Centrus and Oklo sign fuel supply agreement

• Centrus Energy (NYSE:LEU) and Oklo (NYSE:OKLO) have signed a letter of intent for Centrus to supply high-assay low-enriched uranium (HALEU) to fuel up to five Aurora powerhouses.
• The supply agreement, which anticipates deliveries beginning in 2029, will support Oklo’s planned 1.2 gigawatt clean energy campus in southern Ohio.
• Centrus plans to leverage a $900 million U.S. Department of Energy task order and private capital to expand its American Centrifuge Plant in Pike County, Ohio.

Centrus Energy (NYSE:LEU) and Oklo (NYSE:OKLO) announced a letter of intent for the supply of domestic HALEU to power up to five Aurora powerhouses over multiple years.

The agreement supports Oklo’s development of a 1.2 gigawatt clean energy campus in southern Ohio, with fuel deliveries from the American Centrifuge Plant scheduled to commence in 2029.

Centrus intends to utilize a $900 million U.S. Department of Energy task order alongside private capital to scale its enrichment capacity in Pike County, Ohio.

The companies stated that the development is expected to create over 1,000 construction jobs and 300 operating positions at the Centrus site, while Oklo’s campus deployment will require over 700 construction employees.

Following the announcement, the Centrus Energy share price was $176.65, and the Oklo share price was $12.35.

Centrus operates as a provider of nuclear fuel and services, currently working to restore large-scale domestic uranium enrichment capabilities in the United States.

Oklo develops fast fission power plants using a build-own-operate model to deliver scalable, reliable, and carbon-free energy to industrial and commercial customers.