Hot U market and simmering interest in HALEU: It boils down to demand

September 22, 2021, 3:00PMNuclear News
(Click photo to enlarge) One of 16 AC100M gas centrifuges built by Centrus Energy for HALEU production in Piketon, Ohio. (Photo: Centrus Energy)

For years, pressure has been building for a commercial path to a stable supply of high-assay low-enriched uranium (HALEU)—deemed essential for the deployment of advanced power reactors—but advanced reactor developers and enrichment companies are still watching and waiting. In contrast, the uranium spot price soared after Sprott Physical Uranium Trust, a Canadian investment fund formed in July, began buying up U3O8 supplies, causing the price to increase over 60 percent, topping $50 per pound for the first time since 2012. Fueled by growing acknowledgment that nuclear power is a necessary part of a clean energy future, uranium is the focus of attention from Wall Street to Capitol Hill.

Centrus approved for HALEU production

June 21, 2021, 7:01AMNuclear News
Centrus’s American Centrifuge Plant, in Piketon, Ohio. Photo: Centrus Energy

Centrus Energy Corporation has announced that the Nuclear Regulatory Commission approved the company’s license amendment request to produce high-assay low-enriched uranium at its Piketon, Ohio, enrichment facility. The Piketon plant is now the only U.S. facility licensed to enrich uranium up to 20 percent uranium-235, and it is expected to begin demonstrating HALEU production early next year, according to Centrus.

TerraPower, Centrus, and Duke Energy talk tech and collaboration

September 23, 2020, 3:01PMNuclear News

Three companies that are part of a larger collaboration to develop and demonstrate Natrium, the fast reactor design recently introduced by TerraPower and GE Hitachi Nuclear Energy (GEH), were invited to participate in a webinar hosted by ClearPath to talk about Natrium’s design, fuel requirements, and load-following potential.

The September 21 webinar, titled “Natrium: Latin for Sodium, Big for Advanced Nuclear,” was moderated by Rich Powell, executive director of ClearPath, and featured TerraPower’s Chris Levesque and Tara Neider, Centrus Energy’s Dan Poneman, and Duke Energy’s Chris Nolan.

NRC accepts Centrus Energy’s application for HALEU license expansion

June 24, 2020, 3:06PMNuclear News

The Nuclear Regulatory Commission has accepted for review Centrus Energy Corporation’s application to produce high-assay low-enriched uranium at its facility in Piketon, Ohio, the company announced on June 23. HALEU-based fuels will be required for most of the advanced reactor designs currently under development and may also be utilized in next-generation fuels for the existing fleet of reactors in the United States and around the world.

ARC signs on as potential Centrus HALEU customer

May 1, 2020, 1:32PMNuclear News

High-assay low-enriched uranium (HALEU) is the fuel of choice for many advanced reactor developers, including Advanced Reactor Concepts, which is designing the ARC-100, a sodium-cooled fast reactor. Developers face a potential supply problem, however: The United States has no clear path to build the commercial HALEU production facilities that would be needed to fuel a fleet of advanced reactors. A letter of intent signed by ARC and Centrus Energy, announced on April 28, calls for cooperation on the deployment of a commercial supply of HALEU and could lead to a HALEU purchase agreement for ARC-100 deployments in the late 2020s.