Oklo and Switch Sign Power Agreement

Oklo Inc, a nuclear startup backed by Sam Altman, announced on Wednesday a non-binding agreement to provide power to Switch, a Las Vegas-based data center operator. This partnership aims to develop nuclear reactors named the Aurora powerhouse, with a total capacity of 12 gigawatts through 2044.

Aurora Powerhouse Specifications

Each Aurora Powerhouse reactor has a maximum power level of 15 megawatts electric, as per the U.S. Nuclear Regulatory Commission. This marks a significant step towards utilizing nuclear energy as a reliable, nearly carbon-free power source.

Global Push Towards Clean Energy

The agreement reflects the growing interest in nuclear energy due to its reliability and low carbon emissions. Several U.S. utilities are partnering with tech giants like Microsoft and Amazon to power their data centers with electricity from nuclear plants.

Market and Commitment

Shares of Oklo rose nearly 12% to $21.41 before the bell, indicating positive market reaction. The master agreement emphasizes Switch and Oklo's commitment to meeting the increasing electricity demands of artificial intelligence with clean, sustainable power.

Switch's Renewable Energy Operations

Switch operates multiple renewable energy-powered data centers across the United States, serving clients like NVIDIA, FedEx, Google, and PayPal. Oklo, which went public in May through a merger with Altman's blank-check firm, aims to develop its first small modular nuclear reactor by 2027.