Oklo Inc. (OKLO) has signed a landmark agreement with Meta Platforms (META) for a 1.2-gigawatt nuclear campus in Ohio. The deal positions OKLO as a key player in the AI power sector, though regulatory and construction hurdles lie ahead. The agreement focuses on direct power and heat sales to customers.

The timeline for the project includes pre-construction activities starting in 2026 and full capacity by 2034. OKLO plans to use multiple Aurora reactor units to support Meta’s data center growth. The campus will be located in Pike County, OH, on land owned by OKLO.

The META agreement includes a prepayment mechanism to fund early development and fuel procurement. This helps reduce financing uncertainty during the pre-construction phase. OKLO is still pre-revenue, with earnings largely dependent on future expectations.

OKLO’s first project, Aurora-INL, faces regulatory hurdles and isn’t expected to generate revenue until late 2027. The company’s expenses are outpacing inflows, with negative earnings estimates through 2026. Investors will need patience as the company navigates these challenges.

In addition to power sales, OKLO is advancing a radioisotope commercialization path to produce medical isotopes. The company aims to strengthen domestic isotope production, starting with a pilot facility. Revenue from this venture is expected to be modest in the near term.

The company faces timing risks due to regulatory approvals, construction milestones, and fuel supply uncertainties. The META agreement and fuel strategy provide upside potential, but delays in execution could impact the company’s progress. Investors should compare OKLO to industry peers like Constellation Energy (CEG) and Cameco Corporation (CCJ).

Read more at Nasdaq: OKLO’s 1.2 GW META Agreement: Is it a Long Term Bet or Risk?