Oklo and Switch sign agreement to deploy 12 gigawatts projects through 2044

Oklo (OKLO) and Switch, a premier provider of AI, cloud and enterprise data centers, have signed a non-binding Master Power Agreement to deploy 12 gigawatts of Oklo Aurora powerhouse projects through 2044. This is one of the largest corporate clean power agreements ever signed. The Master Agreement establishes a framework for collaboration, with the expectation that individual binding agreements will be finalized as project milestones are reached. Under the Master Agreement, Oklo will develop, construct, and operate powerhouses to provide power to Switch across the United States through a series of power purchase agreements. This enduring relationship over several decades will help accelerate Oklo’s early powerhouse deployments and also position the Company to scale in response to a growing demand pipeline. This Master Agreement enables Oklo to leverage Switch’s best-in-class execution while developing the financial and infrastructure model for scaling advanced nuclear. The timescale of this Master Agreement underscores Switch and Oklo’s commitment to meeting artificial intelligence’s growing electricity demands with clean, sustainable power.