Oklo Inc. (NYSE: OKLO), a company specializing in clean power technology and nuclear fuel recycling, has announced a significant advancement in its supply chain management by entering into a Preferred Supplier Agreement with Siemens Energy. This agreement, which covers the power conversion system for the Aurora powerhouse, highlights Oklo’s commitment to advancing cost-effective fission technology. This binding agreement builds on a previously signed Memorandum of Understanding and marks a pivotal step towards scaling production, enhancing cost efficiency, and accelerating deployment to meet increasing customer demand.
Siemens Energy will supply the steam turbine and generator technology—essential components in nuclear power plants—contributing to the power conversion and supporting systems for Oklo’s projects. By standardizing equipment across Oklo’s powerhouses, the partnership is expected to generate cost savings in manufacturing, construction, operations, and maintenance. Shared spare parts will further reduce maintenance downtime and improve overall performance.
Jacob DeWitte, Co-Founder and CEO of Oklo, stated, “We focus on cost efficiency in our engineering processes to maximize the benefits of fast fission technology. Our design leverages proven, small, pre-fabricated components made from readily available materials, which helps minimize costs and complexity.” Oklo’s fast fission technology uses liquid metal as a coolant, allowing high-temperature operation without pressurization and utilizing existing supply chains for nearly identical components.
With strong customer interest exceeding 1,300 megawatts in non-binding letters of intent, this partnership emphasizes Oklo’s market momentum and focus on commercializing advanced fission energy solutions. Alex Renner, Chief Product Officer at Oklo, added, “We are dedicated to delivering innovative and economically viable clean energy solutions.”
About Oklo Inc.
Oklo Inc. is developing fast fission power plants to deliver clean, reliable, and affordable energy on a large scale. The company has secured a site use permit from the U.S. Department of Energy, received fuel material from Idaho National Laboratory, submitted a combined license application to the Nuclear Regulatory Commission, and is working on advanced fuel recycling technologies in collaboration with U.S. Department of Energy and U.S. National Laboratories.
Forward-Looking Statements
This press release contains forward-looking statements that reflect Oklo’s opinions, expectations, beliefs, and plans regarding future events and results. These statements, which may use terms such as “anticipate,” “believe,” “expect,” “intend,” and similar expressions, involve risks and uncertainties. Actual results may differ materially from those projected due to factors such as the deployment of Oklo’s powerhouses, regulatory uncertainties, financing needs, competition, and changes in laws or regulations.
The risks and uncertainties listed are not exhaustive. For more details on risks, refer to Oklo’s filings with the U.S. Securities and Exchange Commission. Oklo undertakes no obligation to update or revise any forward-looking statements except as required by applicable securities laws.
