Oklo Inc. secured a fuel supply agreement with Centrus Energy Corp. to power up to five Aurora fast fission reactors at a planned 1.2-gigawatt campus in southern Ohio. Centrus will deliver high-assay low-enriched uranium from its Ohio facility starting in 2029. The deal addresses a critical bottleneck in the advanced nuclear sector: access to domestically sourced HALEU.
Oklo Inc. secured a fuel supply agreement with Centrus Energy Corp. to power up to five Aurora fast fission reactors at a planned 1.2-gigawatt campus in southern Ohio. Centrus will deliver high-assay low-enriched uranium from its Ohio facility starting in 2029. The deal addresses a critical bottleneck in the advanced nuclear sector: access to domestically sourced HALEU.
Oklo Inc. secured a fuel supply agreement with Centrus Energy Corp. to power up to five Aurora fast fission reactors at a planned 1.2-gigawatt campus in southern Ohio, with deliveries of high-assay low-enriched uranium scheduled to begin in 2029.
"This agreement aligns core elements of advanced nuclear deployment: power generation, fuel, and customer demand," Oklo co-founder and Chief Executive Officer Jacob DeWitte said.
Centrus will supply HALEU from its American Centrifuge Plant in Pike County, Ohio, under a letter of intent that may include prepayments from Oklo to support the campus buildout. The deal follows Oklo's January 2026 agreement with Meta Platforms Inc., which also included prepayment provisions. Centrus plans to combine billions in private capital with a $900 million HALEU task order from the US Department of Energy.
The agreement addresses one of the central constraints facing the advanced nuclear sector: access to domestically sourced HALEU, which is enriched to 19.75 percent compared with 3 percent to 5 percent for conventional reactor fuel. Oklo's Aurora powerhouses use liquid-metal cooling with low-water requirements and inherent safety characteristics, making them suited for industrial applications. The project is expected to require more than 700 full-time construction workers over multiple years, with each powerhouse supporting 40 to 50 permanent jobs.
Centrus' expansion at Piketon is expected to create 1,000 construction jobs and 300 new operating positions in Ohio while retaining 150 existing roles. For every eight Aurora powerhouses deployed, an additional 80 to 120 permanent roles will support site-wide operations.
Oklo was the first company to receive a site use permit from the DOE for a commercial advanced fission plant and submitted the first custom combined license application for an advanced reactor to the Nuclear Regulatory Commission. The company is also developing advanced fuel recycling technologies in collaboration with the DOE and US national laboratories.
The deal strengthens fuel supply certainty for Oklo's Aurora deployments at a time when HALEU availability remains a bottleneck for the advanced nuclear industry. Kiewit Corp., one of North America's largest construction and engineering organizations, is providing engineering and construction experience for the project.
Oklo shares, which trade on the New York Stock Exchange under the ticker OKLO, are likely to benefit from the reduced fuel supply risk. Centrus (NYSE: LEU) gains a marquee customer for its HALEU production capabilities, validating the commercial viability of its American Centrifuge Plant expansion. Oklo trades at a valuation that reflects the early-stage nature of its technology, and the fuel agreement removes one layer of execution uncertainty for investors tracking the advanced nuclear sector.
This article is for informational purposes only and does not constitute investment advice.
