Sam Altman-backed nuclear startup Oklo lands massive data center power deal, with caveats

Tech Crunch - Dec 18th, 2024

Nuclear startup Oklo has signed an agreement with data center operator Switch to build small modular reactors (SMR) that will generate 12 gigawatts of electricity by 2044. The deal, although not binding, would see Oklo build and operate these plants, selling power through Switch to data center customers including Google, Nvidia, and Tesla. Oklo, backed by Sam Altman, has yet to receive Nuclear Regulatory Commission (NRC) approval after a previous denial in 2022. The company aims to resubmit its application in 2025, benefiting from upcoming legislation to expedite the process. Oklo plans to have its first reactor online by 2027, but faces competition from other nuclear startups like Kairos and renewable energy projects. Google is involved in a $20 billion renewable power deal, emphasizing the competitive landscape Oklo faces.

Nuclear Energy Small Modular Reactors Data Centers Energy Agreements

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RATING

6.6

Fair Story

Consider it well-founded

The article provides a general overview of Oklo's agreement with Switch and the challenges it faces. While it covers several aspects of the deal, including regulatory hurdles and market competition, the article could benefit from more detailed sourcing and verification of facts.

Accuracy

The article presents a reasonably accurate summary of the situation involving Oklo and Switch, highlighting key details such as the non-binding nature of the agreement and the need for NRC approval. However, it would benefit from citations or references to verify specific claims, such as the timeline for NRC approval.

Balance

The article mentions competition from other nuclear startups and renewable energy sources, which adds some balance. However, it could provide more perspectives, particularly from regulatory bodies or industry experts, to ensure a well-rounded view.

Clarity

The article is generally clear and well-structured, avoiding emotive language and maintaining a neutral tone. It logically presents the information, making it easy for readers to follow the narrative.

Source quality

The article lacks direct citations or references to authoritative sources, making it difficult to assess the reliability of the information. Including quotes from industry experts or official statements from involved parties would enhance source quality.

Transparency

The article discloses the non-binding nature of the agreement and potential conflicts of interest, such as Sam Altman's involvement in Oklo. However, it could further elaborate on how these factors might affect the impartiality of the reporting.