Fuel

President Trump is in Japan today, with a visit with new Prime Minister Sanae Takaichi on the agenda. Takaichi, who took office just last week as Japan’s first female prime minister, has already spoken in favor of nuclear energy and of accelerating the restart of Japan’s long-shuttered power reactors, as Reuters and others have reported. Much of the uranium to power those reactors will be enriched at Japan’s lone enrichment facility—part of Japan Nuclear Fuel Ltd.’s Rokkasho fuel complex—which accepted its first delivery of fresh uranium hexafluoride (UF₆) in 11 years earlier this month.

The Department of Energy has a plan for private companies to “dispose of surplus plutonium”—about 19.7 metric tons in both oxide and metal forms—by “making the materials available for advanced nuclear technologies.” A Surplus Plutonium Utilization Program request for applications (RFA) issued October 21 describes the plutonium on offer, and the “thresholds” prospective applicants must meet.

Idaho National Laboratory is playing a key role in helping the U.S. Department of Energy meet near-­term needs by recovering HALEU from federal inventories, providing critical support to help lay the foundation for a future commercial HALEU supply chain. INL also supports coordination of broader DOE efforts, from material recovery at the Savannah River Site in South Carolina to commercial enrichment initiatives.

At the Idaho National Laboratory Hot Fuel Examination Facility, containment box operator Jake Maupin moves a manipulator arm into position around a pencil-thin nuclear fuel rod. He is preparing for a procedure that he and his colleagues have practiced repeatedly in anticipation of this moment in the hot cell.

As the only Department of Energy Office of Environmental Management–sponsored national lab, Savannah River National Laboratory has a history deeply rooted in environmental stewardship efforts such as nuclear material processing and disposition technologies. SRNL’s demonstrated expertise is now being leveraged to solve nuclear fuel supply -chain obstacles by providing a source of high-assay low-enriched uranium fuel for advanced reactors.

Canadian uranium provider Cameco has calculated an end-of-September spot price for uranium of $82.63 per pound—the highest mark of 2025. The lowest spot price listed all year by Cameco was $64.23 per pound at the end of March, while the previous high was $78.50 per pound at the end of June.

The Nuclear Regulatory Commission has authorized Urenco USA to enrich uranium up to 10 percent U-235 following changes to plant systems and procedures and an operational readiness review. The company announced the news today, two days after the NRC issued its authorization on September 30 and said that all existing and future cascades at its Eunice, N.M., enrichment facility will be licensed to produce both low-enriched uranium, typically enriched to 5 percent fissile U-235, and LEU+, between 5 and 10 percent U-235.

The Department of Energy has fast-tracked its selections for the Fuel Line Pilot Program. Four companies—Oklo, Terrestrial Energy, TRISO-X, and Valar Atomics—were named September 30 as “conditional selections” for a “fast-track approach to commercial licensing,” bringing the total to five. The first company conditionally chosen for a DOE-authorized fuel fabrication facility—Standard Nuclear—was named less than three weeks after the program opened to applicants in July.

Jennifer Wheeler

In this new era of nuclear, the word “scalable” can mean many different things. From new advanced reactor designs that can meet the diverse needs of big power users like hyperscalers to industrial process heat applications, and from remote rural communities to new fuel cycle facilities (conversion, enrichment, deconversion, fuel fabrication), there is much to consider when predicting and meeting developing demand signals.

The biggest challenge in scaling fuel fabrication is recognizing that scaling applies to much more than taking the specific process equipment used to manufacture fuel products from pilot scale to commercial scale to nth-of-a-kind scale. For a first-of-a-kind fuel facility where there is no available reference facility to use as a basis, there is a delicate balance—and often an iterative dance—between fuel demand, right-sizing the facility, and project financing. Let’s focus on three major areas: factory throughput, staffing, and space.

Centrus Energy announced a plan yesterday to add 300 new jobs at Centrus’s uranium enrichment plant in Piketon, Ohio, “in advance of federal funding decisions.” The company envisions adding capacity for both low-enriched uranium and high-assay low-enriched uranium production at its American Centrifuge Plant, but the “size and scope” of public and private investment is “subject to being selected for funding by the U.S. Department of Energy.”

