AI Nuclear Fuel Cycle & HALEU Enrichment Fundraising (2026)
Raising Capital for AI Nuclear Fuel Cycle, HALEU, Enrichment & Reprocessing Startups: which investors are active in the space.
Raising Capital for AI Nuclear Fuel Cycle, HALEU, Enrichment & Reprocessing Startups
AI nuclear fuel cycle, HALEU, enrichment & reprocessing in 2026 splits across (a) uranium-mining + conversion + enrichment + deconversion (Cameco $CCJ Cigar Lake+McArthur River+Key Lake+Rabbit Lake+Inkai JV-Kazatomprom+Cameco-Westinghouse Brookfield 49%-2023 October-2024 $7.9B closed+Cameco-Cameco Fuel Services Port Hope Ontario UF6 conversion+Cameco-Blind River UO3-refinery+Cameco-Springfields UK 2006-divested+ Cameco 2024 Q3 Sprott-Sylvania hostile-offer rejected+ Cameco-Yeelirrie WA Australia+ Cameco McArthur River restart 2022+Rabbit Lake care+maintenance 2016 cautionary+ Cameco Q3 2024 record delivery $2.6B+, Kazatomprom KAP.KZ+KAZ.LI Kazatomprom-Cameco Inkai JV 40%+Kazatomprom-Uranium One Rosatom-Rosprom-Framatome+CGN JV+ Kazatomprom Q3 2024 32-33kt-2024-guidance revised-down-sulfuric-acid-shortage cautionary+2025 25-27kt-cut+ Kazatomprom 2022-January-Russia-transit-issues Trans-Caspian Route+ Kazatomprom Zh 100%+Ulba Metallurgical LEU HALEU fabrication+ Kazatomprom-2024 April IPO KAZ.LI listing London-USD-secondary+, Orano-Areva France Orano Cycle+Orano La Hague reprocessing+Orano Mining Katco Kazakhstan JV+Orano Cigar Lake JV+Orano Malvési UF4-U3O8-conversion+Comurhex II-Malvési+Tricastin UF6+Georges Besse II enrichment centrifuge+ Orano Melox MOX-fabrication+Orano Cadarache MOX-fabrication+ Orano Cezus zirconium+Orano TN Americas dry-cask+Orano USA HALEU+, Orano Q3 2024 Georges Besse II expansion €1.7B 2024 EDF+France+EU-supported cautionary+ Orano-Idaho HALEU 2024 US-DOE-Award $2.7B first-major-Western-HALEU cautionary+, Urenco Ltd Urenco Almelo Netherlands+Urenco Capenhurst UK+Urenco Gronau Germany+Urenco USA New Mexico Eunice+ Urenco Q3 2024 Capenhurst UK 15% Expansion 2028+ Urenco USA New Mexico Expansion 2025 +15% first-US-2032-HALEU+ Urenco 2024 IPO-postponed cautionary+ UK+Netherlands+Germany 3-way ownership+ URENCO-ETC Enrichment Technology Company JV-Areva Framatome+, Centrus Energy $LEU-USEC+ Centrus Piketon OH-American Centrifuge+Centrus HALEU Piketon Ohio DOE Contract 2022-1st-HALEU-US-Cascade October-2023 first-delivery+2024 20kg 2025 900kg cautionary+2024 DOE Contract $150M+2024 DOE HALEU Availability Program $2.7B+ Centrus 2024 Q3 Piketon expansion+, TENEX-Rosatom RUSATOM SEG+Rosatom TVEL-Central-fuel-fabrication+ Rosatom TENEX-Techsnabexport+ Rosatom UECC-Zelenogorsk+Angarsk+Novouralsk+Seversk+ Rosatom Krasnokamensk uranium+PIMKU-KOMBINAT+ Rosatom Kazakhstan Uranium One JV+ CGN China General Nuclear-CNNC+ Rosatom 2024 EU-UK-US-Japan-Korea sanctions Russian-uranium-HEU-LEU-2028 phaseout+2024 May Prohibition Russian Uranium Imports Act 2024 US 90-day-effective+ Kazatomprom Q3 2024 revised-guidance+, Global Laser Enrichment GLE Silex Systems 51%+Cameco 49%+ GLE 2024 Q3 Wilmington NC-Paducah KY DUF6 tails-re-enrichment 2027 first-third-generation-laser+, Silex Systems $SLX.AX+Silex-Cameco JV+Silex-Silex Systems Australia+ Silex 2024 Q3 Paducah-Wilmington+, Techsnabexport TENEX Russia+, ConverDyn Metropolis IL 2022 restart+2020 UF6-US-only US-conversion 2022 restart+ Peninsula Energy Lance Wyoming ISR+ enCore Energy $EU Alta Mesa+Rosita+Kingsville+Butler Ranch+ Encore Energy 2024 Q3 Alta Mesa production start+, Ur-Energy $URG Lost Creek WY+Shirley Basin WY+ Uranium Energy Corp $UEC Palangana+Christensen Ranch WY+Reno Creek+Roughrider ATH Athabasca-Basin acquired 2024+ Denison Mines $DNN Wheeler River+Waterbury+Phoenix ISR feasibility 2028+ NexGen Energy $NXE Rook I Arrow deposit Athabasca Basin+ IsoEnergy+ Fission 3.0+ Global Atomic+ Paladin Energy $PDN Langer Heinrich Namibia restart 2024+2024 Q3 restart cautionary+ Boss Energy $BOE Honeymoon SA Australia restart 2024+ Bannerman Energy Etango Namibia+, Peninsula Energy Australia Boss Energy, Salt Lake City US-based enCore-Peninsula-UEC-Ur-Energy-Denison, Uranium supply crisis-2024-2025 spot-price $77-107/lb 2024-Q4 Kazatomprom cuts+Cameco delays+Cigar Lake Q3 delay+2024 October Uranium Fuel Council UFC 2024 record price+ Cautionary: Rio Tinto Rössing 2018-divested+ URC-Rossing Australia halted 2014+ Cameco Rabbit Lake 2016 c+m+ Cameco McArthur River 2018-2022 c+m+ Cameco Cigar Lake 2020 COVID-19 6-month idle+ Kazakhstan 2022-January unrest+Russia transit+ Sprott Physical Uranium Trust $U.UN launched July-2021+2024 Q4 40M-lb held cautionary+ Yellow Cake plc $YCA-Kazatomprom off-take+ Denison-JCU Canada JV, Areva Uranium One divested Rosatom 2010+ 2011-March Fukushima Dai-ichi accident cautionary+ Kazatomprom-Uranium One JV Inkai 40%+ Cameco-Cigar Lake 55%+ Cameco-McArthur River 70%+ Cameco-Key Lake 83%+ Cameco-Inkai 40%+, AI-uranium+enrichment+HALEU-startups: Standard Nuclear-BWXT Advanced Technologies 2024 Q3 TRISO fabrication Oak Ridge TN+ BWXT-BWX Technologies $BWXT-Nuclear Fuel Services Erwin TN HALEU-TRISO+BWXT-DoD Naval-Reactors+BWXT Advanced Manufacturing 2024+ USNC Ultra Safe Nuclear-Framatome-Oak Ridge TRISO+ X-energy TRISO-X Oak Ridge TN HALEU-TRISO fabrication 2024 first-non-federal HALEU+X-energy Xe-100 Dow Seadrift TX+X-energy Amazon September-2024 $500M Round+X-energy Ares Management 2024+ Kairos Power TRISO KP-FHR Fluoride-Salt-Cooled 2024+Kairos-Google Signed October-2024 500 MWe 2030-2035+Kairos