Financial Data and Key Metrics Changes - Year-to-date cash used in operations is 63.4 million, partially offset by 37.4 million, including a one-time fair market value adjustment of 288.5 million, primarily driven by $276 million in proceeds received at deal closure [55] Business Line Data and Key Metrics Changes - Oklo signed letters of intent with two major data centers for up to 750 megawatts of power, increasing total signed agreements to 2.1 gigawatts [33][34] - The company is focused on optimizing pricing linked to fuel prices and ensuring access to supply chains to support asset deployment [35] Market Data and Key Metrics Changes - The nuclear sector received significant funding for infrastructure to supply High-Assay Low-Enriched Uranium (HALEU) [13] - 31 countries set targets to triple nuclear energy capacity by 2050, indicating strong governmental support for nuclear energy [13] Company Strategy and Development Direction - Oklo's strategy is centered on three key pillars: a customer-oriented business model, small reactor size for capital efficiency, and advanced technology leveraging liquid sodium coolant [14][16] - The company aims to build, own, and operate its powerhouses, differentiating itself from competitors who sell partially complete reactor designs [10][11] Management's Comments on Operating Environment and Future Outlook - Management sees a significant opportunity in advanced nuclear technology, especially with increasing commitments from big tech companies for reliable power [6][7] - The company anticipates a 24-month review timeline with the NRC for its first site, with plans to advance site preparation and construction activities in parallel [21][30] Other Important Information - Oklo plans to fully incorporate Atomic Alchemy via acquisition, enhancing its capabilities in radioisotope production [36][39] - The acquisition is expected to create significant value for shareholders and strengthen the U.S. radioisotope supply chain [46][50] Q&A Session Summary Question: Has the announcements from tech giants led to increased customer interest in Oklo? - Management confirmed that there has been a steady pace of acceleration in customer interest, particularly due to partnerships with major companies like Equinix [60][64] Question: How might the changing political landscape affect nuclear opportunities? - Management noted bipartisan support for nuclear energy and anticipated continued regulatory modernization, which could benefit Oklo [66][67] Question: Can you discuss the response from hyperscalers regarding reactor sizes? - Management indicated that while there is interest in larger reactors, the current focus remains on the 50-megawatt size, which aligns well with data center needs [71][74] Question: What is the potential size of the Atomic Alchemy business? - Management highlighted significant market demand for radioisotopes and the potential for near-term revenue streams from Atomic Alchemy's capabilities [75][79]
Oklo(OKLO) - 2024 Q3 - Earnings Call Transcript