In a request for proposals issued on June 27, the DOE said it is looking to buy low-enriched uranium (LEU) from domestic sources in order to enhance national energy security and create new jobs in the nuclear industry.
The DOE also wants to stimulate the development of uranium enrichment capacity in the US, and believes that this initiative will promote the safe and responsible buildout of facilities designed for this purpose.
“DOE is helping jumpstart uranium enrichment capacity here in the United States, which is critical to strengthening our national security and growing our domestic nuclear industry,” Secretary of Energy Jennifer M. Granholm said. She added that the news highlights the US’ commitment to remaining a global leader in nuclear energy in the years to come.
Ali Zaidi, assistant to the president and national climate advisor, emphasized the importance of transitioning away from fossil fuels, saying, “Under President Biden’s leadership, we have spurred an unprecedented expansion in clean energy production, which is creating good-paying union jobs and putting us on a path to greater energy security.”
The DOE plans to acquire LEU generated by new or expanded domestic enrichment facilities. The intention is to sell this LEU to utilities operating US reactors, supporting clean energy generation and cutting reliance on Russian imports.
Contracts awarded through this initiative will last up to 10 years, with proposals due by August 26, 2024.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Leave a Reply