Oklo Inc. (OKLO) shares surged 5.5% in pre-market trading on Thursday, following the announcement of a groundbreaking agreement to supply nuclear power to data center operator Switch.
The advanced nuclear technology company signed a non-binding Master Power Agreement with Switch to develop, construct and operate 12 gigawatts of its Aurora powerhouse projects through 2044. This involves a series of power purchase agreements to provide emissions-free energy to Switch's cutting-edge data centers across the United States.
This landmark partnership highlights the growing demand for reliable and sustainable power solutions to meet the electricity needs of artificial intelligence and data center infrastructure. Oklo's advanced nuclear reactors are well-positioned to play a pivotal role in supporting this rapid growth while minimizing environmental impacts.
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