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Shine receives $263M conditional DOE loan to complete isotope facility
Fusion technology company Shine has been issued a conditional commitment for a loan of up to $263 million by the Department of Energy’s Office of Energy Dominance Financing (EDF) to support the construction of the company’s medical isotope production facility in Janesville, Wis.
Nuclear fuel, usually made from uranium, is one of the most dense fuel sources available. A single pellet of uranium fuel, weighing just six grams, has about as much energy available in today’s fission reactor as 3 barrels of oil (42 gallons each), 1 ton of coal, or 17,000 cubic feet of natural gas.
For more than fifty years, the nuclear fuel cycle has contributed to clean energy in the United States and around the world. The nuclear fuel cycle relies on uranium, a relatively common and abundant element, and consists of the processes and industrial operations required to extract usable energy from uranium. When reprocessing and recycling of used nuclear fuel (UNF), also known as spent nuclear fuel, is included as a part of the fuel cycle, a truly repeatable loop is created.
*Not performed in the United States
Last modified April 17, 2020, 8:08pm CDT