Nuclear newcomer Oklo (OKLO.US) reaches agreement with Newcleo to receive a $2 billion investment to build a nuclear fuel infrastructure in the United States.

Before the market opened on Friday, nuclear startup company Oklo (OKLO.US) announced a joint agreement with European advanced nuclear reactor developer Newcleo to invest up to $2 billion in developing advanced fuel manufacturing and production infrastructure in the United States. Oklo stated that Swedish advanced nuclear technology developer Blykalla is also considering co-investing in these projects and procuring fuel-related services from them. Oklo said, "These investments will cover multiple projects under U.S. regulation, promoting strengthened energy security through trans-Atlantic China Welding Consumables, Inc. collaboration, and focusing on building a strong and resilient fuel ecosystem." U.S. Secretary of the Interior Bergum stated, "This agreement will integrate Newcleo's advanced fuel expertise into Oklo's power plants and invest $2 billion in U.S. infrastructure and advanced fuel solutions, another victory for President Trump's 'U.S. Energy Corp. led agenda'."