Advanced reactor company X-energy has been awarded $148.5 million in tax credits under the Inflation Reduction Act for construction of its TRISO-X fuel fabrication facility in Oak Ridge, Tenn.
Bulgarian officials have approved the transition to Westinghouse fuel at the nation's Kozloduy nuclear power plant, as Bulgaria moves away from its reliance on Russian supplies. The fuel was recently delivered for use in Unit 5.
Clean Core Thorium Energy (Clean Core) has announced that its ANEEL fuel is ready to begin irradiation testing and qualification at Idaho National Laboratory. The fuel, made of thorium and HALEU, was developed by Clean Core for use in pressurized heavy water reactors, including CANDU (Canadian deuterium-uranium) reactors. Irradiation of the fuel samples in INL’s Advanced Test Reactor (ATR) is set to begin this month.
Let’s face it: The global economy should be powered primarily by nuclear power. And it probably will by the end of this century, with a still-significant assist from renewables and hydro. Once nuclear systems are dominant, the costs come down to where gas is now; and when carbon emissions are reduced to a small portion of their present state, it will become obvious that most other sources are only good in niche settings. I mean, why use small modular reactors to load-follow when they can just produce that power instead of buffering it?
On March 26, Silex Systems Ltd. announced that Global Laser Enrichment’s test loop pilot demonstration facility and operational safety programs have been reviewed by the Nuclear Regulatory Commission and approved for loading uranium hexafluoride feed material in preparation for the next phase of GLE’s enrichment technology demonstration in the second quarter of 2024.
Lightbridge Corporation announced today that it has reached “a critical milestone” in the development of its extruded solid fuel technology. Coupon samples using an alloy of zirconium and depleted uranium—not the high-assay low-enriched uranium (HALEU) that Lightbridge plans to use to manufacture its fuel for the commercial market—were extruded at Idaho National Laboratory’s Materials and Fuels Complex.
The Department of Energy yesterday announced a draft environmental impact statement (EIS) on HALEU Availability Program plans to purchase high-assay low-enriched uranium under 10-year contracts to seed the development of a sustainable commercial HALEU supply chain.
GE Vernova, which leads Global Nuclear Fuel (GNF) with partner Hitachi, announced February 14 that GNF has received approval from the Nuclear Regulatory Commission to manufacture, ship, and analyze the performance of nuclear fuel enriched with up to 8 percent uranium-235.
The United Kingdom’s Department for Energy Security and Net Zero announced plans on January 7 to invest £300 million (about $383 million) to build a high-assay low-enriched uranium (HALEU) enrichment facility in northwest England. The goal? To “end Russia’s reign as the only commercial producer of HALEU.” Britain is now the first European country to declare that it will begin HALEU enrichment in a bid for supply chain security.
The Department of Energy issued a final request for proposals (RFP) on January 9 for uranium enrichment services to help establish a commercial domestic supply of high-assay low-enriched uranium (HALEU) to fuel a potential fleet of advanced reactors. Without HALEU, advanced reactors will not be able to proceed past the demonstration stage. And given the investments of capital and time required to license and build a nuclear power plant—even a smaller, more efficient advanced reactor—eliminating fuel uncertainty could be what a utility needs to invest in new construction.
Investors continue to be bullish on uranium, according to a number of recent news reports. Stockhead recently trumpeted, “Uranium has started 2024 the same way it ended 2023—like a bull in a china shop. Spot prices are now agonizingly close to US$100/lb for the first time since 2008, with term pricing not far behind.” Similarly, Mining.com noted, “The spot price of uranium continues to rise, boosted by pledges to triple nuclear power by mid-century, supply hiccups from producers such as Cameco . . . , and the looming threat of a ban on Russian exports to the West.”
