Why Centrus Energy Group Stock Surged 12% Higher Today

Centrus Energy Group (CNTX) jumped 12% following a letter of intent with Oklo to supply high-assay low-enriched uranium (HALEU) for up to five of Oklo's Aurora small modular reactors in Ohio. Deliveries are slated to begin in 2029.

The Aurora facilities will power Meta Platforms' AI data centers, underscoring the intersection of nuclear energy expansion and hyperscale computing demand. HALEU is a specialized fuel critical to next-generation reactor designs, and Centrus operates the only domestic production capability currently licensed in the U.S.

The arrangement positions Centrus as a strategic supplier in a market where domestic nuclear fuel sourcing has become a national priority. Oklo's small modular reactor technology targets customers requiring dedicated, on-site power—a segment seeing accelerated interest from AI and cloud infrastructure operators facing grid constraints.

Meta's involvement signals that major tech firms are moving beyond traditional grid purchases to secure long-term, carbon-free baseload power through direct nuclear arrangements.