Shares of Oklo Inc. (OKLO) surged 6.09% during Wednesday's trading session, on the heels of a groundbreaking agreement to supply nuclear power to data center operator Switch.
The advanced nuclear technology company announced it has signed a non-binding Master Power Agreement with Switch to develop, construct and operate 12 gigawatts of its Aurora powerhouse projects through 2044. The deal 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 underscores the accelerating demand for reliable and sustainable power solutions to meet the growing electricity needs of artificial intelligence and data center infrastructure. Oklo's advanced nuclear reactors are positioned to play a pivotal role in supporting this rapid growth while minimizing environmental impacts.
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