Bloomberg: Oklo Selected for $200M AI Nuclear Initiative

Bloomberg reports that Oklo and X-Energy are joining a Trump administration initiative aimed at accelerating advanced nuclear reactor deployment to support the rapidly growing electricity demands of AI data centers. The $200 million initiative also includes Microsoft and Nvidia, and is designed to speed the development of new power generation needed for AI infrastructure. An official announcement could come as soon as Wednesday during a U.S. Department of Energy AI energy summit. As part of the program, several DOE national laboratories and institutions- including the University of Texas at Austin- are expected to share $60 million over three years to support research and development efforts. The initiative reflects growing concern that the rapid buildout of AI data centers is straining the U.S. electric grid and contributing to higher electricity prices. Major technology companies, including Nvidia and OpenAI, have identified energy availability as one of the biggest constraints on scaling AI in the United States and maintaining competitiveness with China. For Oklo, the news reinforces the company’s positioning as one of the advanced reactor developers expected to play a role in powering next-generation AI infrastructure. The administration’s continued focus on streamlining nuclear deployment and supporting domestic energy production could provide additional tailwinds for companies working to bring advanced reactors online.