Oklo (OKLO) signs a power conversion system design agreement with Siemens Energy to accelerate the construction of its first nuclear power plant.

According to the Wisdom Finance APP, as of the time of publication, Oklo (OKLO.US) stock price rose 6% in pre-market trading on Wednesday. The company had previously announced that it had signed a binding contract with Siemens Energy to design and deliver a power conversion system for Oklo's Aurora power plant. The agreement authorizes Siemens Energy to start engineering and design work to expedite the procurement of long lead-time components and initiate the manufacturing process for the power conversion system.