Oklo Stock Surges Nearly 20% on Meta Platforms Data Center Deal
Shares of Oklo (OKLO), a nuclear startup focused on small modular reactors, soared nearly 20% after announcing a deal with Meta Platforms to power a new AI data center. The agreement advances Oklo's development of a 1.2 gigawatt campus in Ohio, which will supply energy to Meta's operations in the region. Urvi Parekh, Meta's Head of Global Energy, confirmed the partnership will support the company's AI supercluster in New Albany.
Vistra (VST), an S&P 500 component, also secured 20-year power purchase agreements with Meta, providing over 2,600 megawatts of nuclear energy from three plants. While financial terms remain undisclosed, such deals typically generate billions in revenue for energy providers. The market reaction underscores the growing demand for reliable, large-scale power solutions from Big Tech firms.
