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April 11, 2024, 9:30AMNuclear News

Concept art of Oklo's Aurora Powerhouse in use. (Source: Oklo)

Next-generation reactor company Oklo Inc. is teaming up with Diamondback Energy Inc. to bring Oklo’s Aurora Powerhouse units to the American Southwest.

The companies signed a nonbinding letter of intent (LOI) this week to collaborate on a 20-year power purchase agreement that would provide 50 MW of electricity per unit to Diamondback’s Permian Basin operations area. The agreement lays out options to renew and extend the agreement for an additional 20-year term, since the units are designed to operate for 40 years without needing to refuel. Diamondback is an independent oil and gas company headquartered in Texas.

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