DOE picks Oklo for advanced negotiations on surplus plutonium fuel

The Department of Energy selected Oklo, with four other companies, for advanced negotiations under its Surplus Plutonium Utilization Program. Oklo would lead the work with newcleo, which would contribute fuel experience and possible project capital. The selection is subject to definitive agreements and security and safeguards requirements, so no supply contract exists yet.

• One of five companies selected for advanced negotiations by DOE
• Oklo would lead, with newcleo contributing fuel experience and possible capital
• Subject to definitive agreements and customary approvals; no plutonium quantity disclosed in the release