US to Start $3.4 Billion Buy-Up of Domestic Nuclear Reactor Fuel

The US will ask suppliers next month to bid on contracts for as much as $3.4 billion of domestically produced nuclear reactor fuel, according to a government notice.

Around $2.7 billion of the funding comes from a broader plan to wean the nation off nuclear fuel imported from Russia and forms part of astrategy to help restart domestic nuclear fuel production by making direct purchases of the low-enriched uranium used in reactors. That cash was unlocked after President Joe Biden signed a ban on imports of enriched uranium from Russia, which provides about a quarter of the reactor ...