Oklo selected to provide nuclear power to Air Force base in Alaska

SANTA CLARA - Oklo Inc. (NYSE: OKLO), a $7.3 billion market cap company whose stock has surged over 450% in the past year, has received a Notice of Intent to Award from the Defense Logistics Agency Energy to deploy its Aurora nuclear powerhouse at Eielson Air Force Base in Alaska, according to a press release issued Wednesday. According to InvestingPro data, the company maintains a strong balance sheet with more cash than debt, though analysts expect it to remain unprofitable this year.

The project will serve as the Department of the Air Force’s microreactor pilot program aimed at enhancing energy resilience for critical national security infrastructure. Under the anticipated agreement, Oklo would design, build, own, and operate the power plant, providing both electricity and heat to the base through a long-term power purchase agreement. While the company’s stock has shown remarkable momentum with a 173% gain over the past six months, InvestingPro analysis suggests the stock may be trading above its Fair Value, with 12 additional exclusive insights available to subscribers.

"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 Jacob DeWitte, Co-Founder and CEO of Oklo.

The company’s Aurora powerhouse design uses fast reactor technology to provide continuous energy that can operate independently from the grid, a key feature for remote installations like Eielson Air Force Base.

This designation follows a comprehensive evaluation process by the Department of Defense, which again named Oklo as the apparent successful offeror for the project.

Oklo describes itself as a developer of fast fission power plants and was previously the first company to receive a site use permit from the U.S. Department of Energy for a commercial advanced fission plant.

The press release did not specify a timeline for construction or operation of the facility. For investors seeking deeper analysis of Oklo’s financial health and growth prospects, InvestingPro offers a comprehensive research report with detailed metrics and expert insights, available as part of its coverage of over 1,400 US equities.

In other recent news, Oklo Inc. has made significant strides in its regulatory process with the U.S. Nuclear Regulatory Commission (NRC), as the agency begins reviewing the company’s Licensed Operator Topical Report. This innovative approach could streamline the licensing process for their Aurora powerhouses. Additionally, Oklo held its annual stockholder meeting, where Michael Klein and Lieutenant General (ret.) John Jansen were elected as Class I directors, and Deloitte & Touche LLP was ratified as the independent auditor for the fiscal year 2025. Craig Hallum analysts have expressed a positive outlook for Oklo, highlighting the company’s potential to benefit from the growing demand for advanced nuclear solutions. Oklo also supports recent executive orders from the White House aimed at accelerating the deployment of advanced nuclear technologies, aligning with its strategy to advance America’s energy independence. Furthermore, William Blair has initiated coverage of Oklo with an Outperform rating, citing the company’s unique strategy and potential for market adoption. These developments reflect Oklo’s ongoing efforts to position itself as a leader in the advanced nuclear energy sector.

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