Oklo Inc. and the Southern Ohio Diversification Initiative (SODI) have entered into an agreement for land to host two commercial Oklo power plants in southern Ohio, Oklo announced in a May 18 press release.
The plants are expected to provide up to 30 megawatts (MW) of clean electricity and over 50 MW of clean heating. In addition, the plants will help to create new jobs for the southern Ohio community, providing economic diversity and clean energy in line with SODI’s mission to improve quality of life in Ohio.
Oklo’s business model of owning and operating its own nuclear plants “and use of mature, demonstrated reactor technologies allow us to provide power to customers who want the reliable, clean, and affordable energy we can provide,” said Jacob DeWitte, co-founder and CEO of Oklo.
SODI is a partner for the Site Reuse Deployment Guidance for Advanced Reactors project, which was funded through a U.S. Department of Energy grant intended for reactor technology and the use of former nuclear sites.
Oklo designs and deploys fissions power plants for clean and affordable energy and is based in Santa Clara, California.
Recommended Reading
Are Shale Producers Getting Credit for Reining in Spending Frenzy?
2024-12-10 - An unusual reduction in producer hedging found in a Haynes and Boone survey suggests banks are newly open to negotiating credit terms, a signal of market rewards for E&P thrift.
E&P Consolidation Ripples Through Energy Finance Providers
2024-11-29 - Panel: The pool of financial companies catering to oil and gas companies has shrunk along with the number of E&Ps.
Berry Closes Debt Refinancing to Uphold Growth Commitments
2024-12-26 - Berry Corp. closed a debt refinancing agreement to continue its corporate strategy of promoting scale and diversification.
Energy Sector Sees Dramatic Increase in Private Equity Funding
2024-11-21 - In a 10-day period, private equity firms announced almost $20 billion in energy funding. Is an end in sight for the fossil fuel capital drought?
Artificial Lift Firm Flowco’s Stock Surges 23% in First-Day Trading
2025-01-17 - Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.