Oklo, newcleo, and Blykalla Announce Strategic Partnership to Advance U.S. Nuclear Fuel Infrastructure with $2 Billion Investment

Reuters
Oct 17
Oklo, newcleo, and Blykalla Announce Strategic Partnership to Advance U.S. Nuclear Fuel Infrastructure with $2 Billion Investment

Oklo Inc., an advanced nuclear technology company, has announced a strategic partnership with newcleo, a European developer of advanced nuclear reactors, to develop advanced fuel fabrication and manufacturing infrastructure in the United States. As part of the agreement, newcleo plans to invest up to $2 billion through an affiliated investment vehicle, with Sweden's Blykalla also considering co-investment and procurement of fuel-related services. The collaboration aims to strengthen the U.S. nuclear fuel ecosystem, enhance energy security, and support the expansion of Oklo's fuel and fast-reactor technologies, with further project details to be provided in upcoming definitive agreements.

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