Ban on Russian uranium helps US build nuclear fuel capacity, official says
WASHINGTON - The U.S. has been preparing since 2022 for the possibility that Russian President Vladimir Putin would stop selling it nuclear power fuel, and a pending ban on Russian imports will help boost domestic capacity to process uranium fuel, the outgoing top nuclear energy official told Reuters.
But Kathryn Huff, the DOE's assistant secretary for nuclear, who steps down on Friday, told Reuters the U.S. is prepared for any scenario. And the imports ban would unlock $2.7 billion from previous legislation for building out the domestic uranium industry. In the U.S., the Vogtle nuclear plant in the state of Georgia, opened this week after years of delay. But no new construction is on the books, leading to concern the U.S. will not be able to meet Biden's 2050 goal of decarbonizing the economy.
Holtec, which got a $1.5 billion DOE loan in March, will have to refurbish the plant to get approval from U.S. regulators, Huff said. "I fully expect it will operate better than it was operating before once they complete those refurbishments."
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