The US is awarding $2.7bn (€2.3bn) to three nuclear fuel makers as part of an effort to restart domestic production and wean the US off of enriched Russian uranium.
The US Department of Energy (DOE) said the backing would strengthen domestic enrichment services over the next 10 years as part of president Donald Trump’s commitment to enhance energy security and reduce reliance on foreign suppliers.
It said the “historic” investment expands US capacity for low-enriched uranium (LEU) and jumpstarts new supply chains and innovations for high-assay low-enriched uranium (Haleu) “to create American jobs and usher in the nation’s nuclear renaissance”.
The funding will go to American Centrifuge Operating, General Matter and Orano Federal Services. Each company will get $900m.
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