On October 8, 2024, the U.S. Department of Energy (DOE) announced the selection of six companies to provide deconversion services for high-assay low-enriched uranium (HALEU) fuel, which is essential for advanced nuclear reactors. The selected companies include Nuclear Fuel Services (BWX Technologies), American Centrifuge Operating (Centrus Energy), Framatome, GE Vernova, Orano, and Westinghouse. Each contract will last up to 10 years, starting with a minimum of $2 million each, potentially totaling up to $800 million depending on appropriations. U.S. Deputy Secretary of Energy David M. Turk emphasized the critical role of a domestic nuclear fuel supply chain in achieving climate goals and enhancing energy security. HALEU, which is enriched between 5% and 20%, significantly improves fuel efficiency for advanced reactors, making it a key component in the future of nuclear energy.
In conjunction with this announcement, Rolls-Royce has also been awarded a $1 million contract by NASA's Glenn Research Center to develop an Advanced Closed Brayton Cycle converter for next-generation space-based nuclear microreactors. This contract, part of NASA's initiative to explore nuclear power for space exploration, aims to create a power conversion system that can efficiently convert heat from nuclear microreactors into electricity. Rolls-Royce's involvement in both terrestrial and space nuclear projects highlights the company's commitment to advancing nuclear technology.
Framatome's CEO Tony Robinson noted the unprecedented support for the nuclear industry, which is reflected in these recent contracts. Similarly, Centrus's CEO Amir Vexler remarked on the significance of this award for expanding the capabilities of their Ohio facility, further underscoring the growing momentum behind nuclear energy initiatives in the U.S. The collaboration between these companies and government agencies is pivotal in developing a robust nuclear fuel supply chain that aligns with the nation's energy security and climate objectives.
As the U.S. continues to invest in advanced nuclear technologies, the integration of HALEU fuel services and the development of nuclear microreactors represent significant steps toward a sustainable energy future. These initiatives not only aim to enhance the efficiency and reliability of nuclear power but also position the U.S. as a leader in the global nuclear energy landscape.
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