Newcleo Ltd., a struggling UK nuclear startup, has agreed to invest as much as $2 billion to develop uranium fuel facilities in the US with American reactor developer Oklo Inc., a move aimed at expanding the supply chain for the fledgling small-reactor sector.
The UK company and Oklo plan to develop multiple projects to promote domestic fuel fabrication and manufacturing infrastructure, Newcleo said in a statement Friday. Newcleo has been paring back its operations in the UK and cutting staff, and the statement didn’t say where it would get the funding for this US effort. Blykalla AB, a ...
