Oklo and data center operator Switch announced a deal on Wednesday, in which the nuclear startup would deploy 12 gigawatts of power over the next two decades.

Among the hurdles, Oklo still hasn’t received approval from the Nuclear Regulatory Commission after having its previous application denied.

Oklo Inc., a developer of advanced nuclear technology backed by billionaire Sam Altman, has agreed to supply as much as 12 gigawatts of electricity to data center operator Switch Inc. to help satisfy technology companies’ booming demand for power.

The startup chaired by ChatGPT founder Sam Altman plans to provide 12 gigawatts of power from small modular reactors.

Sam Altman-backed nuclear startup Oklo Inc said on Wednesday it has signed a non-binding agreement to provide power to Las Vegas-based data center operator Switch.

Switch, a US-based provider of AI, cloud and enterprise data centres, has selected nuclear technology company Oklo to deploy 12GW of Oklo Aurora powerhouse projects by 2044. The projects will be deployed as part of a non-binding master power agreement,

Wedbush Securities initiated coverage on Thursday of Oklo — the nuclear power startup backed by OpenAI head Sam Altman — with an outperform rating. The new rating comes a day after the company announced an agreement to provide as much as 12 gigawatts of energy to Switch,

Oklo to develop a fleet of small reactors. The deal could see Oklo building and deploying a fleet of small nuclear reactors to power Switch’s data center campuses across the US