- Oklo stated Monday it signed an settlement with Diamondback Vitality (NASDAQ:FANG) to collaborate on a long-term energy buy settlement.
- The LOI signed by Diamondback outlines its intent to enter right into a 20-year PPA with Oklo.
- In accordance with the phrases of the LOI, Oklo intends to license, construct, and function powerhouses able to producing 50 MW of electrical energy to Diamondback E&P LLC, a completely owned subsidiary of Diamondback close to Midland, Texas.
- The LOI outlines choices to resume and prolong the potential PPA for an extra 20-year time period.
- Press Launch.
