Biden Offers Firms Millions To Break Russia's HALEU Uranium Monopoly

"But critics say the administration is ignoring a key source of a special kind of nuclear fuel."

"The Biden administration showed up to last month’s global climate summit in Dubai with a radical new plan to replace coal and compete again with Russia and China over a technology American scientists pioneered.

The United States led nearly two dozen other nations in a pledge to triple the world’s supply of nuclear power by 2050. While most of the reactors under construction in other countries today are Russian models, the U.S. promoted its growing slate of high-tech startups with cutting-edge reactor designs as an American alternative to working with the Kremlin.

The big problem with that pitch? The small, next-generation nuclear reactors companies like the one billionaire Bill Gates backs are designed to run on a potent but rare type of uranium fuel with only one commercial supplier on the market: the Russian government."

Alexander C. Kaufman reports for HuffPost January 9, 2024.

Source: HuffPost, 01/12/2024