Alameda CA Test Facility+Kairos-Oak Ridge Molten-Salt-Reactor Experiment MSRE reference+Kairos-BWXT-Framatome-TVA Clinch River TN CRN 2024 Q3 CP construction-permit+, Newcleo London 2020 Stefano Buono ex-Advanced Accelerator Applications+ Newcleo €500M-2024 Q3 lead-fast-reactor LFR-MOX-fuel+Newcleo-Framatome MOX+Newcleo-ENEA Italy+Newcleo-EDF+Newcleo-Fincantieri Marinette-marine-nuclear+, Copenhagen Atomics 2015 Denmark thorium-molten-salt-reactor+Copenhagen Atomics-Waste-Burner+Argonne National Laboratory ANL molten-salt+, ThorCon Power Puerto Rico-Panama LFTR+ Terrestrial Energy IMSR-2020-CNSC-Vendor-Design-Review VDR-Phase-2 completed+Terrestrial-Idaho Falls INL 2028+Terrestrial-2023 SPAC-cancelled cautionary+ Moltex Energy Saskatchewan-Waste-to-Stable-Salt WATSS+SSR-Wasteburner+Moltex 2024 SaskPower-2029+, Elysium Industries-Molten-Chloride Fast Reactor MCFR+ Copenhagen Atomics-Waste Burner+ Oklo Aurora $OKLO-Reddit-Sam Altman-2024 May-Nasdaq listing+Idaho DOE INL 2024 May DOE ATR-Advanced-Test-Reactor site+Oklo 2024 Q4 record-Class-1E-license+2022-NRC-application-denied-2028-target+, TerraPower Natrium 345 MWe Kemmerer WY sodium-fast-reactor+GE Hitachi PRISM+TerraPower-2024 Q2 site-mobilization+2028-first-power+TerraPower Bill Gates+2024 HALEU-supply-chain-Russia-2022-invasion-delayed 2-year cautionary+TerraPower Molten-Chloride-Fast-Reactor MCFR+, Deep Isolation Berkeley CA-borehole-repository+Deep Isolation 2024 UK-French Waste Isolation partnership+, USNC-BWXT-Framatome-Oak Ridge TRISO+X-energy TRISO-X 2024+Standard Nuclear 2024 Q3+Constellation-DOE 2024 HALEU-Consortium+ USNC-Framatome-BWXT-Oak Ridge-X-energy TRISO-X-Standard Nuclear-Kairos-KP-FHR+ TerraPower-Kemmerer WY+X-energy-Dow Seadrift TX+X-energy-Amazon-Energy Northwest WA+Kairos-TVA Clinch River TN+Kairos-Google 500 MWe 2030-2035+, Oklo-Aurora Idaho+2024 DOE INL-ATR site+ Fermi America-Fermi Amarillo TX-4-plant campus+, DOE HALEU Availability Program 2022-Consortium $2.7B 2024 Award+ DOE Advanced Reactor Demonstration Program ARDP TerraPower-Natrium+X-energy-Xe-100 2020+ DOE ARDP-Risk-Reduction 5-projects+DOE ARDP-Advanced Reactor Concepts+, DOE Loan Programs Office LPO $400B+2024 HALEU LEU-plus-2028 20% enrichment 5-20% up-to-19.75% U-235+, IRA 45U Nuclear Zero-Emission-Nuclear-Power-Production Credit 2024-2032+45Y+48E+, US Prohibition Russian Uranium Imports Act 2024 May 90-day-effective+ Nuclear Regulatory Commission NRC-2024 Chair Christopher Hanson-2025-departure+2025 Chair David Wright acting+, NRC 10 CFR Part 40 Uranium+ NRC Part 50 Reactor+ NRC Part 52 Reactor Combined-License+ NRC Part 53 Advanced-Reactor 2024-January+ NRC Part 70 Special-Nuclear-Material+ NRC Part 71 Packaging+ NRC Part 72 Independent Spent Fuel Storage Installation ISFSI+ NRC Part 73 Physical-Protection+ NRC Part 74 Material Control+ NRC Part 100 Reactor Siting+ NRC Regulatory Guide 3.71 Nuclear Criticality Safety+ 10 CFR 810 DOE Export+2024-March amendments+, ADVANCE Act 2024 July signed-Biden bipartisan NRC-fee-cap+SMR-license-streamline+, US Trump 2025-January Nuclear Executive Order Unleash-American-Nuclear+2025-June-executive-orders 4-year-4-large-reactor-2030 pending+, Federal HALEU-Consortium 2024 DOE Award-Members Centrus+Orano+Urenco+Silex-GLE+X-energy TRISO-X+Standard Nuclear+BWXT+, HALEU-consortium capacity crunch 2024 Q3 Russia 2028-phaseout+, IAEA International Atomic Energy Agency+ IAEA Additional Protocol+ IAEA Safeguards INFCIRC-153+INFCIRC-540+ Nuclear Suppliers Group NSG+ Zangger Committee+ NPT Non-Proliferation Treaty+ CTBT Comprehensive Nuclear Test Ban Treaty+, Fuel-cycle-economics: enrichment SWU $70-190/kg 2024-Q4+conversion $70-95/kgU 2024-Q4+U3O8 spot $77-107/lb 2024-Q4+HALEU $2-3M/kg reserve-price DOE 2024 cautionary. Deconversion: BWXT Deconversion+ Orano-Malvési+Tricastin+Comurhex II+Cameco Blind River+Port Hope Ontario+, DUF6 tails: US Paducah KY+Portsmouth OH DUF6 100k tons+, DUF6-Silex-GLE Wilmington NC-Paducah KY 2027 first-third-generation-laser. (b) HALEU + TRISO + fabrication + SMR-fuel + advanced-reactor-fuel (BWXT $BWXT-Nuclear Fuel Services Erwin TN Naval-Reactors 65%+2024 Q3 Advanced Manufacturing Lynchburg VA HALEU-TRISO+BWXT-DoD Naval-Reactors S8G Ohio-class+S9G Virginia+Columbia+A1B Ford-class+, X-energy TRISO-X Oak Ridge TN 2024 first-non-federal HALEU+X-energy Xe-100 Dow Seadrift TX+X-energy Amazon September-2024 $500M Round+X-energy Ares 2024+X-energy-Energy Northwest WA+X-energy-OSU MSRE 2024+, USNC Ultra Safe Nuclear-Framatome-Oak Ridge TRISO+USNC MMR-Chalk River CNL Canada 2029+USNC-Idaho National Lab 2028+, Kairos Power TRISO KP-FHR 2024+Kairos-Google Signed October-2024 500 MWe+Kairos Alameda+Kairos-Oak Ridge MSRE reference+Kairos-BWXT-Framatome-TVA Clinch River TN 2024 Q3 CP construction-permit+, Standard Nuclear-BWXT 2024 Q3 TRISO Oak Ridge TN+ Constellation-DOE 2024 HALEU-Consortium 30-yr-DOD partnership+ TerraPower Natrium 345 MWe Kemmerer WY 2024 site-mobilization+TerraPower-2024 Q2+2028-first-power+TerraPower Bill Gates 2006+TerraPower-2024 HALEU-supply Russia-2022-invasion-2-year-delayed+TerraPower MCFR molten-chloride 2024+, KHNP-KEPCO Nuclear Fuel Korea+ Mitsubishi Nuclear Fuel Japan+ JNFL Japan Nuclear Fuel Ltd Rokkasho reprocessing 2024 Q3-Cold-test-completed-2026 hot-startup-delayed cautionary+ JNFL Rokkasho MOX-fabrication 2028+ CNNC-CGN China+ Rosatom-TVEL-Central-fuel+MOX-fabrication+ Framatome France-EDF fuel-fabrication+ Framatome-Romans-Sur-Isere UO2+MOX+ Framatome-Lynchburg VA Advanced Nuclear Fuels ANF+ Framatome-Newport-Newcleo UK-Rolls-Royce SMR+ Rolls-Royce SMR 470 MWe+ Rolls-Royce SMR 2024 UK-GBN GBN-3-picked 2024 Q4 finalists+ Rolls-Royce SMR-Czech Republic 2024+, GE Vernova Hitachi Nuclear BWRX-300+ GEH-TVA Clinch River+GEH-OPG Darlington 2029 first-N-America+GEH-SaskPower Estevan 2032+, Westinghouse-Brookfield-Cameco 2023 $7.9B closed October-2024+Westinghouse AP1000+Westinghouse AP300 SMR+Westinghouse eVinci Micro-Reactor+, Holtec International-SMR-300+Holtec Palisades restart 2025+Holtec Oyster Creek+Indian Point+Pilgrim decommissioning+Holtec HI-STORM dry-cask+Holtec HI-STAR transportation+, NuScale VOYGR 77-MWe modules+2023 January UAMPS Utah CFPP Carbon-Free-Power-Project cancelled cautionary+2024 Q3 RoPower Romania+NuScale 2024 restructuring+, Copenhagen Atomics thorium-molten-salt-reactor-Waste-Burner+, Terrestrial Energy IMSR-2020 CNSC VDR-2+Terrestrial Idaho Falls 2028+2023 SPAC-cancelled cautionary+ Moltex Energy SaskPower 2029+ Elysium Industries MCFR+ ThorCon Puerto Rico+, Newcleo €500M-2024 Q3 LFR-MOX+Newcleo-Framatome MOX+Newcleo-ENEA+Newcleo-EDF+Newcleo-Fincantieri Marinette-marine-nuclear+. AI-fuel-fabrication+recycling+reprocessing-startups: Curio-Berkeley CA 2023 pyroprocessing PRISM-fuel spent-fuel-recycling+Curio 2024 Q3 DOE Consortium+ Shine Technologies-Janesville WI 2023 Cadmium-Selenium-U-Mo+Shine 2024 $2.2B Series-C-Fidelity+Baillie Gifford medical-isotope-Mo-99-DOE-DOE-EIS-completed-2024+, Kurchatov Reprocessing-Rosatom+ JNFL Rokkasho MOX 2028+ CNNC China Nuclear Reprocessing+ CGN China General Nuclear Reprocessing+ Orano La Hague world-largest 1600 MTU+Orano-Melox MOX-fabrication 2024 Q3 restructuring+Orano-Cadarache-MELOX MOX+ Orano-Idaho HALEU 2024 US-DOE $2.7B first-major-Western-HALEU+, Deep Isolation borehole-repository-Berkeley CA-UK-French Waste Isolation 2024+, Curie-Nuvation Curio 2024+ EnergySolutions-ES-Energy Solutions Salt Lake City decommissioning+ EnergySolutions-Vermont Yankee+Zion+Big Rock Point+Kewaunee decommissioning+ EnergySolutions-2024 Q3 restructuring cautionary+, ARC Nuclear Chicago+ Elysium Industries MCFR-2024 Q3+ Kairos-KP-FHR TRISO+ Copenhagen-Waste-Burner+ ThorCon+ Terrestrial IMSR+ Moltex SSR-Wasteburner+ Molex WATSS+ Newcleo LFR-MOX. (c) PWR+BWR+CANDU fabrication + MOX + reprocessing + DGR (Framatome France-EDF Romans-Sur-Isere UO2+MOX+Framatome-Lynchburg VA ANF Advanced Nuclear Fuels+Framatome-Newport-Newcleo UK+Framatome-Cezus zirconium+ Westinghouse-Brookfield-Cameco 2023 $7.9B closed October-2024+Westinghouse Columbia SC fuel-fabrication+2024 September Beach Bar+Westinghouse Springfields UK 2006-divested-Cameco 2006-Springfields Fuels 2010-shutdown cautionary+, GEH Global Nuclear Fuel GNF Wilmington NC BWR-fuel+ KHNP-KEPCO Nuclear Fuel Korea+ Mitsubishi Nuclear Fuel Japan+ JNFL Japan Nuclear Fuel Ltd Rokkasho reprocessing 2024 Q3-Cold-test-completed 2026-hot-startup-delayed cautionary+ JNFL Rokkasho MOX 2028+ CNNC-CGN China Nuclear+ Rosatom TVEL Central-fuel-fabrication+ Rosatom MOX+ TENEX-Techsnabexport+, Orano La Hague world-largest 1600 MTU+Orano Melox MOX-fabrication+Orano Cadarache MOX+Orano Cezus zirconium+Orano TN Americas dry-cask+Orano USA HALEU-Idaho 2024 $2.7B+ Orano Q3 2024 Georges Besse II expansion €1.7B 2024+, Cameco Fuel Services Port Hope Ontario UF6+UO2 fuel-fabrication+Cameco Blind River UO3-refinery+Cameco Springfields UK 2006-divested+, WNTI World Nuclear Transport Institute+ ISFSI Independent Spent Fuel Storage Installation dry-cask+Holtec HI-STORM+Orano NUHOMS+Areva TN+NAC International MAGNASTOR+ Deep Geological Repository DGR: Finland Onkalo Posiva 2025 first-world+Sweden Forsmark SKB 2024-Q4 permit+France Cigéo Andra 2024+US Yucca Mountain 2010 defunded-Trump 2025-January revive+ Canada Nuclear Waste Management Organization NWMO Ignace-Ontario 2024 Q4 site-selected+, Germany BGE 2031 site-selection+ Switzerland Nagra Zurich 2024+ UK Nuclear Waste Services NWS Cumbria 2024+ Netherlands COVRA Zeeland+ Belgium ONDRAF/NIRAS 2100+ Argentina CNEA+ India NPCIL+ China CAEA Beishan 2050+ Japan NUMO Suttsu-Kamoenai 2020-literature-survey+, Radioactive Waste Management LLW+ILW+HLW+ transportation Type-B Cask ANSI N14.5+IAEA SSR-6+, US DOE Office of Nuclear Energy ONE+ DOE Office of Environmental Management EM+ DOE Waste Isolation Pilot Plant WIPP New Mexico 1999+ DOE Consolidated Interim Storage CIS 2024 Q3 NRC-license Andrews TX WCS+Andrews TX Interim Storage Partners ISP+2024 Q3 Congressional-block+ Holtec Consolidated Interim Storage Andrews NM+2024-August-NRC-license+ Trump 2025-Jan Yucca revive+, US Nuclear Waste Fund NWF+, NRC Part 60 Geologic Repositories+NRC Part 63 Yucca Mountain-Specific+NRC Part 71 Package+NRC Part 72 ISFSI+NRC Part 63.10+63.12+. (d) dry-cask+ISF+transportation+decommissioning+monitoring (Holtec International-HI-STORM+HI-STAR+HI-TRAC+Holtec Palisades restart 2025 first-US-restart-decommissioned-reactor+Holtec Oyster Creek+Indian Point+Pilgrim decommissioning+Holtec Perry+Big Rock Point+, Orano TN Americas NUHOMS+Orano TN NUHOMS-EOS+Orano TN NUHOMS-Advanced Horizontal Storage Module AHSM+ NAC International MAGNASTOR+NAC-STAR MPC+ Westinghouse MAGNASTOR-NAC International 2024+ EnergySolutions Salt Lake City-Vermont Yankee+Zion+Big Rock Point+Kewaunee decommissioning+EnergySolutions ES-Utah LLW+Ch-11 pending 2024 Q3 restructuring cautionary+ WCS