Oklo Signs LOI to Supply 50 Megawatts of Power to Diamondback Energy
AltC Acquisition Corp. Class A (ALCC)
Company Research
Source: Business Wire
Oklo and Diamondback Energy signed a non-binding letter of intent (the “LOI”) to collaborate on a 20-year Power Purchase Agreement.Diamondback aims to use Oklo’s Aurora powerhouses to power its operations in the Permian Basin. SANTA CLARA, Calif.--(BUSINESS WIRE)--Oklo Inc. (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, announces an agreement with Diamondback Energy Inc. (“Diamondback”) (NASDAQ: FANG), the largest independent producer headquartered in the shale-oil region to collaborate on a long-term Power Purchase Agreement (“PPA”).This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240408533423/en/Oklo's Aurora powerhouse (Image: Gensler)The LOI signed by Diamondback outlines its intent to enter into a 20-year PPA with Oklo. The proposed agreement focuses on engaging Oklo’s Aurora powerhouses to supply reliable and emission-free electricity to Diamondback’s operations in the Permian Bas
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News
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ALCC
Sec Filings
- 4/29/24 - Form EFFECT
- 4/26/24 - Form 424B3
- 4/26/24 - Form 425
- ALCC's page on the SEC website