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Oklo signs LOIs with data centres to supply 750MW of low-carbon power

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US-based Oklo, a developer of fast fission power plants, has secured letters of intent (LOIs) to provide up to 750 MW of low-carbon energy to two data centre providers.  Under these LOIs, Oklo will deploy its Aurora powerhouses, which offer scalable solutions of 15 MW and 50 MW units, for direct on-site or nearby power generation in select markets. Oklo’s deployment model aims to reduce reliance on traditional power grids, enhancing grid stability and potentially…

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Avista to acquire 10% stake in 3 GW North Plains Connector transmission project

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Avista has signed a nonbinding memorandum of understanding to take a 10% ownership stake in the North Plains Connector, a 3 GW high-voltage direct current (HVDC) transmission line by Grid United’s subsidiary.  This 420-mile line will connect the US eastern and western electric grids between Montana and North Dakota, enabling bi-directional power transport from various generation sources. The North Plains Connector, linking the Midcontinent Independent System Operator, Western Interconnection, and Southwest Power Pool, will enhance…