Oklo Inc. and Centrus Energy Corp. have signed a non-binding Letter of Intent to cooperate in the deployment of a High-Assay, Low-Enriched Uranium production facility. HALEU is an advanced fuel material that can be used to fuel both existing and advanced fission power plants. Both companies are committed to working toward establishing domestic HALEU production capabilities to support the commercialization of Oklo’s power plants.
Orano will provide Centrus with a substantial long-term supply of SWU beginning after 2020. The supply from Orano provides Centrus with access to over 6 million SWU through 2030, a quantity equivalent to more than 50 reactor-years of nuclear fuel.