Nuclear fission holds enormous potential for the energy transition. And even oil and gas companies are buying in.
What’s happening:
- Fast fission clean power technology company Oklo has entered into a new power purchase agreement with oil and gas company Diamondback Energy (NASDAQ: FANG)
- The agreement will see Oklo provide Diamondback with 50 megawatts of power through their flagship Aurora powerhouse which host their reactors
Why it matters:
- Nuclear fission is one of the most promising areas of clean energy due to its ability to reliably produce emission free electricity
By the numbers:
- The power purchase agreement between Oklo and Diamondback Energy is set over 20 years
- Oklo’s flagship Aurora powerhouses are built to operate for 40 years
Going deeper:
- Oklo has also been developing advanced fuel recycling technologies capable of turning nuclear fuel into clean energy in collaboration with the United States Department of Energy and the United States National Laboratory
The intrigue:
- Oklo is currently working through a public listing through a SPAC transaction with AltC Acquisition Corp (NYSE: ALCC) which is led and funded by OpenAI founder Sam Altman
