Oklo and X-Energy Join $200M Trump Nuclear Program for AI Data Centers on July 22

OKLO6.30%
XE7.14%
MSFT-1.20%
NVDA1.86%
According to Bloomberg, Oklo and X-energy on July 22 joined a $200 million Trump administration nuclear initiative alongside Microsoft and Nvidia to accelerate power plant development for AI data centers, as announced at a US Department of Energy summit. The program allocates $60 million over three years to DOE national laboratories and institutions including the University of Texas at Austin. Both companies represent the advanced nuclear sector, with Oklo targeting its first Aurora reactor unit by early 2028 and X-energy pursuing commercial deployment. The effort reflects growing pressure to meet surging AI-driven electricity demand, with the DOE's public benchmark targeting 200 gigawatts of new nuclear capacity by 2050.
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