Altman-Backed Oklo Inks Nuclear Power Deal to Feed Data Centers
- Firm to deliver up to 750 megawatts from future reactors
- Oklo aims to have its first small nuclear plant online in 2027
Demand for electricity in the US is surging, driven by efforts to electrify large swaths of the economy and technology companies that need to power data centers.
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Sam Altman-backed Oklo Inc. agreed to deliver as much as 750 megawatts of electricity from nuclear reactors it plans to build to two data center companies, as technology companies seek to line up energy supplies for the booming industry.
The letters of intent with the data center providers bring Oklo’s pipeline of deals to about 2,100 megawatts, according to a statement Wednesday. The Santa Clara, California, based company didn’t identify the customers or provide a timeline for delivering the power. Altman, the chief executive officer of OpenAI, is Oklo’s chairman.