OKLO

Cluster: Nuclear Power Plant & Powerhouse Development

Commitment: Business Plan Implementation to develop powerhouses – committing to significant ongoing operating expenditures (Published: 2025-03-30)

✅ On Track | Certainty: 95%Analysis:
The recent 2025-03-30 update confirms that management anticipates significant operating expenditures to implement the business plan. This aligns directly with the commitment.
Progress:
* Evidence from the 2025-03-30 Management’s Discussion and Analysis confirms ongoing operational funding and project planning.

Commitment: Advance large‐scale deployment of Oklo Aurora powerhouses to meet global energy needs (Published: 2025-03-24)

✅ On Track | Certainty: 95%Analysis:
The update from 2025-03-24, along with subsequent progress in environmental reviews and site preparations, demonstrates clear steps toward deploying Aurora powerhouses.
Progress:
2025-03-24 update describing regulatory engagements reinforces progress on large-scale deployment.
Supporting evidence from the 2025-03-20 environmental review progress indicates active project development.

Commitment: Phased power strategies for data centers that integrate natural gas solutions transitioning to Aurora powerhouse energy (Published: 2025-01-17)

✅ On Track | Certainty: 95%Analysis:
A 2025-01-17 update details a phased power model implemented through a partnership, confirming the transition strategy from natural gas to Aurora energy.
Progress:
* 2025-01-17 update on the partnership for a phased energy deployment in data centers.

Commitment: Strategic relationship to develop, construct, and operate powerhouses as part of clean energy deployment plans (Published: 2024-12-18)

✅ On Track | Certainty: 90%Analysis:
The non-binding Master Power Agreement announced on 2024-12-18 supports the commitment by outlining plans for clean energy deployment, with Switch as a strategic partner.
Progress:
* 2024-12-18 update confirms a strategic partnership for clean energy deployment.

Commitment: Completion of environmental compliance processes and initiation of site characterization for the first commercial advanced fission power plant (Published: 2024-11-07)

✅ On Track | Certainty: 95%Analysis:
The 2024-11-07 update verifies that environmental compliance has been completed and site characterization has begun, directly satisfying this commitment.
Progress:
* 2024-11-07 update details the completion of environmental compliance for site characterization.

Commitment: Commitment to timely deployment and operational readiness through MOAs and site preparation activities (Published: 2024-09-25)

✅ On Track | Certainty: 95%Analysis:
The update from 2024-09-25 confirms that a Memorandum of Agreement with the DOE has been finalized, ensuring timely site investigations and preparation activities.
Progress:
* 2024-09-25 update outlines MOA finalization with the DOE for site investigations.

Commitment: Land rights secured for deploying two nuclear powerhouses in Southern Ohio to bolster local economic development (Published: 2024-02-01)

✅ On Track | Certainty: 95%Analysis:
The 2024-02-01 announcement of a land rights agreement in Southern Ohio confirms that the necessary rights have been secured, supporting local economic development as planned.
Progress:
* 2024-02-01 update documents the land rights agreement for two powerhouses in Southern Ohio.

Commitment: DOE’s approval of the Safety Design Strategy and work toward bringing the commercial advanced fission power plant online (Published: 2024-01-31)

✅ On Track | Certainty: 95%Analysis:
DOE approval of the Safety Design Strategy, as provided in the 2024-01-31 update, confirms a vital regulatory milestone for advancing the commercial power plant.
Progress:
* 2024-01-31 update shows DOE’s approval of the Safety Design Strategy for the Aurora Fuel Fabrication Facility.

Cluster: Licensing, Regulatory & Safety Approvals and Environmental Compliance

Commitment: Engagement with the U.S. Nuclear Regulatory Commission for a Pre-Application Readiness Assessment and planned submission of a Combined License Application (COLA) for the Aurora Powerhouse – updating earlier planning details (Published: 2025-03-24)

✅ On Track | Certainty: 95%Analysis:
The 2025-03-24 update on NRC engagement confirms active preparations for a Combined License Application, which aligns with the regulatory commitment.
Progress:
* 2025-03-24 update details engagement with the NRC on Pre-Application Readiness Assessment.

