Atomic Alchemy, Oklo’s Proposed Acquisition Target, Signs MOU with Zeno Power to Provide Fuel for Commercial Radioisotope Power Systems
Atomic Alchemy, Oklo's proposed acquisition target, has signed an MOU with Zeno Power Systems to supply radioisotopes for commercial Radioisotope Power Systems (RPSs). The collaboration focuses on providing strontium-90 and americium-241 for 'nuclear batteries' used in remote and off-grid environments. Zeno Power has secured over $65 million in contracts with NASA, U.S. Navy, and U.S. Space Force. These radioisotopes can be produced as coproducts from Oklo's recycling processes, supporting missions from seabed exploration to lunar operations.
Alchimia Atomica, obiettivo di acquisizione proposto da Oklo, ha firmato un MOU con Zeno Power Systems per fornire radioisotopi per i Sistemi di Alimentazione a Radioisotopi (RPS). La collaborazione si concentra sulla fornitura di stronzio-90 e americio-241 per le 'batterie nucleari' utilizzate in ambienti remoti e non collegati alla rete. Zeno Power ha ottenuto oltre 65 milioni di dollari in contratti con NASA, Marina degli Stati Uniti e Forza Spaziale degli Stati Uniti. Questi radioisotopi possono essere prodotti come coprodotti dai processi di riciclaggio di Oklo, supportando missioni che vanno dall'esplorazione dei fondali marini alle operazioni lunari.
Alquimia Atómica, objetivo de adquisición propuesto por Oklo, ha firmado un MOU con Zeno Power Systems para suministrar radioisótopos para los Sistemas de Potencia a Radioisótopos (RPS). La colaboración se centra en proporcionar estroncio-90 y americio-241 para 'baterías nucleares' utilizadas en entornos remotos y fuera de la red. Zeno Power ha asegurado más de 65 millones de dólares en contratos con NASA, la Marina de EE. UU. y la Fuerza Espacial de EE. UU. Estos radioisótopos pueden producirse como coproductos de los procesos de reciclaje de Oklo, apoyando misiones que van desde la exploración del fondo marino hasta las operaciones lunares.
원자 알케미, Oklo의 인수 대상 제안이 제노 파워 시스템즈와 상업용 방사성동위원소 전원 시스템(RPS)을 위한 방사성 동위 원소 공급에 관한 MOU를 체결했습니다. 이 협력은 원거리 및 비상연결 환경에서 사용되는 '핵 배터리'를 위한 스트론튬-90 및 아메리슘-241의 공급에 중점을 둡니다. 제노 파워는 NASA, 미국 해군, 미국 우주군과의 계약으로 6천5백만 달러 이상을 확보했습니다. 이러한 방사성 동위 원소는 Oklo의 재활용 과정에서 공동 생산물로 생산될 수 있으며, 해저 탐사부터 달 임무까지의 임무를 지원합니다.
Alchemy Atomique, cible d'acquisition proposée par Oklo, a signé un MOU avec Zeno Power Systems pour fournir des radioisotopes pour des Systèmes de Puissance à Radioisotopes (RPS). La collaboration se concentre sur la fourniture de strontium-90 et d'américium-241 pour des 'batteries nucléaires' utilisées dans des environnements éloignés et hors réseau. Zeno Power a sécurisé plus de 65 millions de dollars en contrats avec la NASA, la marine américaine et la Space Force américaine. Ces radioisotopes peuvent être produits comme coproduits des processus de recyclage d'Oklo, soutenant des missions allant de l'exploration des fonds marins aux opérations lunaires.
Atomare Alchemie, das vorgeschlagene Übernahmeziel von Oklo, hat ein MOU mit Zeno Power Systems unterzeichnet, um radioisotope für kommerzielle Radioisotop-Stromversorgungssysteme (RPS) bereitzustellen. Die Zusammenarbeit konzentriert sich auf die Bereitstellung von Strontium-90 und Americium-241 für 'nukleare Batterien', die in abgelegenen und netzfernen Umgebungen eingesetzt werden. Zeno Power hat über 65 Millionen Dollar an Verträgen mit NASA, der US Navy und der US Space Force gesichert. Diese Radioisotope können als Nebenprodukte aus den Recyclingprozessen von Oklo hergestellt werden und unterstützen Missionen von der Erforschung des Meeresbodens bis zu Operationen auf dem Mond.
- Strategic partnership securing potential revenue stream from radioisotope supply
- Access to Zeno Power's $65M government contracts ecosystem
- Expansion into defense and space markets through radioisotope supply
- Synergistic use of Oklo's recycling process byproducts
- MOU is non-binding and preliminary in nature
- Acquisition of Atomic Alchemy still pending completion
Insights
This MOU represents a significant strategic development in the nuclear technology sector. The collaboration between Atomic Alchemy and Zeno Power creates a valuable vertical integration opportunity for Oklo's pending acquisition. The deal positions Oklo to capitalize on the growing
The technical synergy is compelling - Oklo's recycling processes can produce the specific radioisotopes (Sr-90 and Am-241) needed for Zeno's nuclear batteries, creating an efficient closed-loop system. This addresses a critical supply chain gap in the specialized radioisotope market while transforming nuclear waste into valuable products. The partnership could significantly strengthen Oklo's market position in both the commercial nuclear and defense sectors.
