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Oklo Secures Partnerships for Up to 750 Megawatts of Power for U.S. Data Centers

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Oklo (NYSE: OKLO) has secured partnerships with two major data center providers to deliver up to 750 megawatts (MW) of low carbon power across the U.S. These agreements expand Oklo's customer pipeline to approximately 2,100 MW. The company will deploy its Aurora powerhouse design, offering flexible 15 MW and 50 MW units that can be installed in phases. The partnership includes one of the fastest-growing data center companies and supports Oklo's expansion in Idaho, Ohio, Texas, and Wyoming. Oklo will build, own, and operate the powerhouses, generating revenue through power sales while helping customers reduce grid dependence.

Oklo (NYSE: OKLO) ha stretto accordi con due importanti fornitori di centri dati per fornire fino a 750 megawatt (MW) di energia a basse emissioni di carbonio negli Stati Uniti. Questi accordi ampliano il portafoglio clienti di Oklo a circa 2.100 MW. L'azienda implementerà il suo design di centrale Aurora, offrendo unità flessibili da 15 MW e 50 MW che possono essere installate in fasi. La partnership include una delle aziende di centri dati in più rapida crescita e sostiene l'espansione di Oklo in Idaho, Ohio, Texas e Wyoming. Oklo costruirà, possederà e gestirà le centrali, generando entrate attraverso la vendita di energia e aiutando i clienti a ridurre la dipendenza dalla rete.

Oklo (NYSE: OKLO) ha asegurado asociaciones con dos importantes proveedores de centros de datos para ofrecer hasta 750 megavatios (MW) de energía baja en carbono en los EE. UU. Estos acuerdos amplían el canal de clientes de Oklo a aproximadamente 2,100 MW. La compañía implementará su diseño de planta Aurora, ofreciendo unidades flexibles de 15 MW y 50 MW que pueden instalarse en fases. La asociación incluye una de las empresas de centros de datos de más rápido crecimiento y apoya la expansión de Oklo en Idaho, Ohio, Texas y Wyoming. Oklo construirá, poseerá y operará las plantas de energía, generando ingresos a través de la venta de energía mientras ayuda a los clientes a reducir la dependencia de la red.

Oklo (NYSE: OKLO)는 미국 전역에 걸쳐 최대 750메가와트(MW)의 저탄소 전력을 공급하기 위해 두 개의 주요 데이터 센터 제공업체와 파트너십을 체결했습니다. 이러한 계약은 Oklo의 고객 파이프라인을 약 2,100MW로 확장합니다. 이 회사는 유연한 15MW 및 50MW 유닛을 제공하는 Aurora 발전소 설계를 배포할 것입니다. 파트너십에는 가장 빠르게 성장하는 데이터 센터 회사 중 하나가 포함되며 Oklo의 아이다호, 오하이오, 텍사스 및 와이오밍에서의 확장을 지원합니다. Oklo는 발전소를 건설, 소유 및 운영하며 전력 판매를 통해 수익을 창출하고 고객이 전력망 의존도를 줄이는 데 도움을 줄 것입니다.

Oklo (NYSE: OKLO) a sécurisé des partenariats avec deux grands fournisseurs de centres de données pour fournir jusqu'à 750 mégawatts (MW) d'énergie à faible émission de carbone aux États-Unis. Ces accords étendent le pipeline de clients d'Oklo à environ 2 100 MW. L'entreprise déploiera son design de centrale Aurora, offrant des unités flexibles de 15 MW et 50 MW pouvant être installées par phases. Le partenariat inclut l'une des entreprises de centres de données à la croissance la plus rapide et soutient l'expansion d'Oklo dans l'Idaho, l'Ohio, le Texas et le Wyoming. Oklo construira, possédera et exploitera les centrales, générant des revenus grâce aux ventes d'électricité tout en aidant les clients à réduire leur dépendance au réseau.

Oklo (NYSE: OKLO) hat Partnerschaften mit zwei großen Rechenzentrumsanbietern gesichert, um bis zu 750 Megawatt (MW) an kohlenstoffarmer Energie in den USA bereitzustellen. Diese Vereinbarungen erweitern die Kundenpipeline von Oklo auf etwa 2.100 MW. Das Unternehmen wird sein Aurora-Kraftwerksdesign einsetzen, das flexible Einheiten mit 15 MW und 50 MW anbietet, die in Phasen installiert werden können. Die Partnerschaft umfasst eines der am schnellsten wachsenden Rechenzentrumsunternehmen und unterstützt Oklos Expansion in Idaho, Ohio, Texas und Wyoming. Oklo wird die Kraftwerke bauen, besitzen und betreiben und durch den Verkauf von Strom Einnahmen erzielen, während es den Kunden hilft, die Abhängigkeit vom Stromnetz zu verringern.

