Oklo Inc. and Centrus Energy Corp. announced a new memorandum of understanding between the two companies to support the deployment of Oklo's advanced fission powerhouses and advanced nuclear fuel production in Southern Ohio, making the region a critical hub for the future of the U.S. nuclear industry. Oklo and Centrus have been partners since 2021 when the companies signed a Letter of Intent to cooperate in the development of a High-Assay, Low-Enriched Uranium fuel facility.

The parties intend to enter into one or more definitive agreements relating to the following collaborative activities addressed in the MOU: Oklo will purchase HALEU from the production facility Centrus is planning to build in Piketon, Ohioio, the only such facility licensed by the U.S. Nuclear Regulatory Commission to produce HALEU. Centrus would purchase electricity from the Aurora powerhouses that Oklo is planning to build in Pik Princeton. On July 11, 2023, Oklo and AltC Acquisition Corp.

announced that they have entered into a definitive business combination agreement that upon closing would result in the combined company to be listed on the New York Stock Exchange under the ticker symbol "OKLO." Centrus provides value to its utility customers through the reliability and diversity of its supply sources -- helping them meet the growing need for clean, affordable, carbon-free electricity.