Oklo Inc. (NYSE: OKLO) shares began Wednesday firmly in the green. The company, an advanced fission power and nuclear fuel recycling company, has received Letters of Intent (LOIs) and is partnering with two major data center providers to deliver up to 750 megawatts (MW) of low carbon power for data centers across the U.S. These commitments expand Oklo’s customer pipeline to approximately 2,100 MW, underscoring the demand for Oklo’s dedicated clean energy solutions.
Under these LOIs, Oklo will work with one of the fastest-growing data center companies to deploy its powerhouses in select markets, addressing the provider’s critical need for sustainable, reliable power. This collaboration supports Oklo’s expanding footprint, including its announced sites in Idaho, Ohio, Texas, and Wyoming, reinforcing the company’s commitment to advancing clean, resilient power options nationwide.
Oklo’s Aurora powerhouse design provides power directly on-site or nearby, with flexible 15 MW and 50 MW units that can be deployed in phases. This approach aims to minimize project risks, reduce financing costs, and deliver efficient, resilient energy to meet the evolving needs of industrial and commercial clients.
According to this morning’s news release, “Oklo’s deployment model helps industries reduce reliance on traditional grids, preserving grid stability and potentially avoiding additional costs to local ratepayers. With a growing order book, we believe Oklo is positioned to transform critical infrastructure and support sustainable growth.”
OKLO shares progressed $1.31, or 5.8%, to $23.89.