On January 16, Tenn. Gov. Bill Lee, Deputy Gov. Stuart McWhorter, and officials from Laser Isotope Separation Technologies announced the company’s plans to expand in Oak Ridge, Tenn. That expansion will come with a $1.38 billion investment from LIS Technologies for what the company says will be the first commercial laser uranium enrichment plant in the United States.

TerraPower announced today that it has signed a term sheet with ASP Isotopes Inc. as the first step of a planned investment in the construction of a high-assay low-enriched uranium (HALEU) enrichment facility and the eventual purchase of HALEU produced at the facility to fuel its Natrium fast reactors.

Global Laser Enrichment (GLE) signed separate, nonbinding letters of intent in June with the two largest nuclear power operators in the United States—Constellation and Duke Energy—to assess potential nuclear fuel supply chain cooperation, including support for GLE’s deployment of laser enrichment technology in the United States. According to GLE president and chief commercial officer James Dobchuk, who delivered a presentation on June 7 at the World Nuclear Fuel Market Annual Meeting, the company’s baseline deployment schedule could be accelerated by about three years (under favorable market conditions) to supply the nuclear fuel market with uranium in a range of enrichment levels in 2027.