Latest news with #OkloInc
Yahoo
6 days ago
- Business
- Yahoo
Oklo and Liberty Energy Launch Next-Generation Integrated Power Solution
SANTA CLARA, Calif. & DENVER, July 23, 2025--(BUSINESS WIRE)--Oklo Inc. (NYSE: OKLO) ("Oklo"), an advanced nuclear technology company, and Liberty Energy Inc. (NYSE: LBRT) ("Liberty"), a leader in innovative energy services and technologies, launched a strategic alliance to accelerate integrated power solutions for large-scale, high-demand customers, including data centers, industrial facilities, and utility-scale sites. Together, the companies will offer an integrated deployment strategy that meets immediate power demand with natural gas generation and variable load management solutions, while providing a clear path toward zero-carbon baseload power with Oklo's advanced nuclear powerhouses. Liberty's Forte℠ natural gas power generation and load management solution will provide initial reliable primary power and flexible energy services, along with future grid management services focused on optimization and resiliency. As Oklo's Aurora powerhouses come online, they will be integrated to provide clean, continuous baseload energy, complementing Liberty's natural gas power. This alliance will deliver a comprehensive, turnkey managed power solution to the companies' customers, providing immediate, uninterrupted power while supporting a path to integrating next-generation energy infrastructure. "Our strategic alliance with Oklo advances a power strategy aimed at accelerating deployment for sophisticated, large load customers. This innovative approach redefines how today's most energy-intensive industries can scale efficiently with cost-effective, next-generation power solutions, combining rapid deployment, intelligent load management, and integrated grid management," said Ron Gusek, Chief Executive Officer of Liberty. "We are excited to offer developers unmatched speed to market, price stability, and a future-ready energy platform." Liberty Energy was an early investor in Oklo, committing $10 million in 2023. After evaluating companies and technologies across the advanced nuclear space, Liberty identified Oklo's innovative business model, small and scalable design, and differentiated technology as an important strategic solution to meet the growing power demands of large-scale energy users. "This collaboration gives large-scale power users a turnkey alternative that integrates generation, backup, grid interaction, and optimization, all through a single provider," said Jacob DeWitte, Co-Founder and CEO of Oklo. "We're delivering a next-generation approach to energy that gives customers the ability to scale power with confidence and offers a clear path to zero-carbon energy." 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. 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. Source: Oklo Inc. About Liberty Liberty Energy Inc. (NYSE: LBRT) is a leading energy services company. Liberty is one of the largest providers of completion services and technologies to onshore oil, natural gas, and enhanced geothermal energy producers in North America. Liberty also owns and operates Liberty Power Innovations LLC, providing advanced distributed power and energy storage solutions for the commercial and industrial, data center, energy, and mining industries. Liberty was founded in 2011 with a relentless focus on value creation through a culture of innovation and excellence and the development of next generation technology. Liberty is headquartered in Denver, Colorado. For more information, please visit and or contact Investor Relations at IR@ Forward-Looking and Cautionary Statements The information above includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included herein are forward-looking statements. These forward-looking statements are identified by their use of terms and phrases such as "may," "expect," "estimate," "outlook," "project," "plan," "position," "believe," "intend," "achievable," "forecast," "assume," "anticipate," "will," "continue," "potential," "likely," "should," "could," and similar terms and phrases. However, the absence of these words does not mean that the statements are not forward-looking. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. These forward-looking statements represent our current expectations or beliefs concerning future events, and it is possible that the results described in this release will not be achieved. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in Liberty's filings with the Securities and Exchange Commission. As a result of these factors, many of which are beyond our control, actual results may differ materially from those indicated or implied by such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, we do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. View source version on Contacts Oklo Contacts: Bonita Chester, Head of Communications and Media at media@ Sam Doane, Director of Investor Relations at investors@ Liberty Energy Contacts: Michael Stock, Liberty Energy, Chief Financial OfficerAnjali Voria, Liberty Energy, Vice President of Investor Relations303-515-2851IR@ 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
Business Wire
6 days ago
- Business
- Business Wire
Oklo and Liberty Energy Launch Next-Generation Integrated Power Solution
