Nuclear Power Surge: Oklo Inc. Strikes Deal with Switch Inc. to Meet Tech Giants’ Energy Demands
The world of advanced nuclear technology is abuzz with the news that Oklo Inc., backed by billionaire Sam Altman, has entered into a non-binding agreement with data center operator Switch Inc. to supply up to 12 gigawatts of electricity. This monumental deal is set to support Oklo’s ambitious plans to build and operate its innovative Aurora small modular reactors, with delivery expected to commence by the end of the decade.
Data Centers Drive Power Demand
The rapid growth of data centers is a key driver behind the anticipated 16% surge in US power demand over the next five years, following decades of stagnant usage. This trend is largely fueled by the insatiable appetite of tech giants for power to support their operations. Oklo’s CEO, Jacob DeWitte, notes that data centers are “perfectly suited” for new nuclear energy, given their massive power requirements.
Tech Giants Embrace Nuclear Energy
In recent months, several prominent technology companies, including Meta Platforms Inc., have signed agreements to power their systems with nuclear energy. Oklo’s deal with Switch is one of the largest of its kind to date, underscoring the growing appeal of nuclear power as a clean and reliable energy source.
The Future of Nuclear Power
Oklo is at the forefront of the small modular reactor (SMR) revolution, which promises to make power plants faster and cheaper to build. While none of these reactors are currently in service in the US, Oklo is poised to be one of the first to bring its technology online, with its first system potentially operational as early as 2027. As the demand for clean energy continues to grow, Oklo’s innovative approach is set to play a significant role in shaping the future of nuclear power.
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