Waste Control Specialists Andrews TX+ISP Interim Storage Partners Waste Control 2024 Q3 Congressional block+ Deep Isolation borehole-repository-Berkeley CA 2024 UK-French Waste Isolation partnership+, PaR Nuclear-DME-Nuclear Fuel Wilmington NC+ Westinghouse Springfields UK 2006-divested-2010-shutdown+ Cameco Springfields UK 2006-divested+Springfields Fuels Ltd 2010-shutdown+ ONR Office for Nuclear Regulation UK+, Wärtsilä-2024 marine-nuclear+ Wärtsilä-Newcleo Fincantieri Marinette-marine-nuclear 2024+, Curie-Curio-Deep Isolation-NAC International-Holtec-Orano TN-EnergySolutions-ISP-WCS-Andrews. Regulatory+standards+workforce+off-take: NRC 10 CFR Part 40 Uranium+50 Reactor+52 Combined-License+53 Advanced-Reactor January-2024+70 Special-Nuclear-Material+71 Packaging+72 ISFSI+73 Physical-Protection+74 Material Control+100 Reactor Siting+ NRC Regulatory Guide 3.71 Nuclear Criticality Safety+ 10 CFR 810 DOE Export 2024-March amendments+ ADVANCE Act 2024 July signed Biden bipartisan NRC-fee-cap+SMR-license-streamline+Zoning-Preemption+, US Trump 2025-January Nuclear Executive Order Unleash-American-Nuclear+2025-June-executive-orders 4-year-4-large-reactor-2030 pending+, US Prohibition Russian Uranium Imports Act 2024 May 90-day-effective+ US IRA 45U Nuclear Zero-Emission-Nuclear-Power-Production Credit 2024-2032+45Y+48E+45X+ US DOE HALEU Availability Program $2.7B 2022-Consortium 2024 Award+ DOE ARDP Advanced Reactor Demonstration Program 2020 TerraPower+X-energy+ DOE ARDP Risk-Reduction 5-projects+Advanced Reactor Concepts+ DOE Loan Programs Office LPO $400B+ DOE Consolidated Interim Storage 2024+ DOE WIPP New Mexico 1999+, IAEA International Atomic Energy Agency+ IAEA Additional Protocol+ IAEA Safeguards INFCIRC-153+INFCIRC-540+ Nuclear Suppliers Group NSG+ Zangger Committee+ NPT Non-Proliferation Treaty 1968+ CTBT Comprehensive Nuclear Test Ban Treaty 1996+ Comprehensive-Test-Ban-Treaty-Organization CTBTO+ Convention on Physical Protection of Nuclear Material CPPNM 2005-Amendment+ Joint Convention Safety Spent Fuel Radioactive Waste 1997+ NEA Nuclear Energy Agency OECD 2024+ WANO World Association Nuclear Operators+ WNA World Nuclear Association+ NEI Nuclear Energy Institute+ ANS American Nuclear Society+ Nuclear Innovation Alliance NIA+ ClearPath+ Third Way Advanced Reactor+, EU-Euratom Treaty 1957+ Euratom Supply Agency ESA+ Euratom Research and Training Programme+ EU AI Act August-2024+ EU CBAM+ EU CSRD January-2024+ CSDDD July-2024+ EU EU Green Deal+ Fit-for-55+ AFIR+ REDIII+ EU F-Gas March-2024+ EU CFIUS-equivalent FSR July-2023+ NZIA March-2024+ CRMA March-2024+, workforce Cameco+Orano+Urenco+Centrus+BWXT+Framatome+Westinghouse+GEH+KHNP+Mitsubishi Nuclear Fuel+JNFL+CNNC+CGN+Rosatom TVEL+ USNRC+DOE+NNSA+NRC+ Naval-Reactors+DoE Naval Reactors Bettis+KAPL+ HII+GD Electric Boat-Naval Reactors+, off-take utility+Constellation $CEG-DOE 30-yr HALEU-Consortium+Constellation Three Mile Island Unit 1 restart 2028 first-decommissioned-restart+Duke Energy $DUK-BWRX-300 TVA-Clinch River+Southern $SO-Vogtle 3+4 2023-2024 first-new-US-nuclear-30yrs+PG&E $PCG Diablo Canyon extended 2030+2024-May 5-year extension approved+Ontario Power OPG Bruce+Darlington+Bruce-Refurb+Darlington-Refurb+Pickering-refurb+ SaskPower-GEH BWRX-300 Estevan 2032+ TVA Clinch River+ EDF-Hinkley Point C+Sizewell C+Bradwell B+ Rolls-Royce SMR 470 MWe+GBN GBN-3-picked 2024 Q4+ CEZ Czech Rep-Rolls-Royce SMR 2024+ Poland KHNP+Westinghouse 2024+ CGN+CNNC China 200+GW+ Rosatom Russia 60+GW+ India NPCIL+ EDF Flamanville 3 2024 December start-16-year-delay cautionary+ Vogtle 3+4 GA Southern Company 2023-2024 first-new-US-nuclear-30yr+VC Summer SC 2017 abandoned Westinghouse Ch-11 cautionary+ Olkiluoto 3 Finland 2023-April 18-year-delay+ Hinkley Point C UK 2025-2028+cost-overrun cautionary+ Sizewell C+Bradwell B+ SMR TVA-Clinch River-GEH BWRX-300+Ontario Power Darlington+SaskPower+Cameco-Westinghouse restart 2024+ Westinghouse-Poland+Ukraine+Bulgaria+Czech Rep+, Cautionary: NuScale-2023 January UAMPS Utah CFPP cancelled+2024 Q3 restructuring+ Oklo-2022 NRC-application-denied-2028-target+ TerraPower Natrium 2024 HALEU-supply Russia-2022-2-year-delayed+ Terrestrial 2023 SPAC-cancelled+ Vogtle 3+4 first-new-US-30yr+VC Summer 2017 abandoned Westinghouse Ch-11+ Hinkley Point C 2025-2028 cost-overrun+ EDF Flamanville 3 2024 Dec 16-yr-delay+ Olkiluoto 3 2023-April 18-yr-delay+ Fermi Fermi TX 4-plant+ JNFL Rokkasho 2024 Q3 hot-startup-delayed+ Orano-Melox 2024 Q3 restructuring+ EnergySolutions 2024 Q3 restructuring+ Rio Rössing 2018-divested+ Cameco Rabbit Lake 2016 c+m+McArthur River 2018-2022 c+m+Cigar Lake 2020 COVID+Springfields UK 2010-shutdown+ Kazatomprom 2024 Q3 revised-2025 25-27kt cut+2022-January-Russia-transit+ Paladin Langer Heinrich 2024 Q3 restart+ Fukushima Dai-ichi 2011-March accident+ Chernobyl 1986-April accident+ Three Mile Island 1979-March+ Ambri Reliance Ch-11 May-2024+ Kodak Ch-11 2012 2013-emerged+ Trump 2025-January Nuclear EO+Yucca Mountain revive+ HALEU-consortium capacity crunch Russia 2028-phaseout+ Enrichment SWU $70-190/kg 2024-Q4+conversion $70-95/kgU 2024-Q4+U3O8 spot $77-107/lb 2024-Q4+HALEU $2-3M/kg DOE reserve-price 2024 cautionary called out.
Frequently asked questions
How much ARR + utility-off-take/DOE-consortium/NRC-license + IRA 45U/ADVANCE-Act/Prohibition-Russian-Uranium-2024/IAEA discipline do AI nuclear-fuel-cycle+HALEU startups need for Series A in 2026?
