DOE initiative would boost nuclear fuel supply chain, CNBC reports

The Department of Energy is expected to announce on Wednesday an initiative to build out the nation’s nuclear fuel supply chain, CNBC’s Pippa Stevens and Spencer Kimball report. The DOE will ask states to express interest in hosting “Nuclear Lifecycle Innovation Campuses,” which would support activities across the nuclear fuel lifecycle, the report says. Ultimately, one of the proposed campuses could house the entire fuel cycle and attract $50B in capital investment from the private sector, according to the DOE. “Unleashing the next American nuclear renaissance will drive innovation, fuel economic growth, and create good-paying American jobs while delivering the affordable, reliable and secure energy America needs to power its future,” said U.S. Energy Secretary Chris Wright. He added it will be an “opportunity to work directly with states on regional priorities that support President Trump’s vision to revitalize America’s nuclear base.” Publicly traded companies in the space include Energy Fuels (UUUU), Cameco (CCJ), Constellation Energy (CEG), Centrus Energy (LEU), Nano Nuclear Energy (NNE), NuScale Power (SMR), and Oklo (OKLO).