OKLO
Fuel first, reactors second
Oklo is making the kind of move investors like because it sounds unsexy and therefore important: it wants to secure fuel before the shiny reactors are humming away. The company signed a letter of intent with Centrus to purchase high-assay low-enriched uranium, or HALEU, which is the specialized fuel needed for Oklo's Aurora powerhouses.
Why this matters
This isn't just a paper handshake. The deal could include prepayments from Oklo and is described as one of the first large-scale commercial HALEU supply agreements. In plain English: if you want to build advanced nuclear plants, you need fuel that isn't always easy to source. Getting that supply lined up can remove one of the bigger 'but how?' questions hanging over the project.
- Enough HALEU to support multiple years of Oklo reactor cores
- Fuel for as many as five Aurora powerhouses
- Part of Oklo's planned 1.2 GW Clean Energy Campus in southern Ohio
The investor angle
For Oklo, this is another breadcrumb showing the company is trying to turn its advanced-nuclear pitch into an actual supply chain. That's good news if you're betting on execution instead of just concept slides. For Centrus, it reinforces its role as a key supplier in the HALEU market, which is still a pretty exclusive club.
Big picture: nuclear power stories are never just about reactors. They're about fuel, regulation, construction, and patience — basically the four horsemen of 'this will take longer than you think.' Getting fuel lined up early is one more step toward making the whole thing feel real.