$1.5 BILLION URANIUM ENRICHMENT FACILITY TO BE BUILT IN PADUCAH, KENTUCKY

The U.S. Department of Energy (DOE) and nuclear startup General Matter announced a project to reuse a 100-acre parcel of federal land at the former Paducah Gaseous Diffusion Plant for a new $1.5 billion private-sector domestic uranium enrichment facility in Paducah, KY, Politico reported this morning (August 5). 

The new plant could be brought online as early as 2030, and would create 140 jobs and bring in over $1 billion in local investment. 

“Leveraging the resources of the former Paducah Gaseous Diffusion Plant, including its skilled nuclear workforce and existing infrastructure, is unlocking private funding and fast-tracking commercial licensing activities,” DOE Office of Environmental Management Principal Deputy Assistant Secretary Roger Jarrell said. “The administration’s commitment to reducing barriers for American energy development is enabling the Office of Environmental Management to transform liabilities into opportunities, unleashing American energy, supporting national security and enabling U.S. innovation and jobs.”

Bruce Wilcox, president and CEO of Greater Paducah Economic Development, said “Our greater vision for the community is to have a whole supply chain, from fuel enrichment to fuel fabrication to power generation, and have the consumer on site there as well or even possibly feed the grid”.

Read the original story from Politico here (subscription required). 

See the story as reported as KVFS here.