Leaders of five nations that collectively represent 50 percent of the world’s uranium conversion and enrichment capacity—the United States, Canada, Japan, France, and the United Kingdom—are making a habit of meeting on the sidelines of global climate talks to pledge their commitment to securing the nuclear fuel supply chain. On December 7 at the Net Zero Nuclear Summit—an event held in Dubai, United Arab Emirates, during the UN Climate Change Conference, or COP28—representatives of those nations announced plans to “mobilize at least $4.2 billion” in government and private investment in enrichment and conversion capacity. The commitment expands on an initial civil nuclear fuel security agreement that the so-called Sapporo 5 reached in April 2023, when they met (as now, on the sidelines) during a G7 Ministers’ Meeting on Climate, Energy, and Environment in Sapporo, Japan.
Signing CEOs: Centrus’s Daniel Poneman, left, and Lightbridge’s Seth Grae. (Photo: Lightbridge/X)
Nuclear fuel companies Lightbridge Corporation and Centrus Energy have announced a contract to conduct a front-end engineering and design (FEED) study to add a dedicated Lightbridge Pilot Fuel Fabrication Facility (LPFFF) at Centrus’s American Centrifuge Plant in Piketon, Ohio.
Lightbridge chief executive officer Seth Grae and Centrus CEO Daniel Poneman inked the agreement yesterday at the COP28 conference, currently underway in the United Arab Emirates.
The FEED study, according to the joint announcement, will identify infrastructure and licensing requirements as well as the estimated cost and construction schedule for the LPFFF. Centrus’s wholly owned subsidiary, American Centrifuge Operating, will lead the study, which is expected to be completed sometime next year.
At the World Nuclear Exhibition in Paris this week, Ontario Power Generation announced contracts with Canadian, French, and U.S. companies to ensure a fuel supply for the first of four GE Hitachi Nuclear Energy BWRX-300 small modular reactors planned for deployment at OPG’s Darlington nuclear power plant.
TerraPower and Uranium Energy announced today that they have signed a memorandum of understanding to “explore the potential supply of uranium” for TerraPower’s demonstration reactor in Kemmerer, Wyo.
Framatome Inc. and Ultra Safe Nuclear Corp. (USNC) signed an agreement on November 28 at the World Nuclear Exhibition in Paris, France, establishing a joint venture to manufacture nuclear fuel for USNC’s gas-cooled microreactor and other advanced reactor designs. Working together, the companies plan to produce commercial quantities of TRISO fuel particles and USNC’s proprietary Fully Ceramic Microencapsulated (FCM) fuel, which contains TRISO fuel particles within a ceramic fuel pellet.
The Department of Energy plans to award one or more contracts to deconvert high-assay low-enriched uranium (HALEU) from its post-enrichment gaseous uranium hexafluoride (UF6) state to other chemical forms, such as metal or oxide. The DOE’s final request for proposals (RFP) for deconversion services was issued November 28 as one part of the agency’s effort—under the HALEU Availability Program—to establish a reliable domestic supply of advanced reactor fuel. The DOE will store the deconverted material until it is required by a fuel fabricator or other end user.
Researchers at Idaho National Laboratory in early 2023 manufactured commercial-grade high-assay low-enriched uranium (HALEU) fuel pellets to the specifications of a General Electric accident tolerant fuel design, INL announced November 21. A team working at INL’s Experimental Fuels Facility at the Material and Fuels Complex fabricated about two dozen uranium dioxide pellets using HALEU enriched up to 15 percent U-235.
Centrus Energy and the Department of Energy announced November 7 that Centrus has produced 20 kilograms of HALEU at the DOE-owned American Centrifuge Plant in Piketon, Ohio, satisfying Phase One of a DOE contract to stand up and operate 16 advanced centrifuges. Centrus will now move on to Phase Two of the contract, which requires a full year of HALEU production at a rate of 900 kilograms per year.
Just a few hours after a new Speaker of the House of Representatives was elected on October 25, the White House sent a list of funding priorities for “critical domestic needs” to Congress for consideration as legislators restart the stalled annual appropriations process. Those priorities include $2.2 billion for low-enriched uranium (LEU) and high-assay low-enriched uranium (HALEU) enrichment capabilities. And to ensure that investment in domestic HALEU enrichment pays off, the White House is also calling for a long-term ban on enriched uranium from Russia.