Oklo and Centrus Sign Letter of Intent for HALEU Supply
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 hours ago
0mins
Oklo (OKLO) and Centrus Energy (LEU) announced a Letter of Intent under which Centrus agrees to supply enough domestic high-assay low-enriched uranium (HALEU) to power up to five Aurora powerhouses for multiple years, with deliveries to Oklo scheduled to begin in 2029. Centrus will supply HALEU from its American Centrifuge Plant in Pike County, Ohio to support Oklo's planned 1.2 GW power campus in the region. The agreement, which anticipates a further definitive contract, brings together domestic fuel supply, planned advanced nuclear power generation, customer demand, and project execution in southern Ohio while strengthening fuel certainty for Oklo's planned Aurora powerhouse deployments at a time when access to domestically sourced HALEU remains one of the central constraints facing the advanced nuclear sector. The Letter of Intent could include prepayments from Oklo to Centrus to support fuel supply for Oklo's planned campus buildout and will be further negotiated in a future definitive agreement. It follows Oklo's January 2026 announcement with Meta, which included prepayment to advance project certainty for Oklo's planned Aurora powerhouse campus. Centrus plans to leverage billions in private capital along with the previously announced $900 million HALEU task order from the U.S. Department of Energy.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy OKLO?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on OKLO
Wall Street analysts forecast OKLO stock price to rise
12 Analyst Rating
7 Buy
5 Hold
0 Sell
Moderate Buy
Current: 58.820
Low
90.00
Averages
125.11
High
175.00
Current: 58.820
Low
90.00
Averages
125.11
High
175.00
About OKLO
Oklo Inc. is an advanced nuclear technology company. The Company is engaged in developing fast fission power plants to provide clean, reliable, and affordable energy at scale. It focuses on producing electricity and heat from its Aurora powerhouses, which can run on fresh, recycled, or down-blended nuclear fuel. It is also commercializing nuclear fuel recycling technology that can convert used nuclear fuel into usable fuel for its powerhouses and those of others. Its Aurora powerhouse product line is designed with embedded safety features, to be able to run on fresh, recycled, or down-blended fuel, and to produce 15-75 megawatts of electric (MWe). Its radioisotope activities are to support domestic supply for medical, industrial, space, defense, and other critical applications. The Company's capabilities also include high-precision machining, prototyping, fabrication, inspection, procurement support, and mechanical engineering.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Oklo's Microreactors Facilitate Small Nuclear Plant Development
- Significant Market Potential: Oklo's Aurora microreactor can connect multiple units to generate up to 75 MWe per 'Powerhouse' plant, which, while significantly lower than conventional nuclear plants' 1,000 MWe, is better suited for building smaller plants in remote areas, addressing future energy demands.
- Fuel Advantages: The Aurora operates on metallic uranium fuel pellets that offer higher thermal resistance and lower fabrication costs compared to traditional uranium dioxide pellets, allowing for a decade of operation without refueling, thus enhancing operational efficiency and economic viability.
- Critical Testing Ahead: If Oklo passes the U.S. Department of Energy's criticality test by the July 4 deadline, it will accelerate its Reactor Pilot Program for nuclear testing, paving the way for the deployment of its first Powerhouse reactors in Idaho by 2027, marking a significant milestone.
- Revenue Growth Expectations: Analysts project Oklo's revenue to surge from $4.6 million in 2027 to $51.3 million in 2028, and with the global microreactor market expected to grow at a 24.3% CAGR, Oklo is positioned for potential multibagger returns over the next decade.
See More
Oklo and Centrus Sign Letter of Intent for HALEU Supply
- Letter of Intent Signed: Oklo (OKLO) and Centrus Energy (LEU) have signed a letter of intent where Centrus will supply high-assay low-enriched uranium (HALEU) to power up to five Aurora powerhouses, with deliveries set to begin in 2029, significantly enhancing Oklo's long-term energy supply capabilities.
- Support for Power Campus Construction: Centrus will supply HALEU from its American Centrifuge Plant in Ohio to support Oklo's planned 1.2 GW power campus, which not only boosts the feasibility of Oklo's project but also lays the groundwork for the U.S. advanced nuclear industry.
- Potential Prepayment Arrangement: The letter of intent may include prepayments from Oklo to Centrus to support fuel supply construction, with specific terms to be negotiated in the future, which will help ensure liquidity and stability in fuel supply during Oklo's construction phase.
- Strategic Significance: Oklo CEO Jacob DeWitte noted that this agreement tightly integrates advanced nuclear power generation, fuel supply, and customer demand, while Centrus CEO Amir Vexler emphasized that it establishes a foundation for a new advanced nuclear energy hub in southern Ohio, reflecting a shared vision for advancing nuclear energy.
See More
Oklo and Centrus Sign Letter of Intent for HALEU Supply
- Letter of Intent Signed: Oklo and Centrus have signed a Letter of Intent under which Centrus will supply sufficient high-assay low-enriched uranium (HALEU) to support up to five Aurora powerhouses, with deliveries starting in 2029, ensuring stable fuel supply for Oklo in the coming years.
