Oklo Inc. and Centrus Energy Corp. have announced plans to form a strategic joint venture focused on deconversion services for High-Assay Low-Enriched Uranium (HALEU) and related fuel-cycle technologies. This collaboration represents a major step forward in restoring and expanding America's domestic uranium enrichment capabilities at scale, ensuring a robust fuel supply for future reactors.
Strategic Co-location at the Piketon Site
The proposed joint venture activities will take place at Centrus Energy's Piketon site in Ohio. This location is highly strategic, as it is co-located with Centrus' existing enrichment operations and adjacent to Oklo's planned 1.2 GW power campus. By integrating uranium enrichment and deconversion services at a single facility, the partnership aims to significantly improve operational efficiency, reduce overall costs, and expand the domestic advanced nuclear fuel supply chain.
Restoring U.S. Enrichment Capabilities
Securing the Fuel Cycle for Fast Reactors
Centrus Energy is currently pioneering the production of HALEU and leading critical efforts to revive the U.S. uranium enrichment industry. The Piketon site serves as the focal point for these ambitions. Oklo, which is developing fast fission power plants, requires a reliable domestic fuel-cycle capability to support its reactor deployment and broader U.S. nuclear expansion. The joint venture will directly address this need by securing a localized, efficient supply of processed nuclear materials.
The collaboration will also explore coordination of regulatory and R&D activities, including joint engagement with federal, state, and local agencies to support the Southern Ohio Diversification Initiative.
This initiative aims to transform the former Portsmouth Gaseous Diffusion Plant in Pike County into a premier advanced manufacturing and clean energy hub. By aligning their technological and regulatory strategies, Oklo and Centrus are positioning themselves at the forefront of the U.S. HALEU enrichment supply chain, ensuring that the next generation of advanced reactors has the fuel they need to succeed.
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