Despite new federal spending, the missing ingredient for advanced nuclear power remains a buyer willing to commit early
This week, the Department of Energy announced $2.7 billion in grants to expand domestic uranium enrichment.This is a positive step because enrichment capacity is critical to sustain current reactors and enable growth. But, after years of concern about nuclear fuel supply, the move is being treated as a turning point for advanced nuclear power in the United States.
It isn’t—at least not in the way markets actually work.