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TerraPower announces plan to invest in domestic advanced nuclear fuel production to ensure U.S.-based fuel supply for advanced reactors

September 15, 2020 / Prnewswire

TerraPower announced today its plans to team with Centrus Energy Corp. (NYSE American: LEU) to establish commercial-scale, domestic production capabilities for high-assay, low-enriched uranium (HALEU), which will be needed to fuel many next-generation reactor designs including the recently announced Natrium™ Power Storage System designed by TerraPower and GE Hitachi Nuclear Energy. The proposed investment is part of the TerraPower-led proposal for the U.S. Department of Energy's Advanced Reactor Demonstration Program (ARDP), which is intended to support the deployment of two first-of-a-kind advanced reactor designs in the next five to seven years.