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Stock impact report

Oklo Establishes Preferred Supplier Agreement for Steam Turbine Generator Products and Services

Oklo Inc. Class A common stock (OKLO) 
Company Research Source: Business Wire
SANTA CLARA, Calif.--(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.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240813574727/en/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 technolo Show less Read more
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