Biden Budget Seeks $150 Million for Highly-Enriched Reactor Fuel

President Joe Biden’s fiscal year 2025 budget request seeks $150 million for the development of highly-enriched uranium used as fuel in a new breed of nuclear reactors known as high-assay, low-enriched uranium.

• Biden budget “also assumes enactment of the Administration’s request for $2.2 billion in 2024 supplemental funding to procure low-enriched uranium (LEU) and HALEU, which — coupled with a long-term ban on imports of LEU and HALEU from Russia — would prompt sufficient private sector investment to reinvigorate US uranium enrichment”
• US relies on Russia for roughly 20% of LEU used in civilian nuclear power reactors
• NOTE: US ...