The strategic value of this MOU extends beyond commercial benefits into national security implications. Zeno Power's existing contracts with NASA, the U.S. Navy and Space Force demonstrate strong government backing for radioisotope power systems in critical defense applications. This partnership ensures domestic supply chain security for essential defense technology components, reducing dependence on foreign sources.
The timing is particularly relevant given the increasing focus on space exploration and underwater surveillance capabilities. The ability to provide reliable, long-lasting power sources for remote operations aligns with current defense priorities and could lead to expanded contract opportunities in the defense sector.
Atomic Alchemy's Radioisotope Production Facility (Image: Hillside Architecture)
This MOU marks a key step in Atomic Alchemy’s strategy to provide to the growing radioisotope market and expand its impact on critical missions, including space exploration and national defense. The MOU also represents an important milestone in furthering Atomic Alchemy’s efforts to supply radioisotopes for non-medical applications and its goal to expand its presence in key markets such as defense and energy. Atomic Alchemy and Zeno Power expect to explore opportunities that build upon Atomic Alchemy’s expertise in radioisotope production and recovery.
Through this collaboration, Atomic Alchemy expects to supply Zeno Power with strontium-90 (Sr-90), americium-241 (Am-241), and other radioisotopes needed to power RPSs like Radioisotope Thermoelectric Generators, or “nuclear batteries.” These systems are designed for remote and off-grid environments, such as space and undersea applications. These radioisotopes can be produced as coproducts from Oklo’s recycling processes.
Zeno Power’s novel design enables broad commercial use of RPSs in space and terrestrially. In late 2023, Zeno Power demonstrated its first Sr-90 heat source at Pacific Northwest National Laboratory. To date, Zeno Power has secured over
“This collaboration highlights the powerful synergies between Oklo, Atomic Alchemy, and Zeno Power in advancing nuclear technologies for the world’s most demanding missions,” said Thomas Eiden, Founder and CEO of Atomic Alchemy. “We are proud to support Zeno Power’s efforts by ensuring a dependable supply of critical radioisotopes.”
“We are thrilled to be working with Atomic Alchemy and Oklo to advance our fuel supply chain efforts and recover radioisotopes that otherwise would be waste,” said Harsh S. Desai, Chief Commercialization Officer at Zeno Power. “This partnership aims to expand access to critical isotopes, accelerating our work to meet the growing demand for reliable, persistent energy solutions from the ocean floor to the lunar surface.”
About Oklo Inc.: Oklo Inc. is developing fast fission power plants to provide clean, reliable, and affordable energy at scale. Oklo received a site use permit from the
About Atomic Alchemy Inc.: Atomic Alchemy Inc. is pioneering a resilient
About Zeno Power Systems, Inc.: Zeno Power is a leading developer of commercial radioisotope power systems (RPSs). The company, founded in 2018, has offices in
Forward-Looking Statements
This press release includes statements that express Oklo’s opinions, expectations, objectives, beliefs, plans, intentions, strategies, assumptions, forecasts or projections regarding future events or future results and therefore are, or may be deemed to be, “forward-looking statements.” The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” or, in each case, their negative or other variations or comparable terminology, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, the benefits of the proposed acquisition, results of operations, financial condition, liquidity, prospects, growth, strategies and the markets in which Oklo operates. Such forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties.
As a result of a number of known and unknown risks and uncertainties, the actual results or performance of Oklo may be materially different from those expressed or implied by these forward-looking statements. The following important risk factors could affect Oklo’s future results and cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements: risks related to the deployment of Oklo’s powerhouses; the risk that Oklo is pursuing an emerging market, with no commercial project operating, regulatory uncertainties; the potential need for financing to construct plants, market, financial, political and legal conditions; the effects of competition; the risk that an agreement with Atomic Alchemy and the proposed acquisition thereof do not materialize or fail to produce the expected benefits; the risk that the MOU does not materialize or fails to produce the expected benefits; changes in applicable laws or regulations; and the outcome of any government and regulatory proceedings and investigations and inquiries.
The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties of the other documents filed by Oklo from time to time with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20241121517388/en/
Media and Investor Contact for Oklo:
Bonita Chester, Head of Communications and Media at media@oklo.com
Investor Contact:
Sam Doane, Director of Investor Relations at investors@oklo.com
Media Contact for Zeno Power:
Ben Zimmermann, Marketing and Communications at c-bzimmermann@zenopower.com
Source: Oklo Inc.
FAQ
What is the purpose of the MOU between Atomic Alchemy and Zeno Power?
How much in contracts has Zeno Power secured with government agencies?
What types of radioisotopes will Atomic Alchemy supply to Zeno Power under the MOU?
How does this MOU relate to Oklo's (OKLO) business?
