The initial plan is to offtake over 2000 MW of power from nuclear power plants owned by Vistra energy in Ohio, assist with fast tracking two reactors from TerraPower, and send a pre-payment to Oklo for securing nuclear fuel and advancing the first stage of a project in Ohio.

Shares of VST and OKLO spiked about 10% and 20%, respectively, in the premarket.

As we've noted repeatedly over the past year, there never seems to be enough power for data centers, which is why today's agreement is likely just the first step of many such deals. This latest plan unveils a roadmap for upwards of 6.6 GW of power, enough to power about 5 million American homes.