US Dept of Energy Looks to Produce More Uranium for Cutting-Edge Nuclear Reactors
The US government is looking to advance the country’s nuclear power capabilities, and with that produce more more high-assay low-enriched uranium fuel in an effort to align with a less carbon-intensive future.
As reported by CNBC, the Department of Energy on Tuesday formally requested additional information regarding intentions to produce large quantities of high-assay low-enriched uranium fuel (HALEU) in order to power a new generation of nuclear reactors. As of current, the National Nuclear Security Administration of the DOE develops just enough uranium to meet the demand of its nonproliferation and defense missions.
However, the latest information-gathering step is necessary for the country’s plans to eventually create cheaper, smaller and more safe nuclear reactors that would be able to meet growing energy demand. “I have long supported the commercialization of advanced nuclear technologies as a zero-emission source of baseload energy,” said Senator Joe Manchin, who, despite being the main Democrat opposing President Joe Biden’s $1.75 trillion spending bill, appears to convey support for the DOE’s latest plans.
“I am pleased that the Department of Energy is moving ahead with this announcement that will lead to a domestic supply of high-assay low enriched uranium in the United States.” added Manchin. Unlike traditional uranium processing, which creates about 5% uranium-135— the particular isotope needed for nuclear fission reactions, HALEU is enriched with about 20% U-235, making it a substantially more efficient fuel.
Information for this briefing was found via CNBC. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.