Uranium & Fuel

Nuclear Fuel / US Uranium Industry Seeks More Funding Amidst Global Pledge Of $4.2Bn To Wean Off Russia

By Kamen Kraev
1 February 2024

Centrus Energy working with DOE to ‘jumpstart’ domestic enrichment

US Uranium Industry Seeks More Funding Amidst Global Pledge Of $4.2Bn To Wean Off Russia
Centrifuge machines being installed at Centrus Energy's Piketon enrichment plant in Ohio. Image courtesy Centrus.
Investment of $4.2bn (€3.8bn) in the global nuclear energy supply chain will need to be supplemented by private capital, but is a meaningful and constructive step towards reestablishing energy security that was jeopardised by Russia’s invasion of Ukraine, Daniel Poneman, the former chief executive of Centrus Energy Corp, a US nuclear fuel enrichment company, told NucNet.

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