The startup of a new cascade of gas centrifuge at Urenco USA’s (UUSA) uranium enrichment facility in Eunice, N.M., came ahead of schedule and on budget, according to the company.

Kairos Power and BWX Technologies announced today that they will work together to “collaboratively explore” optimizing commercial production of TRISO fuel for Kairos’s planned advanced reactor fleet—beginning with the 50-MWe Hermes 2, slated for operation in 2030—and other potential customers. Their collaboration could include jointly developing a TRISO fuel fabrication facility.

Canadian uranium provider Cameco calculated an end-of-August spot price for uranium of $75.13—up from the previous month’s spot price of $71.10. Cameco continues to list a long-term price of $81.00 for August and has set it at $80.00 or $81.00 all year.

The Department of Energy made conditional commitments yesterday to provide high-assay low-enriched uranium to three companies: reactor developer Antares Nuclear; fuel fabricator Standard Nuclear; and Natura Resources, which is backing Abilene Christian University’s development of a small Molten Salt Research Reactor and pursuing a commercial reactor design of its own. Following a contracting process, some of the companies “could receive their HALEU later this year.”

The Department of Energy's Office of Nuclear Energy is setting up a nuclear fuel Defense Production Act Consortium that will seek voluntary agreements with interested companies “to increase fuel availability, provide more access to reliable power, and end America’s reliance on foreign sources of enriched uranium and critical materials needed to power the nation’s nuclear renaissance.” According to an August 22 DOE press release, the plan invokes the Defense Production Act (DPA) to give consortium members “defense from antitrust laws when certain criteria are met” and “allow industry consultation to develop plans of action.” DOE-NE is looking for interested companies to join the consortium ahead of its first meeting, scheduled for October 14.

Eleven high-burnup fuel rods manufactured by Global Nuclear Fuel have been delivered to Pacific Northwest National Laboratory for a battery of destructive tests. PNNL’s evaluation will provide GNF and the Department of Energy with information about the performance of the fuel, which—like other fuels developed through the DOE’s Accident Tolerant Fuel program— was engineered to handle longer operating cycles, improve fuel cycle economics, and support power uprates for existing light water reactors.

A strategic collaboration has been launched by Lightbridge Corporation and Oklo Inc. to explore locating Lightbridge’s fuel fabrication facility within Oklo’s planned advanced fuel manufacturing facility. The collaboration aims to “accelerate the commercialization of advanced nuclear fuels through joint fuel fabrication and research and development, including manufacturing fuel using repurposed plutonium from legacy materials,” according to the companies.

Small modular reactor developer X-energy, together with its fuel-developing subsidiary TRISO-X, has selected Clark Construction Group to finish the building construction phase of its advanced nuclear fuel fabrication facility, known as TX-1, in Oak Ridge, Tenn. It will be the first of two Oak Ridge facilities built to manufacture the company’s TRISO fuel for use in its Xe-100 SMR. The initial deployment of the Xe-100 will be at Dow Chemical Company’s UCC Seadrift Operations manufacturing site on Texas’s Gulf Coast.

Uranium provider Cameco has calculated an end-of-July spot price for uranium of $71.10—a decline from the $78.50 of the previous month. Cameco lists a long-term price of $81.00 for July, which is the same price that was listed in January. From February to June, the long-term price was $80.00.

Uranium futures were about $71.45 per pound on August 4, according to online analysis firm Trading Economics, which noted that continued prices near $71.50 are maintaining the price drop from the seven-month high of $79.00 in mid-June. The relatively low prices are related to a lack of buying from holding funds, which have received lowered bids from utilities. Nevertheless, uranium prices are higher at this point, compared with the $63.70 price in mid-March this year.

The Department of Energy’s Office of Environmental Management announced it has signed a lease with General Matter for the reuse of a 100-acre parcel of federal land at the former Paducah Gaseous Diffusion Plant in Kentucky for a new private-sector domestic uranium enrichment facility.