US supports domestic LEU supply as part of $2.7bn nuclear spend

The Biden Administration has banned Russian imports of low-enriched uranium (LEU) and is now pushing forward a large sum of money looking for proposals to acquire LEU in an attempt to set up a domestic supply chain and achieve energy independence within the nuclear sector.  This initiative is part of President Joe Biden’s Investing in America agenda, which has allocated $2.7 billion to strengthen the domestic nuclear fuel supply chain. The DOE aims to boost domestic uranium enrichment capacity by supporting new facilities or expanding existing ones. The procured LEU will be sold to the US nuclear power fleet, the world’s biggest, in order to reduce dependence on Russian imports.  As of 2024, the United States’ uranium enrichment capacity is…