Shares of Oklo Inc. (OKLO) surged in pre-market trading on Monday, rising 7.57% after Google announced a groundbreaking deal to purchase power from small modular nuclear reactors to meet the electricity demands of its artificial intelligence operations.
Google stated that it has signed the world's first corporate agreement to buy power from multiple small modular reactors, inking a deal with nuclear energy startup Kairos Power to purchase the output from seven reactors targeting the addition of 500 MW of nuclear power starting at the end of the decade.
This development highlights the growing interest from major tech companies in securing clean and reliable power sources for their energy-intensive data centers and AI systems. Big tech firms like Amazon, Microsoft, and now Google are actively exploring nuclear power as a viable option to meet their substantial energy needs while reducing their carbon footprint.
