Centrus Urges Congress to Focus $3.4 Billion on American Uranium Enrichment Technology
Slice of Energy Team
Oct 01, 2024
Key Highlights:
- Centrus calls for U.S. focus on domestic uranium enrichment technology.
- Congress has allocated $3.4 billion for nuclear fuel production.
- Centrus emphasizes American-made technology over foreign centrifuge technologies.
- Centrus operates centrifuge plants in Tennessee and Ohio and leads HALEU fuel production.
Source: PR Newswire
Quotes
“ "The need to transition away from Russian nuclear fuel, coupled with a historic investment in U.S. nuclear fuel production approved by Congress, has created a once-in-a-generation opportunity to restore America's domestic supply chain for enriched uranium." ”
Amir Vexler, President and CEO at Centrus Energy
Our Take:
The push from Centrus to direct Congress’s $3.4 billion investment towards U.S. uranium enrichment technology aligns with America’s broader goal of energy independence and security. With geopolitical tensions impacting global fuel supply chains, prioritizing domestic technology development is both a strategic and economic imperative. Centrus' leadership in producing advanced reactor fuels like HALEU, coupled with its partnerships with American-owned companies, positions it well to capitalize on this federal support. The emphasis on public-private partnerships will be crucial to ensure sustained investment in critical infrastructure for both current and next-generation nuclear reactors.
