US internet and data centre company Equinix has signed a pre-agreement with small modular reactor developer Oklo to procure up to 500 MW of nuclear energy for its data centres.
Following a letter of intent signed in February, Equinix has made a $25m (€23m) prepayment to Oklo for the supply of power.
California-based Equinix says it has 260 data centres in 33 countries on five continents.
According to an Oklo filing with the US Securities and Exchange Commission, the funding is being treated as permitted equity financing – potentially giving Equinix a stake in Oklo totalling around 1.5-1.9%.
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