Positive
  • Secured new partnerships for 750 MW of power delivery to data centers
  • Total customer pipeline expanded to 2,100 MW
  • Business model generates steady revenue stream through power sales
  • Geographic expansion across multiple states
Negative
  • None.

Insights

This partnership marks a significant milestone in the data center power infrastructure landscape. The 750 MW commitment represents roughly 35.7% of Oklo's expanded 2,100 MW customer pipeline, demonstrating strong market validation for their advanced nuclear solution. The business model of building, owning and operating powerhouses creates a predictable revenue stream through power purchase agreements, similar to successful renewable energy developers.

The modular approach with 15 MW and 50 MW units provides important flexibility for phased deployment, reducing capital risk while matching data center growth patterns. This strategy is particularly appealing as data centers typically expand capacity incrementally. The on-site power generation model also addresses two critical industry pain points: grid dependency and transmission constraints. By providing dedicated power sources, Oklo could help data center operators achieve both sustainability goals and operational reliability.

The data center industry's embrace of nuclear power solutions represents a paradigm shift in addressing the sector's growing energy challenges. With data centers consuming approximately 1-2% of global electricity and facing increasing pressure for sustainable operations, this partnership could set a new precedent for power sourcing strategies. The flexible deployment model aligns perfectly with data center operators' need for scalable, reliable infrastructure.

The strategic importance of securing dedicated power sources cannot be overstated, especially in markets where grid capacity constraints are limiting growth. This partnership could provide a competitive advantage by ensuring power availability in key markets while potentially offering more predictable energy costs compared to volatile grid prices.

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Oklo Inc. (NYSE: OKLO) ("Oklo"), 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.

Oklo Aurora powerhouse (Image: Gensler)

Oklo Aurora powerhouse (Image: Gensler)

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.

“The strong customer response reflects confidence in Oklo’s clean, reliable, and affordable power solutions,” said Jacob DeWitte, Co-Founder and CEO of Oklo. “Our approach helps enable customers to scale sustainably with reliable power aligned to their long-term goals.” By building, owning, and operating each powerhouse, Oklo makes it easier for customers to adopt nuclear power generation while creating a steady revenue stream for Oklo by selling power, not power plants.

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.

About Oklo Inc.: Oklo Inc. is developing fast fission power plants to provide clean, reliable, and affordable energy at scale. Oklo received a site use permit from the U.S. Department of Energy, was awarded fuel material from Idaho National Laboratory, submitted the first advanced fission custom combined license application to the U.S. Nuclear Regulatory Commission, and is developing advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and U.S. National Laboratories.

Forward-Looking Statements

This press release includes statements that express Oklo’s opinions, expectations, objectives, beliefs, plans, intentions, strategies, assumptions, forecasts or projections regarding future events or future results and therefore are, or may be deemed to be, “forward-looking statements.” The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” or, in each case, their negative or other variations or comparable terminology, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, the timing, goals and benefits of the LOIs, results of operations, financial condition, liquidity, prospects, growth, strategies and the markets in which Oklo operates. Such forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties.

As a result of a number of known and unknown risks and uncertainties, the actual results or performance of Oklo may be materially different from those expressed or implied by these forward-looking statements. The following important risk factors could affect Oklo’s future results and cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements: risks related to the deployment of Oklo’s powerhouses; the risk that Oklo is pursuing an emerging market, with no commercial project operating, regulatory uncertainties; the potential need for financing to construct plants, market, financial, political and legal conditions; the effects of competition; changes in applicable laws or regulations; the risk that binding agreements with the two major data center providers do not materialize or fail to produce the expected benefits; and the outcome of any government and regulatory proceedings and investigations and inquiries.

The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties of the other documents filed by Oklo from time to time with the U.S. Securities and Exchange Commission. The forward-looking statements contained in this press release and in any document incorporated by reference are based on current expectations and beliefs concerning future developments and their potential effects on Oklo. There can be no assurance that future developments affecting Oklo will be those that Oklo has anticipated. Oklo undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Media and Investor Contact for Oklo:

Bonita Chester, Head of Communications and Media at media@oklo.com

Investor Contact:

Sam Doane, Director of Investor Relations at investors@oklo.com

Source: Oklo Inc.

FAQ

How many megawatts of power will Oklo (OKLO) provide to U.S. data centers under the new partnerships?

Oklo will provide up to 750 megawatts of low carbon power to U.S. data centers through partnerships with two major data center providers.

What is Oklo's (OKLO) total customer pipeline after the new data center partnerships?

After securing the new partnerships, Oklo's customer pipeline has expanded to approximately 2,100 MW.

What are the power capacity options for Oklo's (OKLO) Aurora powerhouse units?

Oklo's Aurora powerhouse design offers flexible units with capacities of 15 MW and 50 MW that can be deployed in phases.

In which U.S. states is Oklo (OKLO) expanding its operations?

Oklo is expanding its operations in Idaho, Ohio, Texas, and Wyoming.

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