Slide 1: 1Q 2026 Company Update
1Q 2026 Company Update 1
Slide 2: Disclaimer
Disclaimer ABOUT THIS PRESENTATION This presentation is provided by Oklo Inc. (“Oklo”) for informational purposes only. The information contained herein does not purport to be all inclusive and no representations or warranties, express or implied, are given in, or in respect of, this presentation. T
Slide 3: Since listing Oklo has advanced from strategy to execution
Since listing Oklo has advanced from strategy to execution • Built customer pipeline across data centers, industrials, energy, and government customers • Advanced major customer relationships, including Switch and Meta • Broke ground on the first Aurora powerhouse at Idaho National Laboratory • Adva
Slide 4: U.S. nuclear tailwinds are shifting from policy support to execution
U.S. nuclear tailwinds are shifting from policy support to execution PJM: Large-load growth driving Space: Nuclear use cases Recycling: Fuel cycle moving new capacity procurement(1) expanding(2) to execution(3)(4) • PJM projects a potential • White House launched the National • DOE issued two reques
Slide 5: NRC licensing modernization is creating new pathways for smaller advanced reactors
NRC licensing modernization is creating new pathways for smaller advanced reactors Summary Why it matters to Oklo • Supports repeatable licensing for smaller, simpler, Proposed Part 57 • Streamlined framework designed for standardized facilities microreactors • Fleet approvals aligns with Oklo's pow
Slide 6: Oklo's three integrated business units create a scalable, vertically integrated nuclear platform
Oklo’s three integrated business units create a scalable, vertically integrated nuclear platform Integration across Power, Fuel, and Isotopes is designed to unlock complementary value streams over time Power Fuel Isotopes Reliable End-to-end High-value domestic baseload power fuel offerings includin
Slide 7: Oklo is building assets across Power, Fuel, and Isotopes
Oklo is building assets across Power, Fuel, and Isotopes to execute its integrated strategy Power assets Fuel assets Isotope assets Aurora-INL (ID) A3F (ID) Groves Isotopes Test Reactor (TX) Aurora powerhouse at Idaho National Aurora Fuel Fabrication Radioisotope Test Reactor Laboratory – 75 MW Faci
Slide 8: Oklo's vertically integrated platform closes the fuel cycle and unlocks new value streams
Oklo’s vertically integrated platform closes the fuel cycle and unlocks new value streams Power, Fuel, and Isotopes are connected capabilities, not separate strategic directions Uranium Uranium Nuclear power Long-term nuclear mining enrichment production waste storage Fuel recycled multiple times Re
Slide 9: Oklo quarterly progress update
Oklo quarterly progress update Power Fuel Isotopes Aurora-INL A3F Groves Preliminary Documented Safety Early construction activities PDSA in review Analysis (PDSA) in review complete Submitted Documented Safety Advanced procurement and site Final design deliverables Analysis (DSA) development comple
Slide 10: Fuel
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Slide 11: A3F — Advancing fuel fabrication readiness
Fuel: A3F A3F — Advancing fuel fabrication readiness Aurora-INL DOE Execution authorization progress highlights Completed • Early construction activities complete Received approval for Nuclear Safety Design Agreement • Final design deliverables (NSDA) complete Received approval for PDSA • Constructi
Slide 12: Tennessee Advanced Fuel Center — Recycling & long-term fuel supply
Fuel: Tennessee Advanced Fuel Center Tennessee Advanced Fuel Center — Recycling & long-term fuel supply Site & development progress • Site preparation activities continue in Tennessee • Technology development continues to mature design Regulatory & licensing progress • NRC application readiness revi
Slide 13: Oklo, NVIDIA, and Los Alamos National Laboratory collaborate to advance nuclear fuel validation
Fuel: Pluto Oklo, NVIDIA, and Los Alamos National Laboratory collaborate to advance nuclear fuel validation Collaboration overview • Combines Oklo’s fast reactor platform, NVIDIA AI infrastructure, and Los Alamos fuel and materials expertise • Supports AI-enabled modeling, digital twins, and validat
Slide 14: Power
Power
Slide 15: Aurora-INL — Advancing regulatory, commercial, procurement, and site readiness
Power: Aurora-INL Aurora-INL — Advancing regulatory, commercial, procurement, and site readiness Groves DOE NRC progress authorization progress • NRC approved the Principal Design Criteria (PDC) topical report Completed Executed Other Transaction Agreement (OTA) Procurement & site development Receiv
Slide 16: Aurora-Ohio — Advancing campus development and permitting readiness
Power: Aurora-OH Aurora-Ohio — Advancing campus development and permitting readiness Development and permitting readiness • Meta and Oklo announced plans to develop a 1.2 GW advanced nuclear power campus in Ohio • Oklo submitted PJM interconnection applications on April 27, 2026 • Continued coordina
Slide 17: Aurora-Eielson — Resilient power and heat for mission-critical defense operations
Power: Aurora-Eielson AFB (AK) Aurora-Eielson — Resilient power and heat for mission-critical defense operations Status & project overview • Notice of Intent to Award issued by the Defense Logistics Agency–Energy on behalf of the Department of the Air Force • Aurora-derived powerhouse planned for Ei
Slide 18: Isotopes
OKLO ISOTOPES
Slide 19: Groves — Construction complete and regulatory activities advancing
Isotopes: Groves Groves — Construction complete and regulatory activities advancing Groves DOE Q1 execution highlights authorization progress • Completed construction activities for the Groves facility Completed • Received Certificate of Executed OTA Substantial Completion for Received approval for
Slide 20: Idaho Radiochemistry Laboratory — Advancing initial commercial offtake
Isotopes: Radiochemistry Lab Idaho Radiochemistry Laboratory — Advancing initial commercial offtake Regulatory status Commercial readiness NRC-authorized isotope handling capability Received NRC Material • First commercial Handling Permit isotope contract pending • Customer engagement NRC Licensed a
Slide 21: Board of directors update
Board of directors update Jacob DeWitte Caroline DeWitte Michael Thompson Daniel Poneman Michael Klein Co-Founder, CEO and Co-Founder and COO Lead Independent Director Chairman Lieutenant General Richard Kinzley Dr. Mark Peters David Christian Derek Kan David Park (Ret.) John Jansen New board additi
Slide 22: Key 1Q 2026 financial highlights
Financials Key 1Q 2026 financial highlights Q1 2026 Net loss Q1 2026 net loss was $33.1 million, made up of the following: • Loss from operations of $51.2 million, made up of payroll, stock-based compensation, general business $33.1M expenses, and professional fees Net loss • Income tax expense of $
Slide 23: Oklo investment highlights
Oklo investment highlights Advanced nuclear power Nuclear fuel recycling Isotopes Oklo uses proven fast reactor Oklo intends to recycle used nuclear Attractive, high-margin business that technology that reduces complexity, fuel, which can then be used as fuel utilizes fresh and co-product costs, and
Slide 24: Thank you
Thank you 24