Commitment: Intention to utilize the extended transition period for emerging growth companies regarding compliance with new or revised financial accounting standards (Published: 2025-03-30)

✅ On Track | Certainty: 90%Analysis:
The recent update on financial management (2025-03-30) supports the intention to benefit from an extended transition period, ensuring proper compliance with evolving accounting standards.
Progress:
* 2025-03-30 update confirms ongoing financial management aligned with regulatory expectations.

Commitment: Commitment to strict environmental stewardship during site investigations and construction of the first commercial powerhouse (Published: 2025-03-20)

✅ On Track | Certainty: 95%Analysis:
The 2025-03-20 update, detailing agreements with environmental and laboratory partners, underscores a robust commitment to environmental stewardship.
Progress:
* 2025-03-20 update describes environmental review progress involving the Idaho National Laboratory.

Commitment: Regulatory engagement to streamline licensing timelines and a 24‐month review goal for the first reactor site (Published: 2024-11-14)

✅ On Track | Certainty: 90%Analysis:
Updates from late 2024 indicate structured plans to streamline licensing and adhere to a 24‐month review goal for the reactor site, supporting regulatory efficiency.
Progress:
* 2024-11-14 update highlights efforts to streamline licensing timelines.

Commitment: Advocacy for improved regulatory processes using measures such as the ADVANCE Act, aiming for quicker licensing and reduced fees (Published: 2024-06-27)

✅ On Track | Certainty: 90%Analysis:
The 2024-06-27 update reflects advocacy for the ADVANCE Act, aimed at expediting the licensing process and reducing fees, directly supporting this commitment.
Progress:
* 2024-06-27 update cites the ADVANCE Act as a measure to improve regulatory processes.

Commitment: Completion of DOE safety design milestones for the Aurora Fuel Fabrication Facility, including working on the Conceptual Safety Design Report (Published: 2024-01-31)

✅ On Track | Certainty: 90%Analysis:
The milestone achieved on 2024-01-31 with DOE’s approval affirms progress in safety design for the fuel fabrication facility, fulfilling this regulatory commitment.
Progress:
* 2024-01-31 update confirms safety design milestone completion and progress toward the Conceptual Safety Design Report.

Cluster: Strategic Partnerships, Acquisitions, and Collaborations

Commitment: Diversification into new sectors (biotech, pharmaceuticals, space, defense, and semiconductors) via the acquisition of Atomic Alchemy – a commitment which, by its recency, supersedes earlier acquisition announcements (Published: 2025-03-05)

✅ On Track | Certainty: 95%Analysis:
The 2025-03-05 update confirms the acquisition of Atomic Alchemy, establishing cross-sector diversification and updating previous acquisition communications.
Progress:
* 2025-03-05 update confirms the completion of the Atomic Alchemy acquisition, superseding earlier announcements.

Commitment: Collaboration with Lightbridge Corporation to explore co-location of commercial fuel fabrication facilities and advanced nuclear fuel recycling (Published: 2025-01-28)

✅ On Track | Certainty: 95%Analysis:
The 2025-01-28 update documents the signing of an MOU with Lightbridge Corporation, affirming collaboration in commercial fuel fabrication and recycling strategies.
Progress:
* 2025-01-28 update details the MOU with Lightbridge Corporation for co-location and collaboration.

Commitment: Partnership announcements designed to provide integrated power solutions combining natural gas and future nuclear (Aurora powerhouses) for data centers (Published: 2025-01-17)

✅ On Track | Certainty: 95%Analysis:
The 2025-01-17 update confirms a phased power strategy for data centers, integrating immediate natural gas solutions with future nuclear deployment.
Progress:
* 2025-01-17 update describes the phased power model for data centers in collaboration with industry partners.

