US Unleashes $2.7 Billion to Break Russia’s Uranium Grip
The US Department of Energy just dropped a massive hammer to secure America’s energy future. With $2.7 billion in total funding now being deployed, the US is officially moving to end its dependence on Russian nuclear fuel and reclaim its spot as a global leader in enrichment.
💰 The Big Winners
The DOE has issued massive task orders—valued at up to $900 million each—to key industry players to scale up domestic production:
Centrus Energy ($LEU): The American frontrunner and the only domestic company currently licensed to produce the high-tech fuel (HALEU) needed for next-gen reactors.
Orano & Urenco: Global giants expanding their footprint on US soil to ensure a diverse supply chain.
General Matter: The "Silicon Valley" entrant bringing fresh tech to the enrichment space.
🚀 Why This is a Game Changer
For decades, the US relied on Russia for roughly 20% of its enriched uranium. That era is over. This funding isn't just about "keeping the lights on"—it’s about:
Fueling the SMR Revolution: You can't run Small Modular Reactors without HALEU, and until now, Russia was the only commercial supplier. This funding fixes that bottleneck.
National Security: Transitioning from "energy dependence" to "energy sovereignty" by building a 100% domestic supply chain.
The AI Power Demand: With Big Tech (Amazon, Google, Microsoft) betting big on nuclear to power their massive AI data centers, this fuel is now one of the most valuable commodities on earth.
📈 The Bottom Line
Nuclear energy is no longer just a "green" alternative; it is a strategic priority. For companies like Centrus ($LEU), this isn't just a contract—it's the green light to build a multi-decade monopoly on American-made advanced nuclear fuel.
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