Mentioned:
Oklo has grand ambitions for advanced nuclear reactors. And now, they’ve just struck a new deal with Centrus Energy for high-assay low-enriched uranium fuel.
What’s happening:
- Centrus Energy (NYSE: LEU) has formed a new deal with Oklo (NYSE: OKLO) to supply them with high-assay low-enriched uranium fuel
Why it matters:
- Centrus Energy currently operates the only American based facility licensed by the Nuclear Regulatory Commission to enrich uranium up to 20% for high-assay low-enriched uranium fuel
Going deeper:
- Oklo and Centrus Energy have both publicly stated that the new deal for high-assay low-enriched uranium will provide fuel for up to five of Oklo’s flagship Aurora advanced nuclear reactors
- Oklo has been making a flurry of moves focused on nuclear fuel lately, including striking a partnership with Nvidia (NASDAQ: NVDA) and Los Alamos National Laboratory to leverage artificial intelligence enabled research for nuclear fuel validation and materials research
The intrigue:
- The United States Department of Energy previously notably awarded Centrus Energy with a large scale purchase order for uranium enrichment
The fine print:
- Centrus Energy has publicly stated their first delivery of high-assay low-enriched uranium fuel to Oklo will not begin for three more years
