Oklo surges after signing contract with Siemens Energy to accelerate progress of its advanced fission power plant
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Oklo's stock surged after signing a contract with Siemens Energy for steam turbine and generator systems to advance its nuclear power plant. Siemens Energy will begin engineering and design work for the Aurora powerhouse at Idaho National Laboratory. This contract aims to de-risk supply chain and production timeline challenges. Oklo's shares had previously dropped amid a downturn in speculative stocks.
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