- Project Scale and Impact: This agreement supports Oklo's planned 1.2 GW power campus in southern Ohio, expected to create over 700 full-time construction jobs and 40 to 50 permanent technical support positions, significantly boosting local economic development.
- Strategic Collaboration: Centrus plans to leverage billions in private capital along with a $900 million HALEU task order to further strengthen U.S. uranium enrichment capabilities, advancing the commercialization of advanced nuclear energy and ensuring reliable future nuclear fuel supply.
- Regional Development Potential: This collaboration not only connects advanced nuclear power generation with customer demand but also lays the foundation for establishing a new nuclear energy hub in southern Ohio, showcasing the region's extensive experience and highly skilled workforce in the nuclear sector.
See More
Investment Outlook Post-SpaceX IPO: Opportunities and Challenges
- Massive Market Potential: SpaceX's IPO prospectus reveals a staggering growth potential of $28.5 trillion, significantly exceeding its initial valuation of $1.77 trillion, highlighting both the company's confidence in future markets and the challenges for investors.
- Rapid Capital Deployment: With $75 billion in fresh capital, SpaceX is expected to quickly invest in expanding its artificial intelligence and data center infrastructure, although its energy generation plans remain less developed, posing potential challenges ahead.
- Nuclear Investment Opportunities: SpaceX may look to acquire small modular reactor companies like NuScale Power to meet its urgent power needs, particularly in data center construction, reflecting its commitment to low-carbon energy solutions.
- Competitive Market Strategies: Companies like Oklo and NuScale Power are pursuing different market strategies in the small modular reactor space, necessitating investor diligence to capitalize on SpaceX's future energy demands and investment opportunities.
See More
SpaceX Set to Launch Major Investment Initiative Post-IPO
- Massive Market Potential: SpaceX's IPO prospectus reveals a staggering growth potential of $28.5 trillion, significantly surpassing its initial valuation of $1.77 trillion, indicating the company's confidence and strategic positioning for future markets.
- Rapid Capital Deployment: With $75 billion in fresh capital, SpaceX plans to quickly invest in expanding its artificial intelligence and data center infrastructure, which is expected to significantly boost its market share in these sectors.
- Urgent Energy Needs: As SpaceX expands its data centers, it faces an urgent need for power generation, with small modular reactors (SMRs) seen as a potential solution to quickly meet its energy demands, showcasing the company's forward-thinking energy strategy.
- Emerging Investment Opportunities: Companies like Oklo and NuScale Power, specializing in small modular reactors, are viewed as potential beneficiaries of SpaceX's future energy needs, prompting investors to closely monitor their market strategies to capitalize on upcoming investment opportunities.
See More
Oklo's Stock Volatility Post-Merger Highlights Growth Potential
- IPO Performance: Oklo went public through a SPAC merger in May 2024, opening at $15.50 per share and soaring to $174.14 on October 14, 2025, indicating initial market enthusiasm for its microreactor technology.
- Market Challenges: Despite its previous highs, Oklo's stock currently trades around $60 due to a lack of meaningful revenue and macroeconomic pressures such as rising interest rates and geopolitical conflicts, reflecting cautious market sentiment regarding its valuation.
- Technological Advantages: The Aurora microreactor's modular design allows for the construction of smaller power plants in remote areas, utilizing metallic uranium fuel pellets that offer higher thermal resistance and lower fabrication costs, with a projected ten-year operational lifespan without refueling.
- Future Outlook: If Oklo passes the U.S. Department of Energy's criticality test by July 4, it will expedite its Reactor Pilot Program, with revenue expected to rise from $4.6 million in 2027 to $51.3 million in 2028, highlighting its significant potential in the microreactor market.
See More
Oklo's Microreactors Facilitate Small Nuclear Plant Development
- Significant Market Potential: Oklo's Aurora microreactor can connect multiple units to generate up to 75 MWe per 'Powerhouse' plant, which, while significantly lower than conventional nuclear plants' 1,000 MWe, is better suited for building smaller plants in remote areas, addressing future energy demands.
- Fuel Advantages: The Aurora operates on metallic uranium fuel pellets that offer higher thermal resistance and lower fabrication costs compared to traditional uranium dioxide pellets, allowing for a decade of operation without refueling, thus enhancing operational efficiency and economic viability.
- Critical Testing Ahead: If Oklo passes the U.S. Department of Energy's criticality test by the July 4 deadline, it will accelerate its Reactor Pilot Program for nuclear testing, paving the way for the deployment of its first Powerhouse reactors in Idaho by 2027, marking a significant milestone.
- Revenue Growth Expectations: Analysts project Oklo's revenue to surge from $4.6 million in 2027 to $51.3 million in 2028, and with the global microreactor market expected to grow at a 24.3% CAGR, Oklo is positioned for potential multibagger returns over the next decade.
See More
Oklo and Centrus Sign Letter of Intent for HALEU Supply
- Letter of Intent Signed: Oklo (OKLO) and Centrus Energy (LEU) have signed a letter of intent where Centrus will supply high-assay low-enriched uranium (HALEU) to power up to five Aurora powerhouses, with deliveries set to begin in 2029, significantly enhancing Oklo's long-term energy supply capabilities.
