Prediction: Oklo Won't Book Its First Commercial Power Revenue Before 2028
Key PointsOklo's latest quarterly filing calls 2028 the target for deploying its first Aurora powerhouse at Idaho National Laboratory.
Oklo, a nuclear reactor developer, had a triumphant August. In the month, the company reported its first revenue, approximately $1.2 million, primarily from services. Just prior to this, Oklo's isotope test reactor in Lockhart, Texas, achieved its first controlled nuclear chain reaction, an event known as criticality. This milestone occurred around 11 months after construction commenced on an empty site.
The company, previously known for its promises, has now realized an operating reactor. However, it is important to note that an operating test reactor does not constitute a power business. Oklo's core product - electricity sold from its Aurora power plants under long-term contracts - has yet to materialize, and the company's growth stock valuation hinges on this future development.
Consequently, based on Oklo's own published timetable, the company is predicted not to record its first dollar of commercial power revenue until 2028.
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