SANTA CLARA, Calif. & DENVER--(BUSINESS WIRE)--Oklo Inc. (NYSE: OKLO) ('Oklo'), an advanced nuclear technology company, and Liberty Energy Inc. (NYSE: LBRT) ('Liberty'), a leader in innovative energy services and technologies, launched a strategic alliance to accelerate integrated power solutions for large-scale, high-demand customers, including data centers, industrial facilities, and utility-scale sites. Together, the companies will offer an integrated deployment strategy that meets immediate power demand with natural gas generation and variable load management solutions, while providing a clear path toward zero-carbon baseload power with Oklo's advanced nuclear powerhouses. Liberty's Forte℠ natural gas power generation and load management solution will provide initial reliable primary power and flexible energy services, along with future grid management services focused on optimization and resiliency. As Oklo's Aurora powerhouses come online, they will be integrated to provide clean, continuous baseload energy, complementing Liberty's natural gas power. This alliance will deliver a comprehensive, turnkey managed power solution to the companies' customers, providing immediate, uninterrupted power while supporting a path to integrating next-generation energy infrastructure. 'Our strategic alliance with Oklo advances a power strategy aimed at accelerating deployment for sophisticated, large load customers. This innovative approach redefines how today's most energy-intensive industries can scale efficiently with cost-effective, next-generation power solutions, combining rapid deployment, intelligent load management, and integrated grid management,' said Ron Gusek, Chief Executive Officer of Liberty. 'We are excited to offer developers unmatched speed to market, price stability, and a future-ready energy platform.' Liberty Energy was an early investor in Oklo, committing $10 million in 2023. After evaluating companies and technologies across the advanced nuclear space, Liberty identified Oklo's innovative business model, small and scalable design, and differentiated technology as an important strategic solution to meet the growing power demands of large-scale energy users. 'This collaboration gives large-scale power users a turnkey alternative that integrates generation, backup, grid interaction, and optimization, all through a single provider,' said Jacob DeWitte, Co-Founder and CEO of Oklo. 'We're delivering a next-generation approach to energy that gives customers the ability to scale power with confidence and offers a clear path to zero-carbon energy.' 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. 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. Source: Oklo Inc. About Liberty Liberty Energy Inc. (NYSE: LBRT) is a leading energy services company. Liberty is one of the largest providers of completion services and technologies to onshore oil, natural gas, and enhanced geothermal energy producers in North America. Liberty also owns and operates Liberty Power Innovations LLC, providing advanced distributed power and energy storage solutions for the commercial and industrial, data center, energy, and mining industries. Liberty was founded in 2011 with a relentless focus on value creation through a culture of innovation and excellence and the development of next generation technology. Liberty is headquartered in Denver, Colorado. For more information, please visit and or contact Investor Relations at IR@ Forward-Looking and Cautionary Statements The information above includes 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included herein are forward-looking statements. These forward-looking statements are identified by their use of terms and phrases such as 'may,' 'expect,' 'estimate,' 'outlook,' 'project,' 'plan,' 'position,' 'believe,' 'intend,' 'achievable,' 'forecast,' 'assume,' 'anticipate,' 'will,' 'continue,' 'potential,' 'likely,' 'should,' 'could,' and similar terms and phrases. However, the absence of these words does not mean that the statements are not forward-looking. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. These forward-looking statements represent our current expectations or beliefs concerning future events, and it is possible that the results described in this release will not be achieved. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in Liberty's filings with the Securities and Exchange Commission. As a result of these factors, many of which are beyond our control, actual results may differ materially from those indicated or implied by such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, we do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Bloomberg
15-07-2025
- Business
- Bloomberg
Oklo Hires Kiewit to Build Small Nuclear Plant at Idaho Lab
Save Oklo Inc. has selected a contractor to build its first nuclear power plant, a sign the energy startup is gaining momentum in its efforts to deliver a new type of reactor. Kiewit Nuclear Solutions Co. agreed to be the lead constructor for a small reactor Oklo plans to install at Idaho National Laboratory. Oklo expects to submit an application for its design to the Nuclear Regulatory Commission by the end of this year, and the Idaho plant may be complete by late 2027, Chief Executive Officer Jacob DeWitte said Tuesday on Bloomberg TV.