- Support for Power Campus Construction: Centrus will supply HALEU from its American Centrifuge Plant in Ohio to support Oklo's planned 1.2 GW power campus, which not only boosts the feasibility of Oklo's project but also lays the groundwork for the U.S. advanced nuclear industry.
- Potential Prepayment Arrangement: The letter of intent may include prepayments from Oklo to Centrus to support fuel supply construction, with specific terms to be negotiated in the future, which will help ensure liquidity and stability in fuel supply during Oklo's construction phase.
- Strategic Significance: Oklo CEO Jacob DeWitte noted that this agreement tightly integrates advanced nuclear power generation, fuel supply, and customer demand, while Centrus CEO Amir Vexler emphasized that it establishes a foundation for a new advanced nuclear energy hub in southern Ohio, reflecting a shared vision for advancing nuclear energy.
See More
Oklo and Centrus Sign Letter of Intent for HALEU Supply
- Letter of Intent Signed: Oklo and Centrus have signed a Letter of Intent under which Centrus will supply sufficient high-assay low-enriched uranium (HALEU) to support up to five Aurora powerhouses, with deliveries starting in 2029, ensuring stable fuel supply for Oklo in the coming years.
- Project Scale and Impact: This agreement supports Oklo's planned 1.2 GW power campus in southern Ohio, expected to create over 700 full-time construction jobs and 40 to 50 permanent technical support positions, significantly boosting local economic development.
- Strategic Collaboration: Centrus plans to leverage billions in private capital along with a $900 million HALEU task order to further strengthen U.S. uranium enrichment capabilities, advancing the commercialization of advanced nuclear energy and ensuring reliable future nuclear fuel supply.
- Regional Development Potential: This collaboration not only connects advanced nuclear power generation with customer demand but also lays the foundation for establishing a new nuclear energy hub in southern Ohio, showcasing the region's extensive experience and highly skilled workforce in the nuclear sector.
See More
Investment Outlook Post-SpaceX IPO: Opportunities and Challenges
- Massive Market Potential: SpaceX's IPO prospectus reveals a staggering growth potential of $28.5 trillion, significantly exceeding its initial valuation of $1.77 trillion, highlighting both the company's confidence in future markets and the challenges for investors.
- Rapid Capital Deployment: With $75 billion in fresh capital, SpaceX is expected to quickly invest in expanding its artificial intelligence and data center infrastructure, although its energy generation plans remain less developed, posing potential challenges ahead.
- Nuclear Investment Opportunities: SpaceX may look to acquire small modular reactor companies like NuScale Power to meet its urgent power needs, particularly in data center construction, reflecting its commitment to low-carbon energy solutions.
- Competitive Market Strategies: Companies like Oklo and NuScale Power are pursuing different market strategies in the small modular reactor space, necessitating investor diligence to capitalize on SpaceX's future energy demands and investment opportunities.
See More
SpaceX Set to Launch Major Investment Initiative Post-IPO
- Massive Market Potential: SpaceX's IPO prospectus reveals a staggering growth potential of $28.5 trillion, significantly surpassing its initial valuation of $1.77 trillion, indicating the company's confidence and strategic positioning for future markets.
- Rapid Capital Deployment: With $75 billion in fresh capital, SpaceX plans to quickly invest in expanding its artificial intelligence and data center infrastructure, which is expected to significantly boost its market share in these sectors.
- Urgent Energy Needs: As SpaceX expands its data centers, it faces an urgent need for power generation, with small modular reactors (SMRs) seen as a potential solution to quickly meet its energy demands, showcasing the company's forward-thinking energy strategy.
- Emerging Investment Opportunities: Companies like Oklo and NuScale Power, specializing in small modular reactors, are viewed as potential beneficiaries of SpaceX's future energy needs, prompting investors to closely monitor their market strategies to capitalize on upcoming investment opportunities.
See More
Oklo's Stock Volatility Post-Merger Highlights Growth Potential
- IPO Performance: Oklo went public through a SPAC merger in May 2024, opening at $15.50 per share and soaring to $174.14 on October 14, 2025, indicating initial market enthusiasm for its microreactor technology.
- Market Challenges: Despite its previous highs, Oklo's stock currently trades around $60 due to a lack of meaningful revenue and macroeconomic pressures such as rising interest rates and geopolitical conflicts, reflecting cautious market sentiment regarding its valuation.
- Technological Advantages: The Aurora microreactor's modular design allows for the construction of smaller power plants in remote areas, utilizing metallic uranium fuel pellets that offer higher thermal resistance and lower fabrication costs, with a projected ten-year operational lifespan without refueling.
- Future Outlook: If Oklo passes the U.S. Department of Energy's criticality test by July 4, it will expedite its Reactor Pilot Program, with revenue expected to rise from $4.6 million in 2027 to $51.3 million in 2028, highlighting its significant potential in the microreactor market.
See More
