Advanced nuclear technology company Oklo Inc. and Meta Platforms have announced a major agreement aimed at developing up to 1.2 gigawatts of clean nuclear power in southern Ohio, a project expected to bring thousands of jobs and long-term economic investment to the region.

Meta Platforms (META.O) said on Friday it struck 20-year agreements to buy power from three Vistra (VST.N) nuclear plants in the U.S. heartland and develop projects with two companies hoping to build ...