Commitment: Establishment of strategic relationships for clean energy deployment, including non-binding power agreements (Published: 2024-12-18)

✅ On Track | Certainty: 90%Analysis:
The 2024-12-18 update on a non-binding Master Power Agreement affirms strategic relationships to deploy clean energy, fulfilling this commitment.
Progress:
* 2024-12-18 update outlines the strategic partnership for clean energy deployment with Switch.

Commitment: Strategic partnership with Equinix for provision of 500 megawatts of power, reinforcing customer pipeline expansion (Published: 2024-11-14)

✅ On Track | Certainty: 90%Analysis:
The 2024-11-14 update highlights the strategic partnership with Equinix, which supports customer pipeline expansion and aligns with the commitment.
Progress:
* 2024-11-14 update confirms the strategic power agreement with Equinix.

Commitment: Multiple power purchase and collaboration agreements – for example, a 20‐year PPA with Diamondback Energy and LOIs securing up to 750 megawatts from data center providers (Published: 2024-04-08 and 2024-11-13)

✅ On Track | Certainty: 90%Analysis:
Evidence from the 2024-04-08 and 2024-11-13 updates confirms multiple agreements, including a long-term PPA with Diamondback Energy and LOIs for substantial power commitments.
Progress:
2024-04-08 update details the LOI with Diamondback Energy.
2024-11-13 update confirms additional LOIs for up to 750 megawatts from data center providers.

Cluster: Advanced Fuel Recycling and Isotope Production

Commitment: Development of nuclear fuel recycling capabilities and establishment of radioisotope production facilities to maximize nuclear energy potential (Published: 2025-03-24)

✅ On Track | Certainty: 90%Analysis:
The 2025-03-24 commitment is supported by updates on ongoing federal-funded recycling projects and recent demonstrations of advanced fuel recycling technology.
Progress:
* 2025-03-24 update, along with the 2024-07-17 demonstration, confirms progress in fuel recycling development.

Commitment: Commitment to establish specialized domestic radioisotope production and address supply shortages in medical and industrial applications – a recency in strategic direction that updates earlier approaches (Published: 2025-03-05)

✅ On Track | Certainty: 95%Analysis:
The 2025-03-05 acquisition of Atomic Alchemy confirms a strategic shift toward domestic radioisotope production, superseding earlier acquisition plans.
Progress:
* 2025-03-05 update documents the acquisition of Atomic Alchemy, emphasizing a focus on radioisotope production.

Commitment: Proposed acquisition strategies specifically targeting Atomic Alchemy to expand radioisotope production and diversify revenue (Published: 2024-11-14; note that the 2025-03-05 commitment supersedes these earlier details)

✅ On Track | Certainty: 95%Analysis:
Although initially outlined in the 2024-11-14 update, the 2025-03-05 acquisition update supersedes earlier details, confirming the focus on isotope production.
Progress:
* 2025-03-05 update clearly supersedes the 2024-11-14 communication regarding acquisition strategies.

Commitment: Scale up of fuel recycling capabilities with a commercial-scale facility aiming to save on fuel costs and enhance operational efficiency (Published: 2024-07-17)

✅ On Track | Certainty: 90%Analysis:
The 2024-07-17 update details the successful demonstration of an advanced fuel recycling process, indicating readiness to scale up to commercial levels.
Progress:
* 2024-07-17 update confirms completion of an end-to-end demonstration of the fuel recycling process.

Commitment: Partnerships targeting medical isotope production through collaborations that integrate fast reactor technology with isotope generation (Published: 2024-06-27 and 2024-05-13)

✅ On Track | Certainty: 90%Analysis:
Updates from 2024-06-27 and 2024-05-13 emphasize collaborative initiatives in medical isotope production, aligning with strategic efforts in fuel recycling and isotope generation.
Progress:
* 2024-06-27 and 2024-05-13 updates highlight collaborative partnerships for isotope production integrated with fast reactor technology.

Cluster: Research, Development, Innovation and Environmental Sustainability

Commitment: Increased investment in research and development to support technological advances, noted by a 173.6% jump in R&D expenses (Published: 2025-03-30)

✅ On Track | Certainty: 95%Analysis:
The 2025-03-30 update clearly indicates a 173.6% increase in R&D expenses, directly supporting the commitment to boost technological innovation.
Progress:
* 2025-03-30 update documents a significant jump in research and development expenditures.

