Oklo Stock In Spotlight After Announcing $2B Pact For Advancing US Nuclear Fuel Ecosystem

Oklo (OKLO) shares rose over 1% before the bell on Friday after the company and European advanced nuclear reactors developer newcleo announced a joint agreement to develop advanced nuclear fuel fabrication and manufacturing infrastructure in the United States.

The company said that newcleo plans to invest up to $2 billion via an affiliated investment vehicle. Oklo added that Blykalla, Sweden's advanced nuclear technology developer, is also considering co-investing in the same projects and procuring fuel-related services from the projects.

Oklo noted that the investments aim to span multiple projects under U.S. oversight, foster transatlantic cooperation that enhances energy security, and focus on creating a robust and resilient fuel ecosystem. The company added that specific projects and investment amounts will be detailed in forthcoming definitive agreements.

Under the One Big Beautiful Bill (BBB) introduced by U.S. President Donald, tax credits retained in the bill reduce investment risks for advanced nuclear reactors.

“This agreement to implement newcleo's advanced fuel expertise into Oklo's powerhouses and invest $2 billion into American infrastructure and advanced fuel solutions is yet another win for President Donald J. Trump's American Energy Dominance Agenda,” said Secretary of the Interior and Chairman of the National Energy Dominance Council Doug Burgum. 

Retail sentiment on Oklo dipped to ‘extremely bearish’ from ‘bearish’ territory a day ago, with message volumes at ‘high’ levels, according to data from Stocktwits. 

The company stated that the partnership enhances all parties' capacity to meet the increasing global demand for energy. This also includes co-investment into, and co-location of, fuel fabrication facilities and could include repurposing surplus plutonium in a manner consistent with established U.S. safety and security requirements.

“Fissioning surplus plutonium is the best way to eliminate a legacy liability while creating an abundant near-term fuel source. It can accelerate the deployment of multiple gigawatts of advanced reactors and serve as a bridge fuel until uranium enrichment and recycling scale up,” said Jacob DeWitte, co-founder and CEO of Oklo.

Shares of Oklo have gained 779% in the last 12 months.

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