Oklo Plans 1.2-Gigawatt Nuclear Campus for Meta Data Centers
Oklo is developing a 1.2-gigawatt nuclear power campus in Ohio for Meta, highlighting the growing reliance on private nuclear energy to solve severe electricity shortages for data centers despite a steep decline in the developer's stock price.
Oklo is developing a 1.2-gigawatt nuclear power campus in Ohio to supply electricity to Meta data centers. The project underscores the urgent need for independent power generation as technology companies struggle to secure reliable energy from strained public grids.
The Department of Energy’s Lawrence Berkeley National Laboratory estimated in a June 2026 report that data centers could consume 11.8 percent of all U.S. electricity by 2030. This represents a massive increase from the 4.4 percent recorded in 2023. The surge is driven by artificial intelligence workloads, new manufacturing facilities, electric vehicle adoption, and broader electrification efforts across the economy.
Oklo aims to address this shortfall by deploying small nuclear reactors directly at customer sites. These autonomous systems provide continuous, round-the-clock electricity to industrial facilities and data centers. Crucially, this on-site generation bypasses the years-long wait times typically required to connect to the traditional power grid, offering a faster path to capacity.
The upcoming Ohio campus will utilize Oklo’s Aurora powerhouse, which features a theoretical output of 75 megawatts per unit. To reach the 1.2-gigawatt capacity required by Meta, the facility will need approximately 16 of these individual reactors.
Assuming a 90 percent operational capacity, the Ohio plant would generate roughly 9.46 million megawatt-hours of electricity annually. Securing a contract of this scale demonstrates how a single data center campus can drive billions in recurring revenue for nuclear developers. It highlights that Oklo does not need to solve the entire national power crisis to build a thriving, highly profitable business.
Commercial traction amid market skepticism
Despite the massive potential addressable market, Oklo has faced significant investor skepticism in recent months. The company is currently consuming cash and remains years away from generating actual profits from its nuclear power operations.
Consequently, the stock has tumbled more than 75 percent since reaching a high above $190 last October. Many market participants view the artificial intelligence power narrative as a distant future development rather than an immediate investment opportunity, leading to the recent sell-off.
Nevertheless, the Meta agreement proves that early commercial traction is possible in this emerging sector. If Oklo can execute on these initial projects, it could establish a highly lucrative foothold in the rapidly expanding data center energy market, potentially rewarding investors who look past the near-term cash burn.
