Overview
- newcleo plans to invest up to $2 billion through an affiliated vehicle, contingent on customary approvals.
- The collaboration targets co-located fuel fabrication sites and contemplates repurposing surplus plutonium in line with U.S. safety and security requirements.
- Sweden’s Blykalla is evaluating co-investment and may procure fuel-related services from the planned U.S. projects.
- Oklo frames the agreement as supporting a near-term bridge fuel strategy while enrichment and recycling scale, complementing its DOE pilot selections.
- Administration official Doug Burgum praised the tie-up as advancing U.S. energy security under current federal priorities.