Mentioned:
OKLO -11.17% META -5.57%

Oklo’s small modular reactors are coming to Ohio next. And Meta Platforms is behind it.

What’s happening:

  • Oklo (NYSE: OKLO) is developing a new 1.2 gigawatt power campus in Pike County, Ohio as part of a new partnership with Meta Platforms (NASDAQ: META)

Why it matters:‍

  • This is the first deal that Oklo has done to deploy their flagship Aurora powerhouse for a major publicly traded technology giant

Going deeper:‍

  • The new deal between Meta Platforms and Oklo will allow Oklo to receive prepayment to be able to secure nuclear fuels and beginning developing the new site in Pike County, Ohio
  • Meta Platforms will purchase up to 1.2 gigawatts of electricity generated by Oklo at the Pike County, Ohio site to power their data centres
  • Oklo has publicly stated they are aiming to complete construction and have their Aurora powerhouse generating electricity within four years

The intrigue:‍

  • The 206 acres of land in Pike County, Ohio that Oklo is aiming to deploy their Aurora powerhouse on was previously owned by the United States Department of Energy

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