The US must act fast and invest heavily in the entire nuclear fuel supply chain in order to secure full domestic supply and support a target of adding 300GW of reactor capacity by 2050, according to a report by business consultancy McKinsey.
Chicago, US-based McKinsey said that an investment of between $105bn (€89.4bn) and $170bn (€144.7bn) would be needed in the US for it to achieve that target and meet an objective of increasing reactor capacity by 300 GW by 2050 under a US executive order of 2025.
Breaking the investment down, McKinsey said that investments of $15bn-$20bn would be needed in mining and milling of nuclear fuel, $30bn-$45bn for conversion, $30bn-$40bn for enrichment, $10bn-$20bn for fabrication and $20bn-$45bn for reprocessing.
Want to keep reading?
Register free and get full access to NucNet for 14 days. No card required.
- Daily news briefing on the global nuclear industry
- Weekly, monthly and topical newsletters
- 24/7 coverage during nuclear incidents and safety events
- Full searchable archive, 30,000+ articles since 1991
- SMR and AMR project database
- Analysis, Focus pieces and infographics
- NucNet Style Guide for nuclear reporters and communicators
After the trial, keep a free account for a newsletter and a complimentary Plus article every two weeks. Or see our subscription plans for individuals and organisations.
See subscription options
