PRESS RELEASE3 MIN READ
- Siemens Energy would become Oklo’s preferred supplier for steam turbines and generator technology for its Aurora powerhouse.
- Siemens Energy would also provide consulting to support Oklo in related design work to optimize the integration of the power conversion systems (conventional island).
- This partnership will help develop capability for scale-up of the Aurora powerhouse deployments.
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Oklo Inc., a fast fission clean power technology and nuclear fuel recycling company, has signed a memorandum of understanding with Siemens Energy. This agreement designates Siemens Energy to potentially become Oklo’s preferred supplier for rotating equipment of the power conversion system (conventional island) for the Aurora powerhouse. Siemens Energy would also be positioned to provide consulting to support Oklo in design work of the conventional island. Through this strategic partnership, the power generation equipment of Oklo’s powerhouses is anticipated to be cost-efficient, well-proven, and sourced from readily available components, enabling a key catalyst for deployment scale-up and reliability of Oklo’s advanced fission power plants.
“Oklo is focused on providing clean, reliable, affordable power to customers. Fast fission reactors are a proven technology to produce heat and partnering with Siemens Energy takes steps to secure an efficient, reliable, and scalable supply chain for converting that heat into power in our Oklo Aurora powerhouses,” said Alex Renner, Senior Director of Product at Oklo.
By partnering with Siemens Energy, a global leader in energy technology, Oklo would gain access to a well-established supply chain for its essential components critical to making power. The partnership with Siemens Energy as a proven leader in energy solutions would complement Oklo’s overall design philosophy for the powerhouses, which is based on proven fast reactor technology with hundreds of reactor years of successful operational history.
“The clean power generated by advanced nuclear is one of the key steps to reaching a net zero future and Siemens Energy’s thermal energy components and services complement the powerhouses being developed by Oklo,” said Tobias Panse, Senior Vice President of Industrial Steam Turbines and Generators with Siemens Energy. “Working with Oklo as a preferred supplier will bring us closer to advanced nuclear deployments and our net-zero targets.”
Siemens Energy's contributions extend beyond the supply of steam turbine generators; they will also provide consulting to support the design and integration of the power conversion system (conventional island). Most importantly, this partnership accelerates the commercialization of Oklo's advanced fission energy solutions, addressing the global need for clean, reliable, and affordable energy sources.
About Oklo Inc.: Oklo Inc. (“Oklo” or the “Company”) 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.
On July 11, 2023, Oklo and AltC Acquisition Corp. (“AltC”) (NYSE: ALCC) announced that they have entered into a definitive business combination agreement that upon closing would result in the combined company to be listed on the New York Stock Exchange under the ticker symbol “OKLO.”
About AltC Acquisition Corp.: AltC Acquisition Corp. was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.