Oklo is ripping higher after locking in a binding deal with Siemens Energy to supply the steam turbine and generator systems for its Aurora fission plant. The agreement kicks off engineering and design work and lets Siemens start securing long-lead components, which is the first real step toward getting power out of the ground. $OKLO ( ▼ 14.45% )
For Oklo, this is more than a vendor contract. The company still hasn’t produced revenue, and building an operational plant is the milestone it needs to graduate from the “promising concept” bucket to the “actual power producer” bucket. With AI demand pushing utilities to hunt for every watt they can find, the timing could not be better.
The company says the deal helps reduce supply chain and production timeline risks and gives investors something they have been waiting for: visible execution. Oklo has been hammered over the past month as speculative names sold off, losing nearly half its value from mid-October to mid-November.
Today’s announcement is the clearest sign yet that Oklo is actually moving hardware, not just pitching slide decks. If the Aurora plant hits its targets, the company could become one of the more serious players in the advanced nuclear race.