Centrus Energy, Oklo sign MOU for fuel, components, power procurement

Oklo and Centrus Energy (LEU) announced a new Memorandum of Understanding, MOU, between the two companies to support the deployment of Oklo’s advanced fission powerhouses and advanced nuclear fuel production in Southern Ohio, making the region a critical hub for the future of the U.S. nuclear industry. The parties intend to enter into one or more definitive agreements relating to the following collaborative activities addressed in the MOU: Oklo would purchase HALEU from the production facility Centrus is planning to build in Piketon, Ohio, the only such facility licensed by the U.S. Nuclear Regulatory Commission to produce HALEU. Centrus would purchase electricity from the Aurora powerhouses that Oklo is planning to build in Piketon. Centrus would manufacture components for Oklo’s Aurora powerhouse at Centrus’ advanced manufacturing facility in Oak Ridge, Tennessee, as well as manufacturing capacity at the American Centrifuge Plant in Piketon, Ohio, where HALEU production will take place. Centrus and Oklo would work together to establish and license the capabilities necessary to deconvert HALEU from uranium hexafluoride to uranium metal and fabricate fuel assemblies for Oklo’s Aurora powerhouses. Oklo recently announced a definitive business combination agreement with AltC. Upon closing of the business combination, the combined company will operate as Oklo and is expected to be listed on the New York Stock Exchange under the ticker “OKLO.”