US EditionTrump administration announces $2.7B to bolster nuclear energy
The DOE's $2.7 billion investment supports three companies to expand uranium enrichment capacity, aiming to reduce reliance on Russian imports that supply 35% of U.S. nuclear fuel.
- The U.S. Department of Energy will spend $2.7 billion over the next decade to strengthen the country's uranium enrichment industry.
- The funding aims to reduce reliance on foreign nuclear fuel, support domestic nuclear power plants, and ensure a stable fuel supply.
- Three companies were awarded $900 million each to provide uranium enrichment services and expand U.S. production of low-enriched uranium.
44 Articles
44 Articles
The Center Square
Energy Department awards $2.7B to boost nuclear fuels supply chain
(The Center Square) - The U.S. Department of Energy announced it has awarded $2.7 billion in orders to three companies as part of a program aimed at boosting the development
Energy Department makes $2.7 billion bet on nuclear reactor fuel supply chain
The U.S. Department of Energy has allocated $2.7 billion to developing a supply chain for nuclear reactor fuel. The department announced contracts for three reactor fuel companies on Monday in an effort to undercut Russia’s dominance in the market for advanced reactor fuel. The funding comes as electricity demand increases and federal policy shifts away from renewable energy development. The Trump administration is betting on a larger role for …
Energy Department Awards $2.7 Billion to Strengthen American Uranium Enrichment
The Department of Energy (DOE) said in a Jan. 5 statement that it has issued $2.7 billion worth of task orders to boost America’s domestic uranium enrichment services over a period of 10 years. “In support of President Trump’s commitment to enhance energy security and reduce reliance on foreign suppliers, the historic investment expands U.S. capacity for low-enriched uranium (LEU) and jumpstarts new supply chains and innovations for high-assay l…
US President Donald Trump's administration will allocate a total of $2.7 billion to three companies over ten years to support uranium enrichment, which is needed to produce nuclear energy.
DOE Awards Billions to Bolster U.S. Uranium Enrichment Supply Chain
The Department of Energy (DOE) has finally awarded the billions of dollars for uranium enrichment announced back in 2024. The contracts span the full range of uranium enrichment from low-enriched uranium (LEU) used by the current global reactor fleet, through high-assay LEU (HALEU) which is planned to be used by multiple advanced reactor designs. Yet while three companies were chosen for huge awards, peaking at almost 900 million each, a few wer…
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