Commitment: Participation in the DOE Voucher Program and advanced material characterization initiatives to test structural materials and optimize manufacturing for fast reactor designs (Published: 2025-02-25)

✅ On Track | Certainty: 95%Analysis:
The 2025-02-25 update confirms Oklo's active participation in the DOE Voucher Program, supporting advanced materials testing and optimization for reactor designs.
Progress:
* 2025-02-25 update details the collaboration with the DOE and Oak Ridge National Laboratory for material characterization.

Commitment: Preferred Supplier Agreement with Siemens Energy and ongoing cost-efficiency measures in engineering to streamline production processes (Published: 2024-08-13)

✅ On Track | Certainty: 90%Analysis:
The 2024-08-13 update highlights the establishment of a Preferred Supplier Agreement with Siemens Energy, ensuring cost-efficient engineering and production scalability.
Progress:
* 2024-08-13 update documents the agreement with Siemens Energy, supporting cost-efficiency objectives.

Commitment: Successful completion of the Thermal-Hydraulic Experimental Test Article (THETA) campaign to enhance safety and economic potential in fast fission technology (Published: 2024-03-12)

✅ On Track | Certainty: 90%Analysis:
The 2024-03-12 update shows that the THETA campaign has been successfully completed, validating improvements in safety and economic potential for fast fission technology.
Progress:
* 2024-03-12 update confirms the completion of the THETA testing campaign with Argonne.

Cluster: Financial, Investor, and Governance Commitments

Commitment: Funding operations through existing cash and marketable securities while managing rising general and administrative expenses to support ongoing growth (Published: 2025-03-30)

✅ On Track | Certainty: 95%Analysis:
The 2025-03-30 update validates that Oklo’s strong cash position and careful monitoring of operating expenses are supporting its operational growth as committed.
Progress:
* 2025-03-30 update confirms adequate funding from cash reserves and marketable securities.

Commitment: Board transition measures to ensure leadership continuity following a significant board member’s departure (Published: 2025-02-06)

✅ On Track | Certainty: 95%Analysis:
The 2025-02-06 update regarding board transition confirms that leadership restructuring is underway, ensuring continuity in governance.
Progress:
* 2025-02-06 update details board changes following a significant departure.

Commitment: Active financial management, including careful cash burn monitoring and alignment of operating expenditures with strategic growth initiatives (Published: 2024-11-14)

✅ On Track | Certainty: 90%Analysis:
Updates from 2024-11-14 show that careful cash burn monitoring and financial management practices are in place, supporting strategic growth.
Progress:
* 2024-11-14 update discusses active financial management in the earnings call.

Commitment: Long-term lock-up agreements for management and sponsor shares to stabilize stock performance post-business combination (Published: 2024-06-20)

✅ On Track | Certainty: 90%Analysis:
The 2024-06-20 update confirms the establishment of long-term lock-up agreements, helping to stabilize stock performance after the business combination.
Progress:
* 2024-06-20 update outlines measures related to long-term lock-ups for management and sponsors.

Commitment: Active participation in investor conferences to enhance stakeholder engagement and promote clean power technology (Published: 2024-06-07)

✅ On Track | Certainty: 90%Analysis:
The 2024-06-07 update details Oklo’s planned participation in multiple investor conferences, demonstrating proactive stakeholder engagement.
Progress:
* 2024-06-07 update confirms active participation in investor and industry events.

Commitment: Commitments to shareholder value creation through strategic use of gross proceeds, expected to support the initial deployment of key projects (Published: 2024-05-10)

✅ On Track | Certainty: 95%Analysis:
The 2024-05-10 update, along with the NYSE trading commencement details, underscores the strategic use of gross proceeds to drive project deployment and shareholder value.
Progress:
* 2024-05-10 update, along with evidence from the NYSE listing announcement, confirms effective use of gross proceeds.