Series A gate: $50-1B+ equity + Cameco/Kazatomprom/Orano/Urenco/Centrus + utility-DOE-Naval-off-take + first-conversion-or-enrichment-line (uranium+conversion+enrichment+deconversion — Cameco $CCJ Cigar Lake+McArthur River+Key Lake+Rabbit Lake+Inkai JV-Kazatomprom+Westinghouse Brookfield 49% 2023 October-2024 $7.9B closed+Fuel Services Port Hope UF6+Blind River UO3-refinery+Springfields UK 2006-divested+McArthur River restart 2022+Rabbit Lake care+maintenance 2016 cautionary+Q3 2024 record delivery $2.6B+2024 Q3 Sprott-Sylvania hostile-offer rejected, Kazatomprom KAP.KZ+KAZ.LI-Cameco Inkai JV 40%+Uranium One Rosatom+CGN JV+Q3 2024 32-33kt-2024-guidance revised-down-sulfuric-acid-shortage+2025 25-27kt-cut+2022-January Russia-transit+Ulba Metallurgical LEU HALEU fabrication+2024 April IPO KAZ.LI London-USD cautionary, Orano-Areva France Cycle+La Hague+Katco Kazakhstan JV+Malvési UF4-U3O8+Comurhex II+Tricastin UF6+Georges Besse II centrifuge+Melox MOX+Cadarache MOX+Cezus zirconium+TN Americas dry-cask+USA HALEU+Q3 2024 Georges Besse II expansion €1.7B+Idaho HALEU 2024 US-DOE $2.7B first-major-Western cautionary, Urenco Ltd Almelo+Capenhurst+Gronau+USA New Mexico Eunice+Q3 2024 Capenhurst 15% Expansion 2028+USA NM Expansion 2025 +15% first-US-2032-HALEU+2024 IPO-postponed cautionary+URENCO-ETC JV-Areva Framatome, Centrus Energy $LEU-USEC+Piketon OH American Centrifuge+HALEU Piketon Ohio DOE Contract 2022-1st-HALEU-US October-2023 first-delivery+2024 20kg-2025 900kg+DOE $150M 2024+DOE HALEU Availability Program $2.7B+Q3 2024 Piketon expansion, TENEX-Rosatom TVEL-Central-fuel+UECC Zelenogorsk+Angarsk+Novouralsk+Seversk+Krasnokamensk uranium+Kazakhstan Uranium One JV+2024 EU-UK-US-Japan-Korea sanctions Russian-uranium-HEU-LEU 2028 phaseout+2024 May Prohibition Russian Uranium Imports Act 2024 US 90-day-effective, Global Laser Enrichment GLE Silex 51%+Cameco 49%+2024 Q3 Wilmington NC-Paducah KY DUF6 tails 2027 first-third-generation-laser, Silex Systems $SLX.AX+Silex-Cameco JV+2024 Q3 Paducah-Wilmington, ConverDyn Metropolis IL 2022 restart+US-only UF6-conversion cautionary, U.S. ISR+conventional Peninsula Energy Lance WY+enCore Energy $EU Alta Mesa+Rosita+Kingsville+Butler Ranch+2024 Q3 Alta Mesa production+Ur-Energy $URG Lost Creek WY+Shirley Basin+UEC $UEC Palangana+Christensen+Reno Creek+Roughrider ATH 2024+Denison $DNN Wheeler River+Phoenix ISR 2028+NexGen $NXE Rook I Arrow Athabasca+IsoEnergy+Fission 3.0+Global Atomic+Paladin $PDN Langer Heinrich Namibia restart 2024+2024 Q3 restart cautionary+Boss Energy $BOE Honeymoon SA 2024 restart+Bannerman Energy Etango Namibia+Sprott Physical Uranium Trust $U.UN 40M-lb 2024 Q4+Yellow Cake plc $YCA-Kazatomprom off-take+U3O8 spot $77-107/lb 2024-Q4 record cautionary), $50M-1B+ equity + DOE-HALEU-Consortium-Award + first-HALEU-TRISO-line (HALEU+TRISO+fabrication+SMR-fuel+advanced-reactor-fuel — BWXT $BWXT-Nuclear Fuel Services Erwin TN Naval-Reactors 65%+2024 Q3 Advanced Manufacturing Lynchburg VA HALEU-TRISO+DoD Naval-Reactors S8G Ohio+S9G Virginia+Columbia+A1B Ford, X-energy TRISO-X Oak Ridge TN 2024 first-non-federal HALEU+Xe-100 Dow Seadrift TX+Amazon September-2024 $500M Round+Ares Management 2024+Energy Northwest WA+OSU MSRE 2024, USNC Ultra Safe Nuclear-Framatome-Oak Ridge TRISO+MMR Chalk River CNL Canada 2029+Idaho NL 2028, Kairos Power TRISO KP-FHR 2024+Kairos-Google October-2024 500 MWe 2030-2035+Alameda+Oak Ridge MSRE reference+BWXT-Framatome-TVA Clinch River TN 2024 Q3 CP construction-permit, Standard Nuclear-BWXT 2024 Q3 TRISO Oak Ridge TN+Constellation-DOE 2024 HALEU-Consortium, TerraPower Natrium 345 MWe Kemmerer WY 2024 site-mobilization+Bill Gates 2006+2024 HALEU-supply Russia-2022-2-year-delayed+MCFR molten-chloride 2024, Newcleo €500M-2024 Q3 LFR-MOX+Framatome-ENEA-EDF-Fincantieri Marinette-marine-nuclear, Copenhagen Atomics 2015 thorium-molten-salt Waste-Burner+Argonne ANL molten-salt precedent, ThorCon Puerto Rico-Panama LFTR+Terrestrial IMSR-2020 CNSC VDR-2+Idaho Falls 2028+2023 SPAC-cancelled cautionary+Moltex WATSS+SSR-Wasteburner SaskPower 2029+Elysium MCFR+ Oklo Aurora $OKLO-Reddit-Sam Altman 2024 May Nasdaq+Idaho DOE INL 2024 May ATR site+2022 NRC-application-denied 2028-target cautionary+Fermi America Amarillo TX 4-plant campus, KHNP-KEPCO Nuclear Fuel Korea+Mitsubishi Nuclear Fuel+JNFL Rokkasho reprocessing 2024 Q3-Cold-test-completed 2026-hot-startup-delayed cautionary+MOX 2028+CNNC-CGN China+Rosatom TVEL Central-fuel+MOX+, Framatome France-EDF Romans-Sur-Isere UO2+MOX+Lynchburg VA ANF Advanced Nuclear Fuels+Cezus zirconium+Newport-Newcleo UK-Rolls-Royce SMR+, Rolls-Royce SMR 470 MWe+2024 UK-GBN GBN-3-picked Q4 finalists+Czech Rep 2024+, GEH Global Nuclear Fuel GNF Wilmington NC BWR-fuel+GEH BWRX-300+TVA Clinch River+OPG Darlington 2029 first-N-America+SaskPower Estevan 2032+, Westinghouse-Brookfield-Cameco 2023 $7.9B closed October-2024+AP1000+AP300 SMR+eVinci Micro-Reactor+Springfields UK 2006-divested Cameco 2010-shutdown cautionary+ Holtec SMR-300+Palisades restart 2025 first-US-restart-decommissioned+Oyster Creek+Indian Point+Pilgrim+HI-STORM dry-cask+HI-STAR transportation+ NuScale VOYGR 77-MWe+2023 January UAMPS Utah CFPP cancelled+2024 Q3 restructuring+RoPower Romania 2024 Q3 cautionary), $10-500M ARR + Framatome/Westinghouse/GEH-fabrication-off-take + first-MOX-or-reprocessing-line (PWR+BWR+CANDU+MOX+reprocessing+DGR — Framatome Romans-Sur-Isere+Lynchburg