Equinix letter of intent to purchase power from Oklo
U.S. Securities and Exchange Commission · Feb 16, 2024
Supports: Executed LOI, 20-year contemplated PPAs, right of first refusal from 100 MW up to 500 MW, and site exclusions.
B2Energy rights
Equinix – Oklo energy rights LOI
Announced Feb 16, 2024 Covered U.S. facilities, subject to exclusionsLast verified Aug 3, 2026
Contractual weight
B2 evidence
Equinix paid $25 million for rights under an LOI, but site-specific PPAs still require negotiation and execution.
Money moved, which raises the deal above an ordinary LOI, but the 500 MW remains a right rather than contracted delivery.
Capacity
Capacity
- MW firm
- Not disclosed
- MW optioned
- 500 MW
Record history
Status timeline
Feb 16, 2024
Deal announced
- No later public status change is recorded.
Provenance
Sources
Oklo 2024 Form 10-K
U.S. Securities and Exchange Commission · Mar 24, 2025
Supports: $25 million payment, non-binding agreement risk, and requirement for later site-specific PPAs.