- Stardust Power (SDST, Financial) partners with OG&E on key power infrastructure for North American lithium refinery.
- The 40-megawatt facility will bolster the domestic lithium supply chain and create hundreds of jobs in Oklahoma.
- The project is nearing its Final Investment Decision (FID) stage.
Stardust Power Inc. (NASDAQ: SDST) has sealed a significant service agreement with Oklahoma Gas and Electric Company (OG&E) to establish an electric substation for its proposed lithium refinery in Muskogee, Oklahoma. This development marks a pivotal step forward for one of North America's largest planned lithium refineries, located on a 66-acre site in the Southside Industrial Park.
The collaboration entails OG&E providing up to 40 megawatts of power capacity, critical for the facility's operations and future growth. The substation's costs will be covered by a long-term usage commitment, aligning with Stardust Power's strategic plan to reinforce the domestic supply chain of battery-grade lithium. The refinery's output will support industries, including electric vehicles, energy storage, military technologies, and AI applications.
Stardust Power is approaching the Final Investment Decision (FID) stage, which will trigger detailed design and subsequent construction phases. Once operational, the facility is expected to generate hundreds of well-paying jobs, positioning Oklahoma as a hub for clean energy and critical minerals processing.
Roshan Pujari, CEO of Stardust Power, emphasized the transformative partnership with OG&E, noting the importance of reliable and scalable electrical service for the refinery's success. Chief Operations Officer Chris Celano highlighted the role this development plays in advancing the project and fulfilling commitments to economic growth and innovation in the region.
As Stardust Power moves closer to finalizing its investment decision, the company remains committed to sustainability and strengthening America's energy leadership through a resilient lithium supply chain.
