Mentioned:
Data centres continue to consume record breaking amounts of electricity. Which is exactly why they want in on nuclear power next.
What’s happening:
- Oklo (NYSE: OKLO) has announced they have entered into new agreements with two data centre operators to provide them with nuclear power
The big idea:
- Oklo will leverage their proprietary Aurora powerhouse design to build nuclear energy infrastructure directly on site for data centres
- By building Aurora powerhouses close to existing data centres, Oklo is able to reduce financing costs as well as limit the amount of infrastructure required for power transmission
Why it matters:
- Oklo has been making rapid progress on bringing their technology closer to commercial adoption, including notably advancing their collaboration with the United States Department of Energy focused on building the first ever large scale fast fission power plant in the United States of America
By the numbers:
- Oklo’s has committed to producing 750 megawatts of low carbon power as part of the new deals
Going deeper:
- OpenAI co-founder Sam Altman is one of Oklo’s largest individual shareholders and has also been placing other bets on renewable energy infrastructure startups to be able to power data centres as they continue to put more strain on the existing grid due to high performance computing and artificial intelligence workloads
