Meta Partners with Oklo for Nuclear Power Supply
Meta Platforms has entered into an energy supply agreement with power plant developer Oklo to support the latter’s nuclear project in Pike County, Ohio. This deal will expedite Oklo’s 1.2-gigawatt (GW) power project, with plans to begin site studies and pre-construction activities this year and aim for a completion date by 2030. Oklo’s stock surged nearly 8% following the announcement.
To fund the project, Meta will prepay for energy to power its AI data centers, addressing the increasing energy demands of the AI industry. The investment will help Oklo in procuring nuclear fuel and advancing development on the 206 acres it acquired from the Department of Energy.
