Oklo and Meta’s Ohio nuclear campus to power data centers by 2030
Oklo and Meta Platforms have announced plans for a nuclear power campus in Pike County, Ohio. The facility will eventually produce up to 1.2 gigawatts of electricity, with the first phase expected online by 2030. Construction preparations are set to begin this year, following a major deal between the two companies.
Meanwhile, Oklo’s stock has faced a downturn after recent gains linked to the Meta agreement.
The project, revealed in early January 2026, will see Meta prepay for power to support early development. Full capacity is targeted for 2034, with the site designed to meet growing energy demands for data centres. Unlike geothermal power—often limited by location—nuclear offers a more flexible solution for large-scale operations.
Oklo’s stock initially surged last Friday on news of the Meta partnership. However, investors appear to be cashing in profits, leading to a decline. By 11:35 a.m. ET today, shares had dropped 4.8%, following losses on Monday and Tuesday.
The company has not released any further updates on stock performance this week. Additionally, a 20-year power purchase deal between Ormat and Switch may have reduced Oklo’s potential opportunities with other data centre operators.
The Ohio nuclear campus marks a significant step for Oklo and Meta’s long-term energy strategy. With construction preparations underway, the project aims to deliver reliable power by the end of the decade. The recent stock fluctuations reflect investor reactions to both the deal and broader stock market movements.