Yahoo
05-07-2025
- Business
- Yahoo
How Oklo Plans to Power the AI & Cloud Boom With Nuclear Energy
Among the customers that Oklo Inc. OKLO is actively engaging with are companies that operate large data centers. Since data centers are facilities that power everything from cloud storage to artificial intelligence, they require massive amounts of energy to run the servers around the clock. The company's Aurora powerhouse, currently in development, aims to provide clean and reliable energy if successfully commercialized. OKLO's power-as-a-service business model, where instead of simply selling reactors, it will deliver electricity directly to data centers under long-term contracts, is central to its strategy, but not yet implemented. As a result, if successfully deployed, technology companies, OKLO's high-power customers, would be guaranteed electricity without the hassle of managing a power plant once the plants are operational. Additionally, OKLO is willing to accept investments from customers in its projects. This could involve upfront payments, similar to a deal made by Equinix, or partnering in the energy systems. This is how OKLO intends to fund the construction of its power plant, and in return, expects to provide stable power to customers for a set period. To find out the best locations for future reactors, OKLO is also working with its customers, which will further strengthen the deals. Thus, the company is working to position itself to meet the mounting demand for clean energy sources from the data centers, though significant execution risks remain. The strength of this demand is demonstrated by Oklo's robust customer pipeline, which now includes more than 14 gigawatts of potential power capacity, though this reflects interest rather than binding contracts. It is worth highlighting Talen Energy Corporation's TLN major partnership with Amazon Web Services (AWS). TLN is generating revenues while supplying electricity directly to AWS data centers located at its Susquehanna nuclear plant site. To capitalize on the mounting demand for power from AI and cloud computing, Constellation Energy Corporation CEG is expanding its nuclear offerings. Thus, the nuclear fleet of CEG is well-positioned as a stable, long-term solution for hyperscale data centers. Shares of OKLO have surged 551.2% over the past year, outpacing the 54.1% gain of the composite stocks belonging to the industry. Image Source: Zacks Investment Research From a valuation standpoint, OKLO trades at a price-to-book value (P/BV) of 27.76X. This is above the broader industry average of 5.57X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for OKLO's 2025 bottom line has remained unchanged over the past seven days. Image Source: Zacks Investment Research OKLO stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Constellation Energy Corporation (CEG) : Free Stock Analysis Report Talen Energy Corporation (TLN) : Free Stock Analysis Report Oklo Inc. (OKLO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
04-07-2025
- Business
- Yahoo
Oklo (OKLO) Falls 7.6%. Here's Why
Oklo Inc. (NYSE:OKLO) is one of . Oklo Inc. fell by 7.59 percent on Tuesday to close at $51.74 apiece, tracking a sluggish wider market sentiment as investors were in a wait-and-see mode for further catalysts to boost investing appetite. Additionally, investors unloaded positions following comments from Mad Money host and former hedge fund manager Jim Cramer to 'wait for it to come in.' 'Maybe we give it a week and then take a look. But I am not against Oklo,' he said. In recent news, Oklo Inc. (NYSE:OKLO) announced that its subsidiary, Atomic Alchemy Inc., kicked off the site characterization work at a potential location for a commercial radioisotope production facility at the Idaho National Laboratory. The milestone builds on Atomic Alchemy's progress with prior approvals and agreements, including a Memorandum of Understanding secured in 2020 with the US 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. An engineer conducting tests in a laboratory, looking closely at the latest nuclear fuel technology. 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. 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. Sign in to access your portfolio
