Oklo Inc., the advanced nuclear technology company, witnessed a remarkable surge of 17.06% in its stock price during Wednesday's pre-market trading session. This significant upswing was driven by the announcement of a landmark strategic relationship with Switch, a leading provider of AI, cloud, and enterprise data centers.
The deal, dubbed one of the largest corporate clean power agreements ever signed, involves a non-binding Master Power Agreement to deploy 12 gigawatts of Oklo's Aurora powerhouse projects through 2044. Under this agreement, Oklo will develop, construct, and operate these powerhouses to provide reliable and emissions-free energy to Switch's cutting-edge data center infrastructure across the United States.
This groundbreaking partnership underscores the shared commitment of Oklo and Switch to meet the ever-growing electricity demands of artificial intelligence and data centers with sustainable and clean energy solutions. Oklo's advanced nuclear technology is poised to play a pivotal role in supporting the rapid growth of AI and cloud computing while minimizing the environmental impact.
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