Stardust Power and OG&E Finalize Key Infrastructure Agreement to Power One of North America’s Largest Proposed Lithium Refineries Located in Muskogee, Oklahoma
GREENWICH, Conn., May 05, 2025 (GLOBE NEWSWIRE) -- Stardust Power Inc. (NASDAQ: SDST) ("Stardust Power" or the "Company"), an American developer of battery-grade lithium products, is pleased to announce the execution of a key service agreement with Oklahoma Gas and Electric Company (“OG&E”) to develop an electric substation on Stardust Power’s site marking a significant milestone in the development of its proposed lithium refinery located within the Southside Industrial Park in Muskogee, Oklahoma. As part of the terms, the cost of engineering, procurement, and construction of the Stardust Power substation will be paid for by a long-term usage commitment by the Company at the facility.
This agreement allows OG&E to further its electrical infrastructure and engineering work needed to supply long-term power to Stardust Power’s proposed refinery. Once completed, the refinery will rank among one of the largest lithium refineries in North America. The project is set to play a vital role in strengthening a secure domestic supply chain for battery-grade lithium, an essential material for electric vehicles, energy storage systems, military technologies, and AI applications.
“This agreement reflects not only the incredible support we’ve received from our utility partners, but also the shared vision for making Oklahoma a national hub for energy infrastructure,” said Roshan Pujari, Founder and CEO of Stardust Power. “Reliable and scalable electrical service is a cornerstone of our refinery’s operations, and OG&E’s partnership ensures we’ll have the necessary foundation to power this transformative facility as we build it out and operate it in the future.”
The site currently has the capacity to provide construction power, but the new substation will provide operating power for the facility as well as future growth opportunities. Under the agreement, OG&E will initiate site-specific engineering, design and procurement efforts to support the anticipated power load requirements of up to 40 megawatts. The work includes potential upgrades to regional transmission systems and preparation for high-capacity electrical service at the 66-acre site.
“This is a crucial step in bringing power to our site and advancing our project to the next phase,” added Chris Celano, Chief Operations Officer, Stardust Power. “It’s also a key move toward fulfilling our commitment to job creation and clean energy innovation in Muskogee and Oklahoma.”
The refinery project is expected to generate hundreds of well-paying jobs and attract further investment to the region, supporting Oklahoma’s growing leadership in clean energy, advanced manufacturing, and critical minerals processing. Stardust Power is working towards its Final Investment Decision (“FID”) stage of the project, which when greenlit, will signal the start of detailed design and follow-on construction of the refinery.
About Stardust Power Inc.
Stardust Power is a developer of battery-grade lithium products designed to bolster America’s energy leadership by building resilient supply chains. Stardust Power is developing a strategically central lithium refinery in Muskogee, Oklahoma with the anticipated capacity of producing up to 50,000 metric tons per annum of battery-grade lithium. The Company is committed to sustainability at each point in the process. Stardust Power trades on the Nasdaq under the ticker symbol “SDST.”
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