Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
The US is seeking bids from contractors to help establish a domestic supply of a uranium fuel enriched to higher levels for use in a next generation of reactors, a fuel currently only available in commercial levels from Russia, the Department of Energy said on Tuesday.
The DOE is seeking contracts for a maximum of 10 years from enrichment service companies to produce so-called high assay low enriched, or HALEU, uranium fuel that is enriched up to 20%, compared with traditional uranium fuel used in today’s reactors of about 5%.
The department has about $500 million in funding for HALEU production from the 2022 Inflation Reduction Act, and sought proposals late last year for additional HALEU production services. The program could be expanded in coming years, depending on congressional appropriations.
HALEU is expected to be needed for a planned generation of reactors in the works by companies including X-energy and TerraPower, but output has been delayed as the reactors are not yet built.
“It’s a chicken-or-egg sort of process,” Jon Carmack, the department’s deputy assistant secretary for nuclear fuel cycle, said in an interview. Carmack said the government needs to invest enough money to show initial demand for producers, so they will build capacity, apply for licenses and get HALEU plant design and construction projects underway.
Also Read : Google plans to invest $1 Bn in UK data centre Linde unaffected by latest US green subsidies: CEO
India plans to spend nearly $3.7 billion to fence its 1,610-km porous border with Myanmar within abo...
Notification 28-Mar-2024
The largest organisation for hydropower development in India, NHPC Limited, has inked a Memorandum o...
Large Corporate 30-Apr-2024
India imposes 12% safeguard duty to protect domestic steelmakers. Metal stocks rallied up to 3% fol...
Business 22-Apr-2025
Lithium prices will likely recover modestly in 2024 and 2025 as the fall in the rates witnessed in 2...
Non-Ferrous 04-Apr-2024
The world’s largest steel industry is currently grappling with significant challenges as it en...
Business 21-Aug-2024
Indian iron ore exports are expected to reach 47.8 million metric tonnes (MT) in fiscal year 2023-24...
Ferrous 16-Apr-2024