Oklo Inc. (NYSE: OKLO) and European advanced‑nuclear developer newcleo announced today a joint agreement to develop advanced fuel fabrication and manufacturing infrastructure in the United States. The partnership also includes Swedish developer Blykalla, which is considering co‑investing and procuring fuel‑related services for the same projects. Newcleo plans to invest up to $2 billion via a newcleo‑affiliated investment vehicle, with specific project details to be disclosed in forthcoming definitive agreements.
The collaboration aims to create a robust, transatlantic fuel ecosystem that can repurpose surplus plutonium and other waste materials into reactor fuel. By integrating newcleo’s lead‑cooled modular reactor expertise with Oklo’s fast‑reactor technology, the partnership seeks to accelerate the deployment of advanced reactors and strengthen U.S. energy security. The initiative is positioned to support the growing demand for clean, reliable power from AI data centers and other high‑energy‑intensity customers.
Oklo co‑founder and CEO Jacob DeWitte said, "Fissioning surplus plutonium is the best way to eliminate a legacy liability while creating an abundant near‑term fuel source." Newcleo CEO Stefano Buono added, "This strategic partnership proves that energy independence relies on advanced fuels and promotes an integrated closed‑loop fuel cycle."
The $2 billion investment and joint infrastructure plan expand Oklo’s fuel supply chain, reduce reliance on imported enrichment, and provide a scalable pathway for its Aurora fast‑reactor fleet. The partnership aligns with U.S. federal energy priorities and positions Oklo to accelerate commercial deployment of its reactors, potentially shortening the time to first commercial operation and enhancing its competitive advantage in the advanced nuclear market.
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