Oklo and Centrus sign multi‑year HALEU supply contracts for Ohio power campus
Oklo Inc. and Centrus Energy Corp. entered definitive agreements to deliver high‑assay low‑enriched uranium (HALEU) beginning in 2029. The contracts cover enough fuel for up to five Aurora reactors at Oklo’s planned 1.2 GW Ohio campus and include pre‑payments from Oklo, backed by Meta, to fund Centrus’s enrichment capacity build‑out. Centrus said the deals add to its existing $5.4 billion portfolio of LEU and HALEU contracts.
Why it matters
The fuel supply secures Oklo’s ability to launch its Ohio reactors on schedule, reducing execution risk for the project. Centrus gains prepaid funding and a larger contract backlog, which should support its revenue growth as domestic enrichment capacity expands.
Key facts
- 1Oklo and Centrus signed definitive multi‑year HALEU supply contracts on 12 Nov 2026. investing.com
- 2HALEU deliveries are scheduled to start in 2029. investing.com
- 3The agreements provide enough fuel for up to five Aurora powerhouses. investing.com
- 4Oklo will make pre‑payments to support Centrus’s enrichment capacity, with Meta’s pre‑payment backing the arrangement. investing.com
- 5Centrus has secured $5.4 billion in customer contracts and commitments for LEU and HALEU. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.