights the reduced licensing fee initiative. The quantitative fee reduction plan reinforces the strength of this commitment.Progress:* 2025-03-24: NRC Pre-Application Readiness Assessment engagement and fee reduction strategy detailed (Document 14).

Commitment: 2025-03-20 – Commitment to strict environmental stewardship during site investigations for the first commercial powerhouse, ensuring compliance with all regulatory benchmarks.

✅ On Track | Certainty: 85%Analysis: Multiple interactions with regulatory bodies (including environmental review processes mentioned in Documents 16 and 27) underscore Oklo’s commitment to environmental stewardship during site investigations. This is in line with the required compliance benchmarks.Progress:* 2025-03-20: Environmental stewardship during site investigations is maintained through robust regulatory processes (Documents 16 & 27).

Commitment: 2024-11-07 – (Earlier version) Completion of environmental compliance processes and commencement of site characterization; now further refined by later commitments.

✅ On Track | Certainty: 80%Analysis: Although this earlier commitment from 2024-11-07 has been refined by subsequent updates, its core objective of completing environmental compliance has been achieved and further enhanced by later processes, affirming overall progress.Progress:* 2024-11-07: Initial environmental compliance completed, with later documents providing refined and updated requirements (Documents 26 & 27).

Cluster: Strategic Partnerships & Market Expansion

Commitment: 2025-06-11 – Commitment to design, construct, own, and operate a clean power plant for Eielson Air Force Base in Alaska under a long-term power purchase agreement.

✅ On Track | Certainty: 100%Analysis: The update published on 2025-06-11 (Document 3) confirms Oklo’s selection as the intended provider for clean power at Eielson Air Force Base. The long-term power purchase agreement and design-build-operate model are clearly supported by the recent evidence.Progress:* 2025-06-11: Notice of Intent to Award for the clean power project at Eielson Air Force Base validates the commitment (Document 3).

Commitment: 2025-01-17 – Partnership for phased power solutions targeting U.S. data centers, combining natural gas generation with a transition to emissions‐free energy from Aurora powerhouses.

✅ On Track | Certainty: 95%Analysis: The partnership announced on 2025-01-17 (Document 21) outlines a phased approach that transitions data centers from natural gas to nuclear power. The strategy is well delineated and aligns with the broader market expansion efforts.Progress:* 2025-01-17: MOU with RPower confirms the phased power solution for data centers (Document 21).

Commitment: 2024-12-18 – Establishment of a non-binding Master Power Agreement with Switch, targeting deployment of 12 GW of advanced nuclear power to meet clean energy needs through 2044.

✅ On Track | Certainty: 95%Analysis: The agreement with Switch, detailed in the update from 2024-12-18 (Document 22), represents a significant strategic partnership aimed at large-scale clean energy deployment. The parameters laid out in the Master Power Agreement reinforce the commitment.Progress:* 2024-12-18: Non-binding Master Power Agreement with Switch confirms strategic market expansion (Document 22).

Commitment: 2024-11-14 – Strategic partnership with Equinix committing 500 MW of power; this initiative sets the stage for additional collaborations across the data center space.

✅ On Track | Certainty: 95%Analysis: Evidence from the Q3 2024 update (Document 23) and related discussions clearly confirm the strategic partnership with Equinix. The commitment reinforces the company’s market expansion efforts in the data center arena.Progress:* 2024-11-14: Equinix partnership is confirmed through strategic announcements and earnings calls (Document 23).

Commitment: 2024-11-13 – Partnership agreements for U.S. data center power supply that expand the customer pipeline by over 2,100 MW.

✅ On Track | Certainty: 95%Analysis: Multiple updates, including the 2024-11-13 announcement (Document 25), detail significant partnership agreements that add over 2,100 MW to the customer pipeline. This clear evidence underscores robust progress in market expansion.Progress:* 2024-11-13: LOIs for U.S. data center power supply expand the customer pipeline significantly (Document 25).

Cluster: Nuclear Fuel Recycling & Radioisotope Production

Commitment: 2025-06-17 – Expansion of radioisotope production capabilities aimed at addressing domestic supply shortages and capturing a share of a $55.7 billion market opportunity, with a strategic focus on medical and industrial applications.

✅ On Track | Certainty: 95%Analysis: The recent update from 2025-06-17 (Document 1) highlights the commencement of site characterization work linked to commercial radioisotope production. This, along with complementary strategic efforts, provides strong evidence for on-track progress.Progress:* 2025-06-17: Site characterization for a commercial radioisotope production facility reinforces market expansion plans (Document 1).

Commitment: 2025-03-05 – Acquisition of Atomic Alchemy Inc. to diversify into sectors such as biotech, pharmaceuticals, and defense; this commitment also includes establishing specialized radioisotope production capabilities and accelerating revenue streams.

