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DOE plans offtake contracts to stock a HALEU bank “as soon as possible”

October 21, 2022, 9:13AMNuclear News
An image from the video “What is High-Assay Low-Enriched Uranium (HALEU)?” released by the DOE in April 2020. (Source: DOE)

Another piece of the plan for meeting the urgent need for high-assay low-enriched uranium (HALEU) to fuel advanced reactor deployments fell into place when the Department of Energy held an Industry Day on October 14. Attendees were asked how soon they could deliver 25 metric tons per year of HALEU enriched in the United States from newly mined uranium. Offtake contracts for six or more years of HALEU production at that rate could be used to stock a DOE-owned HALEU bank to “support [HALEU] availability for civilian domestic research, development, demonstration, and commercial use.”

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