Oklo Selected by U.S. DOE for Plutonium Utilization Program Negotiations
Oklo announced that Oklo has been selected by the U.S. Department of Energy for advanced negotiations under the Surplus Plutonium Utilization Program. The program aims to make designated surplus plutonium material available to industry participants and enable the conversion of those materials into fuel for advanced nuclear reactors subject to U.S. security, safeguards and material accountability requirements. The selection, alongside four other advanced nuclear companies, supports Oklo's broader fuel strategy, which includes multiple pathways to source fuel to support advanced reactor deployment while domestic enrichment and fuel infrastructure continue to scale. In partnership with newcleo, a European developer of advanced nuclear reactors, Oklo would lead the utilization of surplus plutonium, while newcleo would bring relevant fuel experience and potential project capital, subject to definitive agreements, customary approvals, and applicable U.S. security and safeguards requirements.