✅ On Track | Certainty: 100%Analysis: The acquisition of Atomic Alchemy was completed on 2025-03-05 (Document 17), directly supporting the expansion into radioisotope production and related markets. The strong confirmation of the deal underpins this commitment effectively.Progress:* 2025-03-05: Acquisition of Atomic Alchemy Inc. completed, boosting radioisotope production capabilities (Document 17).

Commitment: 2024-11-14 – (Earlier version) Proposed acquisition of Atomic Alchemy to expand into the radioisotope market; the 2025 acquisition supersedes this earlier commitment.

✅ On Track | Certainty: 80%Analysis: This earlier commitment has been superseded by the successful acquisition of Atomic Alchemy in March 2025. While the original plan is outdated, the new acquisition confirms that the strategic intent has been fully met with more robust execution.Progress:* 2025-03-05: Updated acquisition of Atomic Alchemy supersedes the earlier proposal (Document 17).

Commitment: 2024-07-17 – Completion of an end-to-end demonstration of advanced fuel recycling processes intended to reduce fuel costs and extract over 90% of the residual energy from used nuclear fuel.

✅ On Track | Certainty: 90%Analysis: The successful demonstration completed on 2024-07-17 (Document 29) confirms the technological viability of Oklo’s fuel recycling process. This milestone underlines a key step toward commercial-scale implementation.Progress:* 2024-07-17: End-to-end demonstration of advanced fuel recycling completed, validating cost-reduction and efficiency goals (Document 29).

Commitment: 2024-06-27 – Commitment to build a commercial-scale fuel recycling facility in the United States, targeting completion by the early 2030s.

✅ On Track | Certainty: 90%Analysis: Evidence from the broader set of documents, including market analysis in Document 30, affirms the strategic intent to build a fuel recycling facility. The timeline and related cost-benefit considerations are consistent with the commitment.Progress:* 2024-06-27: Planning for a commercial-scale fuel recycling facility is confirmed in strategic assessments (Document 30).

Cluster: Financial Management & Capital Deployment

Commitment: 2025-06-12 – Use of net proceeds from a public offering targeting approximately $400 million for general corporate purposes, working capital, capital expenditures, and future investments (overriding the similar public offering commitment dated 2025-06-11).

✅ On Track | Certainty: 100%Analysis: The pricing of the public offering reported on 2025-06-12 (Document 2) aligns closely with the commitment, with clear details on net proceeds and intended uses. This confirms that the financial strategy is being executed as planned.Progress:* 2025-06-12: Public offering pricing and proceeds allocation for corporate and capital purposes confirmed (Document 2).

Commitment: 2025-03-30 – Commitment to executing the business plan through significant operating expenditures, funding operations via cash and marketable securities, implementing new lease agreements, and increasing R&D investment.

✅ On Track | Certainty: 90%Analysis: The update from 2025-03-30 (Document 13) details the planned operating expenditures and related financial strategies that support ongoing business execution. The commitment is well supported by current financial discussions.Progress:* 2025-03-30: Management discussion confirms operating expenditures, lease agreements, and R&D investments (Document 13).

Commitment: 2024-11-14 – Focus on transparent financial management with clear updates on cash burn and operating expenses to support sustainable growth.

✅ On Track | Certainty: 90%Analysis: Public disclosures, including those in earnings calls and financial reviews (Documents 23 and 13), consistently emphasize transparent tracking of cash burn and operating expenses. This ongoing focus supports the commitment well.Progress:* 2024-11-14: Transparent financial management and operating expense updates reported in recent earnings calls (Document 23).

Cluster: Organizational Leadership & Workforce Development

Commitment: 2025-05-13 – Appointment of a new Chief Technology Officer tasked with commercializing advanced nuclear technologies, building high-performing engineering teams, and establishing a mature engineering organization.

✅ On Track | Certainty: 100%Analysis: The appointment of a new CTO on 2025-05-13 (Document 11) directly addresses the commitment. The experienced hire is positioned to drive commercialization and improve organizational capabilities, validating the strategic intent.Progress:* 2025-05-13: Appointment of Pat Schweiger as CTO confirms leadership strengthening in advanced nuclear technologies (Document 11).

Commitment: 2025-05-13 – Ongoing hiring and workforce expansion initiatives to support R&D efforts and broad corporate strategies.

✅ On Track | Certainty: 90%Analysis: Multiple updates indicate active workforce expansion initiatives including hiring for R&D and corporate functions. These efforts align with the commitment to build high-performing teams to support growth.Progress:* 2025-05-13: References in management discussions and operational updates highlight ongoing hiring and team expansion (Documents 8 & 9).

Commitment: 2025-02-06 – Commitment to ensuring leadership continuity and a smooth board transition following changes in board membership, reinforcing organizational stability.

✅ On Track | Certainty: 95%Analysis: The board transition announcement dated 2025-02-06 (Document 19) clearly confirms steps taken to ensure leadership continuity. The swift response to board changes underscores a commitment to organizational stability.Progress:* 2025-02-06: Announcement of board transition following Chris Wright's confirmation as Secretary of Energy reaffirms leadership continuity (Document 19).