Oklo Establishes Preferred Supplier Agreement for Steam Turbine Generator Products and Services
13 Agosto 2024 - 1:56PM
Business Wire
Oklo Inc. (NYSE: OKLO) (“Oklo”), a fast fission clean power
technology and nuclear fuel recycling company, today announced a
key strategic development in its supply chain management by signing
a Preferred Supplier Agreement with Siemens Energy for the power
conversion system of the Aurora powerhouse. This agreement
underscores Oklo’s ambitions to bring cost-efficient advanced
fission technology to market. Building on a previously signed
Memorandum of Understanding, this binding agreement marks a crucial
step in Oklo's vision to enhance production scalability, cost
efficiency, and rapid deployment to meet growing customer
demand.
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the full release here:
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The Oklo team in discussion with Siemens
Energy on the industrial steam turbine at Siemens Energy's Houston
office (Image: Oklo)
Siemens Energy is a supplier of steam turbine and generator
technology - rotating equipment that is part of the conventional
island in small and large nuclear generation plants. Siemens Energy
will supply the power conversion and supporting systems, fostering
efficiencies through economies of scale. Standardizing equipment
across Oklo’s powerhouses is expected to result in cost savings in
manufacturing, construction, operations, and maintenance. Utilizing
shared spare parts across deployment is expected to reduce
maintenance downtime, enhance reliability, and improve overall
performance.
“We prioritize cost in our engineering process to fully leverage
the advantages of fast fission technology,” said Jacob DeWitte,
Oklo’s co-founder and CEO. “Our technology is based on proven
designs, allowing us to utilize small, pre-fabricated, and
non-pressurized components made from readily available materials
and existing supply chains, further reducing costs and complexity.”
Oklo’s fast fission technology utilizes liquid metal as a coolant.
Liquid metal’s high boiling point allows the reactor to operate at
high temperatures without being pressurized. This design enables
the use of commonly available alloys, benefiting from existing
large-scale supply chains already producing nearly identical
parts.
With robust customer engagement exceeding 1,300 megawatts in
non-binding letters of intent, this partnership underscores Oklo’s
market traction and strategic focus on commercialization. “We are
committed to delivering advanced fission clean energy solutions
that are both innovative and economically viable,” said Alex
Renner, Chief Product Officer at Oklo.
About Oklo Inc.: Oklo Inc. is developing fast fission
power plants to provide clean, reliable, and affordable energy at
scale. Oklo received a site use permit from the U.S. Department of
Energy, was awarded fuel material from Idaho National Laboratory,
submitted the first advanced fission custom combined license
application to the Nuclear Regulatory Commission, and is developing
advanced fuel recycling technologies in collaboration with the U.S.
Department of Energy and U.S. National Laboratories.
Forward-Looking Statements
This press release includes statements that express Oklo’s
opinions, expectations, objectives, beliefs, plans, intentions,
strategies, assumptions, forecasts or projections regarding future
events or future results and therefore are, or may be deemed to be,
“forward-looking statements.” The words “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “intends,” “may,”
“might,” “plan,” “possible,” “potential,” “predict,” “project,”
“should,” “would” or, in each case, their negative or other
variations or comparable terminology, and similar expressions may
identify forward-looking statements, but the absence of these words
does not mean that a statement is not forward-looking. These
forward-looking statements include all matters that are not
historical facts. They appear in a number of places throughout this
press release and include statements regarding our intentions,
beliefs or current expectations concerning, among other things, the
timing, goals and benefits of the partnership, results of
operations, financial condition, liquidity, prospects, growth,
strategies and the markets in which Oklo operates. Such
forward-looking statements are based on information available as of
the date of this press release, and current expectations, forecasts
and assumptions, and involve a number of judgments, risks and
uncertainties.
As a result of a number of known and unknown risks and
uncertainties, the actual results or performance of Oklo may be
materially different from those expressed or implied by these
forward-looking statements. The following important risk factors
could affect Oklo’s future results and cause those results or other
outcomes to differ materially from those expressed or implied in
the forward-looking statements: risks related to the deployment of
Oklo’s powerhouses; the risk that Oklo is pursuing an emerging
market, with no commercial project operating, regulatory
uncertainties; the potential need for financing to construct
plants; market, financial, political and legal conditions; the
effects of competition; changes in applicable laws or regulations;
the risk that the agreement with Siemens Energy fails to produce
the expected benefits; and the outcome of any government and
regulatory proceedings and investigations and inquiries.
The foregoing list of factors is not exhaustive. You should
carefully consider the foregoing factors and the other risks and
uncertainties of the other documents filed by Oklo from time to
time with the U.S. Securities and Exchange Commission. The
forward-looking statements contained in this press release and in
any document incorporated by reference are based on current
expectations and beliefs concerning future developments and their
potential effects on Oklo. There can be no assurance that future
developments affecting Oklo will be those that Oklo has
anticipated. Oklo undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws.
Source: Oklo Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20240813574727/en/
Media and Investor Contact for Oklo: Bonita Chester, Head
of Communications and Media at media@oklo.com and
investors@oklo.com
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