Key Points
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Oklo develops advanced Aurora powerhouses that require next-generation nuclear fuel (HALEU).
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Centrus is the only company with an approved facility for HALEU production.
This month, nuclear energy companies Oklo (NYSE: OKLO) and Centrus Energy (NYSE: LEU) announced discussions for a joint venture focused on deconversion services for high-assay, low-enriched uranium (HALEU). This partnership aims to enhance supply chains and fuel-cycle technologies amidst the United States’ expansion of nuclear energy capabilities.
Oklo, known for its Aurora powerhouses, has planned a project in Ohio with Meta Platforms, targeting a 1.2 gigawatt capacity by 2034. In contrast, Centrus is enhancing its Ohio facility backed by a $900 million task order from the U.S. Department of Energy, aiming to initiate HALEU production in about 3.5 years. Centrus currently sources low-enriched uranium and is transitioning away from dependency on Russian imports by 2028.
