Oklo and Switch Sign Non-Binding 12 GW Nuclear Power Deal for Data Centers Through 2044

Dec 18, 2024, 12:58 PM

Oklo Inc., a nuclear startup backed by Sam Altman, has entered into a non-binding Master Power Agreement with data center operator Switch to deploy 12 gigawatts of advanced nuclear power through 2044. This agreement aims to provide power to Switch's data centers across the United States, supporting the growing demand for sustainable energy in the tech industry. The deal marks one of the largest corporate clean power agreements in history and is intended to help Oklo scale its operations in response to increasing demand. Oklo's stock surged more than 13% following the announcement, reflecting investor enthusiasm for the potential of nuclear energy to meet the power needs of data centers.