Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Argentina expands incentives to spur Vaca Muerta shale oil investment – Oil & Gas 360

March 4, 2026

Subsea7 announces CEO transition ahead of planned Saipem merger

March 4, 2026

Iraqi Supply Loss Could Expose the Real Limits of OPEC Spare Capacity

March 4, 2026
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » U.S. Department of Energy Awards $2.7 Billion to Restore American Uranium Enrichment
U.S. Energy Policy

U.S. Department of Energy Awards $2.7 Billion to Restore American Uranium Enrichment

omc_adminBy omc_adminDecember 10, 2025No Comments2 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


Funding Strengthens and Secures Reliable Domestic Fuel Supply for Nation’s Growing Energy Demand

WASHINGTON—The U.S. Department of Energy (DOE) today announced $2.7 billion to strengthen domestic enrichment services over the next ten years. In support of President Trump’s commitment to enhance energy security and reduce reliance on foreign suppliers, the historic investment expands U.S. 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.

“President Trump is catalyzing a resurgence in the nation’s nuclear energy sector to strengthen American security and prosperity,” said Secretary of Energy Chris Wright. “Today’s awards show that this Administration is committed to restoring a secure domestic nuclear fuel supply chain capable of producing the nuclear fuels needed to power the reactors of today and the advanced reactors of tomorrow.”

Enrichment Task Orders

Last year, DOE signed contracts with a total of six companies for LEU and HALEU enrichment that allowed them to bid on future work. Today, the Department announced task order awards with three companies that will transition the United States away from foreign sources of uranium and diversify the nation’s domestic fuel supply.

Developing this new domestic production capacity for LEU and HALEU ensures an adequate fuel supply is available to maintain operations of the nation’s 94 commercial reactors and builds a strong base to supply future deployments of advanced nuclear reactors. To ensure accountability, these awards will be distributed to the companies under a strict milestone approach.

The following companies were awarded task orders totaling $2.7 billion to provide enrichment services for LEU and HALEU:    
•    American Centrifuge Operating ($900 million) to create domestic HALEU enrichment capacity 
•    General Matter ($900 million) to create domestic HALEU enrichment capacity 
•    Orano Federal Services ($900 million) to expand U.S. domestic LEU enrichment capacity

Innovative Technology Funding Opportunities

DOE also awarded an additional $28 million today to Global Laser Enrichment to continue advancing next generation uranium enrichment technology for the nuclear fuel cycle.
The award is the result of a competitive solicitation issued last December.
More information on DOE’s efforts to develop nuclear fuel supply chains for existing and future reactors can be found at: LEU Enrichment, HALEU Enrichment, HALEU Technologies 

###

 



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

AI Boom Minting Startup Multimillionaires at Unprecedented Speed

March 3, 2026

Amazon’s Cloud Reboot Shows the Future of Consulting in the AI Era

March 3, 2026

Meta Advances AI Goals With New Applied Engineering Team

March 3, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Federal Reserve cuts key rate for first time this year

September 17, 202513 Views

Inflation or jobs: Federal Reserve officials are divided over competing concerns

August 14, 20259 Views

Oil tanker rates to stay strong into 2026 as sanctions remove ships for hire – Oil & Gas 360

December 16, 20258 Views
Don't Miss

Subsea7 announces CEO transition ahead of planned Saipem merger

By omc_adminMarch 4, 2026

(WO) – Subsea7 announced that Chief Executive Officer John Evans will retire on June 30,…

Extended Hormuz closure could push oil toward $110, analyst warns

March 3, 2026

Argentina expands incentives to spur Vaca Muerta shale oil investment

March 3, 2026

Iran conflict raises risk of oil and LNG supply shock, Enverus says

March 3, 2026
Top Trending

XeleratedFifty Acquires Carbon Management Platform Terrascope

By omc_adminMarch 3, 2026

Global economy must stop pandering to ‘frivolous desires of ultra-rich’, says UN expert | Environment

By omc_adminMarch 3, 2026

KPMG Appoints Gauthier Acket as Head of Global ESG

By omc_adminMarch 3, 2026
Most Popular

The 5 Best 65-Inch TVs of 2025

July 3, 202515 Views

AI’s Next Bottleneck Isn’t Just Chips — It’s the Power Grid: Goldman

November 14, 202514 Views

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 202510 Views
Our Picks

Oil Rally Pauses After Trump Pledge

March 3, 2026

UAE Reports Major Fire at Fujairah Oil Hub

March 3, 2026

Argentina expands incentives to spur Vaca Muerta shale oil investment

March 3, 2026

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.