Oklo Signs Firm HALEU Fuel Deal with Centrus to Launch 1.2GW Ohio Nuclear Campus

At a glance

Nuclear company Oklo has signed a firm contract with uranium enricher Centrus Energy for HALEU (high-assay low-enriched uranium, a more concentrated nuclear fuel). Deliveries start in 2029 and will supply a 1.2GW power campus in Ohio.

Key points

1. 1

   Oklo is paying Centrus in advance for future fuel, which helps Centrus build new enrichment equipment.

2. 2

   The fuel covers up to five Aurora power plants for several years.

3. 3

   The fuel will be made at Centrus's plant in Pike County, Ohio, starting in 2029.

4. 4

   The deal ties into an earlier power prepayment agreement with Meta.

Why it matters

As big tech companies that use huge amounts of power invest in nuclear plants, building up domestic nuclear fuel supply is speeding up.