Washington Commits $2.7 Billion to Break Russia’s Grip on Nuclear Fuel
Yahoo Finance·2026-01-07 01:00

The U.S. Department of Energy will award orders totaling 2.7billiontothreecompaniesoverthenext10yearstoboostdomesticuraniumenrichmentinabidtolowerthecountry’sdependenceonRussiansupply.AmericanCentrifugeOperating,awholly−ownedsubsidiaryofMaryland−basedCentrusEnergyCorp.(NYSE:LEU),OranoFederalServices,theU.S.armofthemajorFrenchnuclearcompany,OranoSAandPeterThiel−backednuclearfuelenrichmentstartupGeneralMattersecured2.7 billion to three companies over the next 10 years to boost domestic uranium enrichment in a bid to lower the country’s dependence on Russian supply. American Centrifuge Operating, a wholly-owned subsidiary of Maryland-based Centrus Energy Corp. (NYSE:LEU), Orano Federal Services, the U.S. arm of the major French nuclear company, Orano SA and Peter Thiel-backed nuclear fuel enrichment startup General Matter secured 900 million each while Global ...