WASHINGTON — In a decisive move to bolster national energy independence, the U.S. Department of Energy announced on Monday a $2.7 billion investment over the next ten years aimed at revitalizing the domestic uranium enrichment sector. This effort is geared towards diminishing reliance on international nuclear fuel resources, spurring job creation, and underpinning both current and next-generation nuclear power infrastructure within the country.

This funding prioritizes the enhancement of the U.S. supply of low-enriched uranium, a cornerstone fuel for the majority of American nuclear reactors. Additionally, it seeks to initiate domestic production of high-assay low-enriched uranium (HALEU), a cutting-edge fuel crucial for advanced nuclear reactors still in the developmental stages.

Energy Secretary Chris Wright emphasized that this investment is aligned with President Donald Trump’s agenda to bolster energy security and decrease reliance on overseas suppliers. Currently, Russia holds a dominant position in the global market for HALEU, according to Reuters.

“Today’s funding announcements highlight our Administration’s dedication to reestablishing a robust domestic nuclear fuel supply chain, essential for powering both today’s reactors and tomorrow’s advanced technologies,” Wright stated.

The Department of Energy asserts that this initiative will secure a reliable fuel supply for the nation’s 94 commercial nuclear reactors while laying the groundwork for future reactors anticipated to be integral to upcoming energy solutions.

As part of the announcement, the Energy Department awarded three task orders worth $900 million each to companies selected to provide uranium enrichment services:

• American Centrifuge Operating, to create domestic HALEU enrichment capacity

• General Matter, to create domestic HALEU enrichment capacity

• Orano Federal Services, to expand U.S. production of low-enriched uranium

The funding will be distributed in phases, with companies required to meet specific milestones before receiving additional money.

The department also awarded $28 million to Global Laser Enrichment to continue developing next-generation uranium enrichment technology, part of a separate competitive program launched last December.

U.S. officials have increasingly focused on rebuilding the nuclear fuel supply chain as interest in nuclear energy grows and concerns exist about relying on overseas sources.