POWER Magazine•about 2 months ago
DOE Issues $2.7B Orders to Scale Domestic Nuclear LEU and HALEU Enrichment
- •The U.S. Department of Energy (DOE) has issued $2.7 billion in task orders ($900M each to Centrus Energy Corp., General Matter, and Orano Federal Services) to expand domestic capacity for conventional Low-Enriched Uranium (LEU) and High-Assay Low-Enriched Uranium (HALEU) enrichment.
- •This program, launched in 2024, aims to significantly increase U.S. nuclear fuel production over the next decade, bolstering energy security and reducing reliance on foreign supply for nuclear power plants.
- •For developers and large power consumers, this initiative signals a strong governmental commitment to the nuclear sector, potentially stabilizing long-term fuel costs and ensuring a secure supply chain for baseload, carbon-free generation.
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