Nuclear startup Oklo and data center operator Switch have announced plans to deploy 12 gigawatts of new nuclear power by 2044. Oklo will develop, build, and operate small nuclear reactors, selling the electricity to Switch through power purchase agreements.
Nuclear startup Oklo and data center operator Switch are aiming to deploy 12 gigawatts of new nuclear power by 2044. Oklo would develop, build and operate the small nuclear plants. It would sell the electricity to Switch through power purchase agreements. The agreement between Oklo and Switch is a nonbinding framework that should result in binding power deals in the future, the companies said.
Oklo would deploy what amounts to a fleet of small nuclear reactors through 2044, with power generation equivalent to the annual electricity consumption of more than 9 million households in the U.S. Oklo would develop, build and operate the small nuclear plants. It would sell the electricity to Switch through a number of power purchase agreements for its data centers across the U.S. Oklo and Switch have not signed any individual power purchase agreements yet. The broad agreement signed by Oklo and Switch is a nonbinding framework that sets high level goals to execute against, Oklo CEO Jacob DeWitte told CNBC in an interview. It creates a vehicle to advance large scale, multi-site power development and deployment, DeWitte said. Switch is a privately held company headquartered in Las Vegas that designs, builds and operates data center campuses in the U.S. CEO Rob Roy said Switch is committed to deploying advanced nuclear power'at a transformative scale for our data centers' through the relationship with Oklo. Oklo is developing reactors that are much smaller than those in the current U.S. fleet. Its reactors are expected to range in power capacity from 15 megawatts, to 50 megawatts, to 100 megawatts or more. By comparison, the average reactor in the U.S. is currently around 1,000 megawatt
NUCLEAR POWER OKLO SWITCH DATA CENTERS RENEWABLE ENERGY
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