VA+Newport-Newcleo UK+ Westinghouse Columbia SC+ GEH GNF Wilmington+ KHNP-KEPCO+ Mitsubishi+ JNFL Rokkasho+ CNNC-CGN+ Rosatom TVEL+ Orano La Hague 1600 MTU world-largest+Melox MOX 2024 Q3 restructuring+Cadarache MOX+Cezus zirconium+TN Americas dry-cask+USA HALEU-Idaho 2024 $2.7B+Georges Besse II expansion €1.7B, Cameco Fuel Services Port Hope+Blind River UO3-refinery+Springfields UK 2006-divested+Springfields Fuels Ltd 2010-shutdown cautionary+ ISFSI Independent Spent Fuel Storage dry-cask Holtec HI-STORM+Orano NUHOMS+Areva TN+NAC MAGNASTOR+ DGR Deep Geological Repository Finland Onkalo Posiva 2025 first-world+Sweden Forsmark SKB 2024 Q4 permit+France Cigéo Andra 2024+US Yucca 2010 defunded-Trump 2025-January revive+Canada NWMO Ignace-Ontario 2024 Q4 site-selected+Germany BGE 2031+Switzerland Nagra 2024+UK NWS Cumbria 2024+Netherlands COVRA+Belgium ONDRAF/NIRAS 2100+Argentina CNEA+India NPCIL+China CAEA Beishan 2050+Japan NUMO Suttsu-Kamoenai 2020-literature-survey precedent), or $10-500M ARR + utility+DOE-CIS-off-take (dry-cask+ISF+transportation+decommissioning+monitoring — Holtec HI-STORM+HI-STAR+HI-TRAC+Palisades restart 2025+Oyster Creek+Indian Point+Pilgrim+Perry+Big Rock Point+, Orano TN Americas NUHOMS+EOS+AHSM+ NAC International MAGNASTOR+NAC-STAR MPC+ Westinghouse MAGNASTOR-NAC 2024+ EnergySolutions Salt Lake City-Vermont Yankee+Zion+Big Rock Point+Kewaunee+2024 Q3 restructuring cautionary+ WCS Andrews TX+ISP Interim Storage Partners 2024 Q3 Congressional block+ Holtec Consolidated Interim Storage Andrews NM 2024 August NRC-license+Trump 2025-Jan Yucca revive+ Deep Isolation Berkeley CA borehole-repository-UK-French Waste Isolation 2024 partnership precedent), plus DOE ARDP TerraPower+X-energy 2020+ARDP Risk-Reduction+Advanced Reactor Concepts+ HALEU Availability Program $2.7B 2022-Consortium 2024 Award+ Loan Programs Office $400B+ Consolidated Interim Storage 2024+ WIPP New Mexico 1999+ IRA 45U Nuclear Zero-Emission-Nuclear-Power-Production Credit 2024-2032+45Y+48E+45X+ US Trump January-2025 Nuclear EO Unleash-American-Nuclear+June-2025 EOs 4-year-4-large-reactor-2030 pending+ US Prohibition Russian Uranium Imports Act 2024 May 90-day-effective+ ADVANCE Act 2024 July signed Biden bipartisan NRC-fee-cap+SMR-license-streamline+Zoning-Preemption+ NRC 10 CFR Part 40+50+52+53 January-2024+70+71+72+73+74+100+ Regulatory Guide 3.71+ 10 CFR 810 DOE Export 2024-March amendments+ IAEA Additional Protocol+Safeguards INFCIRC-153+INFCIRC-540+ Nuclear Suppliers Group NSG+ Zangger Committee+ NPT 1968+ CTBT 1996+ CTBTO+ CPPNM 2005-Amendment+ Joint Convention 1997+ NEA OECD 2024+ WANO+ WNA+ NEI+ ANS+ NIA+ ClearPath+ Third Way+ Euratom Treaty 1957+ ESA+ Euratom R&T Programme+ EU AI Act August-2024+ CBAM+ CSRD January-2024+ CSDDD July-2024+ Green Deal+ Fit-for-55+ AFIR+ REDIII+ F-Gas March-2024+ FSR July-2023+ NZIA March-2024+ CRMA March-2024 discipline day-one.
Which investors lead AI nuclear-fuel-cycle+HALEU rounds in 2026?
Growth+deep-tech-climate+ nuclear-strategic-CVC+ utility-off-take+ DOE-Consortium+ Naval-Reactors+ IAEA-compliant: Amazon-X-energy September-2024 $500M Round-Xe-100 Dow Seadrift TX+Energy Northwest WA+OSU MSRE 2024+ Ares Management-X-energy 2024+ Bill Gates BEV-TerraPower Natrium 345 MWe Kemmerer WY 2024 site-mobilization+2024 HALEU-supply Russia-2022-2-year-delayed+MCFR molten-chloride 2024+ Sam Altman-Reddit-Oklo Aurora $OKLO 2024 May Nasdaq+Idaho DOE INL 2024 May ATR site+2022 NRC-application-denied 2028-target cautionary+ Google-Kairos Power TRISO KP-FHR October-2024 Signed 500 MWe 2030-2035+Alameda+Oak Ridge MSRE reference+BWXT-Framatome-TVA Clinch River TN 2024 Q3 CP+ Constellation $CEG-DOE 30-yr HALEU-Consortium+Three Mile Island Unit 1 restart 2028 first-decommissioned-restart Microsoft-2024 September+ Fidelity+Baillie Gifford-Shine Technologies $2.2B-C 2023 Cadmium-Selenium-U-Mo-medical-isotope-Mo-99-DOE-EIS-completed 2024+ Stefano Buono-Newcleo €500M 2024 Q3 LFR-MOX+Framatome-ENEA-EDF-Fincantieri Marinette-marine-nuclear+ Reddit-Sam Altman-Oklo $OKLO 2024 May Nasdaq+2022 NRC-application-denied cautionary+ Curio Berkeley CA 2023 pyroprocessing PRISM-fuel spent-fuel-recycling+2024 Q3 DOE Consortium+ Deep Isolation Berkeley CA borehole-repository-UK-French Waste 2024 partnership+, Nuclear-strategic-CVC+Utility-Off-take: Cameco $CCJ Cigar Lake+McArthur River+Key Lake+Inkai JV-Kazatomprom+Westinghouse Brookfield 49% 2023 October-2024 $7.9B closed+Fuel Services Port Hope+Blind River+Q3 2024 record delivery $2.6B+2024 Q3 Sprott-Sylvania hostile-offer rejected cautionary, Kazatomprom KAP.KZ+KAZ.LI-Cameco Inkai+Uranium One Rosatom+CGN JV+2024 April IPO KAZ.LI London+Q3 2024 32-33kt revised-down+2025 25-27kt cut+2022-Jan Russia-transit+Ulba HALEU cautionary, Orano-Areva France La Hague+Katco+Malvési+Comurhex II+Tricastin+Georges Besse II centrifuge+Melox MOX+Cadarache+Cezus+TN Americas+USA HALEU+Q3 2024 Georges Besse II €1.7B+Idaho HALEU 2024 US-DOE $2.7B first-major-Western cautionary, Urenco Almelo+Capenhurst+Gronau+USA New Mexico+Q3 2024 Capenhurst 15% Expansion 2028+USA NM Expansion 2025 first-US-2032-HALEU+2024 IPO-postponed cautionary+URENCO-ETC JV-Areva Framatome, Centrus Energy $LEU-USEC Piketon OH American Centrifuge+HALEU Piketon October-2023 first-delivery+DOE $150M 2024+DOE HALEU Availability Program $2.7B+Q3 2024 Piketon expansion, TENEX-Rosatom TVEL+UECC Zelenogorsk+Angarsk+Novouralsk+Seversk+Krasnokamensk+Kazakhstan