Power suppressed effects in B-> X_s gamma at O(alpha_s)

We compute the O(alpha_s) corrections to the Wilson coefficients of the dimension five operators emerging from the Operator Product Expansion of inclusive radiative B decays. We discuss the impact of the resulting O(alpha_s Lambda_QCD^2/m_b^2) corrections on the extraction of m_b and mu_pi^2 from the moments of the photon spectrum.