SANTA CLARA, Calif.--(BUSINESS WIRE)--Jan 17, 2025--
Oklo Inc. (NYSE: OKLO) (“Oklo”), an advanced nuclear power and nuclear fuel recycling company, has signed a memorandum of understanding with RPower, a leading provider of onsite prime and backup power solutions, to deploy a phased power model for data centers. This model combines immediate energy deployment using RPower natural gas generators with a transition path to clean, reliable energy from Oklo’s Aurora powerhouses, eliminating reliance on diesel generators and supporting scalable, sustainable operations.
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“This collaboration aims to ensure that data centers can access reliable energy today while building a clear and practical pathway to clean energy in the future,” said Jacob DeWitte, Co-Founder and CEO of Oklo. “With a growing customer pipeline and a current order book of 14 gigawatts of energy, we are thrilled to work with RPower to address both immediate and long-term energy challenges.”
Once implemented, the phased power model is expected to work in three stages. Initially, RPower’s natural gas generators will be deployed within approximately 24 months, depending on site conditions, to meet immediate power needs for data centers that the local utility cannot serve. Next, Oklo’s advanced nuclear power solutions, the Aurora powerhouses, will be added to these sites as they become commercially available, providing emissions-free energy. Finally, over time, the Aurora powerhouses will supply the majority of the energy needed, transitioning the RPower natural gas generators to backup and resilience roles and allowing RPower to serve as a Good Grid Citizen TM by providing extra power to the local grid in times of need.
By leveraging Oklo’s advanced nuclear expertise and RPower’s deep experience with prime and backup power systems, this relationship aims to offer a comprehensive, turnkey solution and speed to market for data centers and other large energy users. Oklo and RPower intend to work together to deploy this phased power strategy on behalf of their respective existing customers as well as new customers who can benefit from this unique combination of immediately deployable natural gas generation with the ability to transition to nuclear energy solutions in the future.
“Our relationship with Oklo represents a powerful way to bridge today’s energy demands with tomorrow’s clean energy solutions,” said Jamie Smith, COO of RPower. “We are excited to bring this phased model to market, providing valuable and timely energy solutions to our customers while advancing their sustainability goals.”
About Oklo Inc.: Oklo Inc. is developing advanced nuclear 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 U.S. Nuclear Regulatory Commission, and is developing advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and U.S. National Laboratories.
About RPower: Founded in 2021, RPower is a power generation company spanning prime, merchant, and backup power generation solutions. RPower specializes in providing prime and backup power generation to companies with mission critical loads, with a focus on serving energy-intensive business including the Data Center and Oil & Gas segments. The RPower team of energy market professionals has a proven track record in the electric power industry serving large industrial customers and utilities with power generation project development, asset operations, asset optimization, project financing, and energy services. RPower is well capitalized and backed by I Squared Capital based in Miami, FL.
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 memorandum of understanding, 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 a binding agreement with RPower does not materialize or 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.
Oklo Aurora powerhouse (Image: Gensler)