Uranium One+2024 EU-UK-US-Japan-Korea sanctions Russian-uranium 2028 phaseout+May-2024 Prohibition Russian Uranium Imports Act cautionary, Global Laser Enrichment GLE Silex 51%+Cameco 49%+Wilmington-Paducah 2027 first-third-generation-laser+ Silex Systems $SLX.AX+Silex-Cameco JV+2024 Q3 Paducah-Wilmington+ ConverDyn Metropolis IL 2022 restart US-only UF6+ Peninsula Lance WY+enCore Alta Mesa+Rosita+Kingsville+Butler Ranch+2024 Q3 Alta Mesa production+Ur-Energy Lost Creek+Shirley Basin+UEC Palangana+Christensen+Reno Creek+Roughrider ATH 2024+Denison Wheeler River+Phoenix ISR 2028+NexGen Rook I Arrow+Paladin Langer Heinrich Namibia restart 2024 Q3+Boss Honeymoon SA 2024+Bannerman Etango+Sprott $U.UN 40M-lb 2024 Q4+Yellow Cake plc-Kazatomprom off-take+U3O8 $77-107/lb 2024-Q4 record cautionary. Fabricator+Reactor-strategic: BWXT $BWXT-NFS Erwin TN Naval-Reactors 65%+2024 Q3 Advanced Manufacturing Lynchburg VA HALEU-TRISO+DoD Naval-Reactors, X-energy TRISO-X Oak Ridge TN 2024 first-non-federal HALEU+Xe-100 Dow+Amazon $500M+Ares 2024, USNC Ultra Safe Nuclear-Framatome-Oak Ridge TRISO+MMR Chalk River 2029+Idaho NL 2028, Kairos Power TRISO KP-FHR 2024+Google October-2024 500 MWe+Alameda+Oak Ridge MSRE+BWXT-Framatome-TVA Clinch River TN 2024 Q3 CP, Standard Nuclear-BWXT 2024 Q3 TRISO Oak Ridge TN+Constellation-DOE 2024 HALEU-Consortium, TerraPower Natrium Kemmerer WY 2024+MCFR+Bill Gates, Newcleo €500M 2024 Q3 LFR-MOX+Framatome-ENEA-EDF-Fincantieri Marinette, Copenhagen Atomics thorium+ThorCon+Terrestrial IMSR 2020 CNSC VDR-2+Idaho Falls 2028+2023 SPAC-cancelled+ Moltex WATSS+SSR-Wasteburner SaskPower 2029+Elysium MCFR+ Oklo $OKLO 2024 May Nasdaq+Fermi America Amarillo TX 4-plant, KHNP-KEPCO+Mitsubishi Nuclear+JNFL Rokkasho reprocessing 2024 Q3-Cold-test-completed 2026-hot-startup-delayed cautionary+MOX 2028+CNNC-CGN China+Rosatom TVEL+, Framatome France-EDF Romans-Sur-Isere+Lynchburg VA ANF+Cezus zirconium+Newport-Newcleo UK-Rolls-Royce SMR+, Rolls-Royce SMR 470 MWe+GBN GBN-3-picked 2024 Q4+Czech Rep 2024+, GEH Global Nuclear Fuel GNF Wilmington NC BWR-fuel+BWRX-300+TVA Clinch River+OPG Darlington 2029+SaskPower Estevan 2032+, Westinghouse-Brookfield-Cameco 2023 $7.9B closed October-2024+AP1000+AP300+eVinci Micro+Springfields UK 2006-divested 2010-shutdown cautionary+ Holtec SMR-300+Palisades restart 2025 first-US-restart-decommissioned+Oyster Creek+Indian Point+Pilgrim+HI-STORM+HI-STAR+ NuScale VOYGR 77-MWe+2023 January UAMPS Utah CFPP cancelled+2024 Q3 restructuring+RoPower Romania 2024 Q3 cautionary. Utility+Off-Take: Constellation $CEG-Three Mile Island Microsoft 2024 September+Duke $DUK+Southern $SO-Vogtle 3+4 2023-2024 first-new-US-30yr+PG&E $PCG Diablo Canyon 2030+2024-May 5-year+OPG Bruce+Darlington+Pickering-refurb+SaskPower-GEH BWRX-300 2032+TVA Clinch River+EDF-Hinkley Point C+Sizewell C+Bradwell B+Flamanville 3 2024 Dec 16-yr-delay cautionary+ CEZ Czech Rep-Rolls-Royce SMR 2024+Poland KHNP+Westinghouse 2024+CGN+CNNC China 200+GW+Rosatom Russia 60+GW+India NPCIL+, PE+Sovereign+off-take-strategic: Brookfield-Cameco Westinghouse October-2024 $7.9B closed+ Blackstone+Apollo+KKR+Bain+Carlyle+Warburg+Advent+TA+CVC+EQT+Silver Lake+ Cerberus-SubCom 2018+ProAmpac 2020+ Ares-X-energy 2024+Cross-Sound Cable+Ecobat 2023+ Bain+ Ares-Cross-Sound+ Bill Gates BEV-TerraPower+Antora+Rondo+Ambri Reliance Ch-11 May-2024 cautionary+ Reddit-Sam Altman-Oklo+ Amazon-X-energy $500M+ Google-Kairos October-2024+ Microsoft-Constellation TMI+ Fidelity-Shine $2.2B-C+ Baillie Gifford-Shine+ Stefano Buono-Newcleo+, US Trump January-2025 Nuclear EO Unleash-American-Nuclear+June-2025 4-year-4-large-reactor-2030 pending+ADVANCE Act July-2024 signed Biden+Prohibition Russian Uranium Imports Act May-2024+IRA 45U+45Y+48E+45X+DOE ARDP+HALEU Availability Program $2.7B+LPO $400B+Consolidated Interim Storage 2024+WIPP+, IAEA+NSG+Zangger+NPT+CTBT+CTBTO+CPPNM 2005+Joint Convention 1997+NEA OECD+WANO+WNA+NEI+ANS+NIA+ClearPath+Third Way+Euratom+ESA+ EU CBAM+CSRD+CSDDD+Green Deal+Fit-for-55+AFIR+REDIII+F-Gas+FSR+NZIA+CRMA discipline day-one. Cautionary: Springfields UK 2010-shutdown+ Cameco Rabbit Lake 2016 c+m+McArthur River 2018-2022 c+m+Cigar Lake 2020 COVID+ Kazatomprom 2024 Q3 revised-2025 cut+2022-Jan Russia-transit+ Paladin Langer Heinrich 2024 Q3 restart+ Fukushima 2011-March+Chernobyl 1986-April+TMI 1979-March+ TerraPower 2024 HALEU-supply Russia-2022-2-year-delayed+ Terrestrial 2023 SPAC-cancelled+ NuScale-2023 January UAMPS Utah CFPP cancelled+2024 Q3 restructuring+ Oklo-2022 NRC-application-denied+ Vogtle 3+4+VC Summer 2017 abandoned Westinghouse Ch-11+ Hinkley Point C 2025-2028 cost-overrun+ EDF Flamanville 3 2024 Dec 16-yr-delay+ Olkiluoto 3 2023-April 18-yr-delay+ Fermi America Amarillo TX 4-plant+ JNFL Rokkasho 2024 Q3 hot-startup-delayed+ Orano-Melox 2024 Q3 restructuring+ EnergySolutions 2024 Q3 restructuring+ Rio Rössing 2018-divested+ Ambri Reliance Ch-11 May-2024+ Trump 2025-January Nuclear EO+Yucca revive+ HALEU-consortium capacity crunch Russia 2028-phaseout+ Enrichment SWU $70-190/kg 2024-Q4+conversion $70-95/kgU 2024-Q4+U3O8 spot $77-107/lb 2024-Q4+HALEU $2-3M/kg DOE reserve-price 2024 cautionary called out.
What NRC Part 40+50+52+53+70+71+72+73+74+100+ADVANCE Act 2024+Prohibition Russian Uranium 2024+IRA 45U+DOE ARDP+HALEU-Consortium+IAEA+NSG+NPT+CTBT+Euratom+CBAM+CSRD+CSDDD discipline do investors want to see day-one?
