Overview
- Siemens Energy will design and deliver the Aurora power conversion system, unlocking procurement of long‑lead parts and the start of manufacturing.
- The first Aurora unit is under construction at Idaho National Laboratory, where Kiewit serves as EPC on the 15 MWe prototype.
- Oklo outlines two timelines, with an internal push for one pilot to reach criticality by July 4, 2026, and public guidance pointing to initial deployment in late 2027 to early 2028.
- Oklo shares rose about 4% on the announcement after recent volatility that included a roughly 30%–40% pullback in late October and November.
- The company remains pre‑revenue with a recent quarter showing zero revenue and a $36.3 million operating loss as it develops sodium‑cooled fast reactors and a fuel‑recycling model.