Oklo, a nuclear energy startup, has partnered with data center provider Switch to provide 12 gigawatts of power over the next two decades. The “framework” agreement aims to accelerate Oklo’s growth and demonstrate customer demand for its nuclear powerhouses.
The deal joins tech giants like Amazon and Microsoft in their push into nuclear energy to power data centers. Oklo’s first “powerhouse” is expected to be online by 2027, set to be built in Idaho.
This partnership comes as regulators have raised concerns about the potential impact on surrounding residents’ energy prices. Oklo shares rose initially but cooled down in late-morning trading after the announcement.
Oklo co-founder and CEO Jacob DeWitte said the deal will accelerate the company’s growth and scale by demonstrating customer demand for decades to come. This move is part of a larger trend in big-tech companies making bets on nuclear energy, with several major players signing agreements to power their data centers with nuclear power plants.
Source: https://finance.yahoo.com/news/oklo-stock-jumps-retreats-whipsaw-162440913.html