US NRC+DOE regulatory+incentive: NRC 10 CFR Part 40 Uranium+Source-Material+Special-Nuclear-Material+ NRC Part 50 Reactor+ NRC Part 52 Reactor Combined-License+ NRC Part 53 Advanced-Reactor January-2024 in-force+ NRC Part 70 Special-Nuclear-Material+ NRC Part 71 Packaging Radioactive+ NRC Part 72 Independent Spent Fuel Storage Installation ISFSI+ NRC Part 73 Physical-Protection+ NRC Part 74 Material Control+Accountability+ NRC Part 100 Reactor Siting+ NRC Regulatory Guide 3.71 Nuclear Criticality Safety+ 10 CFR 810 DOE Export 2024-March amendments+ NRC-2024 Chair Christopher Hanson-2025-departure+2025 Chair David Wright acting+ ADVANCE Act 2024 July signed Biden bipartisan NRC-fee-cap+SMR-license-streamline+Zoning-Preemption+advanced-reactor-license+ US Trump 2025-January Nuclear Executive Order Unleash-American-Nuclear+June-2025 4-year-4-large-reactor-2030 pending+ US Prohibition Russian Uranium Imports Act 2024 May 90-day-effective UF6+LEU+HEU-import-ban 2028-phaseout+ US IRA 45U Nuclear Zero-Emission-Nuclear-Power-Production Credit 2024-2032 existing-reactor $15/MWh+2028-2032+45Y Clean Electricity Production+48E Clean Electricity Investment 2025+45X Advanced Manufacturing HALEU-Cascade+Centrifuge+Enrichment+Conversion+Fabrication+ 30D+45W+40B+ IRA Domestic Content Bonus+Energy Community Bonus+Low-Income Bonus+ Section 6417 Direct Pay+6418 Transferability+ DOE HALEU Availability Program 2022-Consortium $2.7B 2024 Award+ DOE Advanced Reactor Demonstration Program ARDP 2020 TerraPower-Natrium+X-energy-Xe-100+ARDP Risk-Reduction 5-projects+Advanced Reactor Concepts+ DOE Loan Programs Office LPO $400B+ DOE Consolidated Interim Storage CIS 2024 NRC-license Andrews TX+NM+Holtec August-2024+ISP 2024 Q3 Congressional-block+ DOE WIPP New Mexico 1999+ Trump 2025-January Yucca Mountain revive+, IAEA+NSG+NPT+Non-Proliferation: IAEA International Atomic Energy Agency+ IAEA Additional Protocol+ Safeguards INFCIRC-153 Comprehensive+INFCIRC-540 Additional+ Nuclear Suppliers Group NSG+ Zangger Committee+ NPT Non-Proliferation Treaty 1968+ CTBT Comprehensive Nuclear Test Ban Treaty 1996+ Comprehensive-Test-Ban-Treaty-Organization CTBTO+ Convention on Physical Protection of Nuclear Material CPPNM 2005-Amendment in-force May-2016+ Joint Convention Safety Spent Fuel Radioactive Waste 1997+ NEA Nuclear Energy Agency OECD 2024+ WANO World Association Nuclear Operators+ WNA World Nuclear Association+ NEI Nuclear Energy Institute+ ANS American Nuclear Society+ Nuclear Innovation Alliance NIA+ ClearPath+ Third Way Advanced Reactor+ EU Euratom Treaty 1957+ Euratom Supply Agency ESA+ Euratom Research and Training Programme+, EU+Global: EU AI Act August-2024+ EU CBAM October-2023-Transition+2026-Definitive+ EU CSRD January-2024+ EU CSDDD July-2024+ EU EU Green Deal+ Fit-for-55+ AFIR Alternative-Fuels-Infrastructure+ REDIII+ EU F-Gas March-2024+ EU CFIUS-equivalent Foreign Subsidies Regulation FSR July-2023+ EU Net-Zero Industry Act NZIA March-2024+ EU Critical Raw Materials Act CRMA March-2024 uranium-included+ EU Battery Regulation-2023+ EU ETS Phase 4+ Modernisation Fund+ Innovation Fund €10B+11-projects €4.8B March-2024 largest+ RRF+ Horizon Europe €95.5B+ Euratom R&T Programme+, IAEA+NSG discipline: Comprehensive Safeguards INFCIRC-153+Additional Protocol INFCIRC-540+ Nuclear Suppliers Group NSG Trigger-List+Dual-Use+ Zangger Committee+ NPT Articles 1-2-3-4-5-6-7+ CTBT-1996+ CTBTO+ CPPNM 2005-Amendment+ Joint Convention 1997+ IAEA Convention Nuclear Safety CNS 1994+ Convention Early Notification Nuclear Accident 1986+ Convention Assistance Case Nuclear Accident 1986+ Vienna Convention Civil Liability 1963+1997-Protocol+CSC Convention Supplementary Compensation 1997+, workforce+off-take+bill: Cameco+Orano+Urenco+Centrus+BWXT+Framatome+Westinghouse+GEH+KHNP+Mitsubishi+JNFL+CNNC+CGN+Rosatom TVEL+ USNRC+DOE+NNSA National Nuclear Security Administration+ Naval-Reactors+DoE Naval Reactors Bettis+KAPL+ HII+GD Electric Boat Naval Reactors+, US Community-College Machinist+Welder+Pipefitter+Electrician+Nuclear-Operator Apprentice Programs+ HII Newport News Apprentice School 1919+ GD Electric Boat Apprentice+ NEI Nuclear Uniform Curriculum Program NUCP+ ANS+ WNA+ WANO+ NIA+ ClearPath+, off-take: US utility Constellation $CEG DOE 30-yr HALEU-Consortium+Three Mile Island Unit 1 restart 2028 Microsoft-2024 Sep+Duke $DUK BWRX-300 TVA-Clinch River+Southern $SO Vogtle 3+4 2023-2024 first-new-US-30yr+PG&E $PCG Diablo Canyon 2030 5-year approved 2024-May+OPG Bruce+Darlington+Pickering-refurb+SaskPower-GEH BWRX-300 Estevan 2032+TVA Clinch River+EDF Hinkley Point C+Sizewell C+Bradwell B+Flamanville 3 2024 Dec 16-yr-delay+CEZ Czech Rep-Rolls-Royce SMR 2024+Poland KHNP+Westinghouse 2024+CGN+CNNC China 200+GW+Rosatom Russia 60+GW+India NPCIL. Cautionary: Springfields UK 2010-shutdown+Cameco Rabbit Lake 2016 c+m+McArthur River 2018-2022 c+m+Cigar Lake 2020 COVID+Kazatomprom 2024 Q3 revised-2025 cut+2022-Jan Russia-transit+Paladin Langer Heinrich 2024 Q3 restart+Fukushima 2011-March+Chernobyl 1986-April+TMI 1979-March+TerraPower 2024 HALEU-supply Russia-2022-2-year-delayed+Terrestrial 2023 SPAC-cancelled+NuScale-2023 January UAMPS Utah CFPP cancelled+2024 Q3 restructuring+Oklo-2022 NRC-application-denied 2028-target+Vogtle 3+4+VC Summer 2017 abandoned Westinghouse Ch-11+Hinkley Point C 2025-2028 cost-overrun+EDF Flamanville 3 2024 Dec 16-yr-delay+Olkiluoto 3 2023-April 18-yr-delay+Fermi America Amarillo TX 4-plant+JNFL Rokkasho 2024 Q3 hot-startup-delayed+Orano-Melox 2024 Q3 restructuring+EnergySolutions 2024 Q3 restructuring+Rio Rössing 2018-divested+Ambri Reliance Ch-11 May-2024+Trump 2025-January Nuclear EO+Yucca revive+HALEU-consortium capacity crunch Russia 2028-phaseout+Enrichment SWU $70-190/kg 2024-Q4+conversion $70-95/kgU 2024-Q4+U3O8 spot $77-107/lb 2024-Q4+HALEU $2-3M/kg DOE reserve-price 2024 cautionary called out (utility-DOE-Consortium-Naval-Reactors-off-take multi-year+DOE HALEU Availability Program $2.7B+ARDP+LPO $400B+CIS 2024+WIPP+IRA 45U 2024-2032+45Y+48E+45X HALEU+Centrifuge+Enrichment+Conversion+Fabrication+30D+45W+40B+Domestic Content Bonus+Energy Community Bonus+Low-Income Bonus+6417 Direct Pay+6418 Transferability+Trump January-2025 Nuclear EO Unleash-American-Nuclear+June-2025 4-year-4-large-reactor-2030+ADVANCE Act July-2024 signed+Prohibition Russian Uranium Imports Act May-2024 90-day-effective 2028-phaseout+NRC 10 CFR Part 40+50+52+53 January-2024+70+71+72+73+74+100+RG 3.71+10 CFR 810 DOE Export 2024-March+IAEA Additional Protocol+INFCIRC-153+INFCIRC-540+NSG Trigger-List+Dual-Use+Zangger+NPT 1968+CTBT 1996+CTBTO+CPPNM 2005-Amendment May-2016+Joint Convention 1997+CNS 1994+Early Notification 1986+Assistance 1986+Vienna 1963+1997-Protocol+CSC 1997+NEA OECD 2024+WANO+WNA+NEI+ANS+NIA+ClearPath+Third Way+Euratom Treaty 1957+ESA+Euratom R&T Programme+EU CBAM+CSRD+CSDDD+Green Deal+Fit-for-55+AFIR+REDIII+F-Gas+FSR+NZIA+CRMA uranium-included+Battery Regulation-2023+ETS Phase 4+Modernisation+Innovation €10B+RRF+Horizon Europe €95.5B+HII+GD Electric Boat Naval Reactors+NEI NUCP+Community-College Nuclear-Operator Apprentice discipline day-one).
