If we can bring enrichment back to America, we’ll be less reliant on other countries for our energy needs.
We’ll play our part in contributing to the nuclear renaissance. And with an abundance of clean, cheap, reliable baseload power, we’ll help bring electricity costs down. politico.com/newsletters/di…
"History has shown that there's a lot of value in building something simple that works and can be made at low cost per unit of output." politico.com/newsletters/di…
@generalmatter delivered its application to build a uranium enrichment facility, advancing next gen nuclear fuel production and strengthening America’s nuclear energy supply chain. The NRC will thoroughly review the application to ensure it meets all requirements.
Enrichment is coming home, and now even sooner.
@ENERGY has selected General Matter for the Nuclear Energy Launch Pad, a program that expands DOE authorization to the fuel supply chain and other nuclear technologies. inl.gov/news-release/n…
We applaud the @WhiteHouse Ratepayer Protection Pledge and the tech companies who committed to covering their power needs and investing in the US grid. These commitments will advance domestic energy abundance while benefitting households.
The Pledge aligns with General Matter's BYOE vision: nuclear-enabled, 110% capacity expansion for affordability and energy security.
x.com/generalmatter/…
NEW IN PIRATE WIRES: America is relearning something it forgot — you can’t make power without fuel.
This week, the U.S. Department of Energy announced a $2.7b investment in American uranium enrichment, a capability we effectively abandoned in the 90s. Obama shut down America’s last remaining enrichment facility in 2013.
Three companies won $900m each. Two are legacy players. One is a startup: General Matter.
Founder @ScottNolan tells us General Matter’s facility in Kentucky, on the site of the exact same facility Obama shut down, will use the $900m to meet all domestic demand for high-assay low-enriched uranium (used by advanced nuclear reactors) years ahead of schedule.
Today, ~70% of our nuclear fuel currently comes from foreign countries, and Russia is one of our biggest suppliers. This is obviously a risk to our grid, and to our national security.
American reactors need American fuel. For the first time in decades, they’re about to get it. Full story from @HarrisSockel 👇
Our mission is simple: rebuild uranium enrichment at industrial scale to power America's ambitions.
This award accelerates our roadmap to satisfy all domestic HALEU demand years ahead of schedule.
More on @FoxNews@MariaBartiromo:
Last year, General Matter launched to restore U.S. leadership in nuclear enrichment and power America’s ambitions. Today, the Department of Energy awarded us a $900M contract to build and operate HALEU enrichment capacity for the nation’s nuclear energy needs.
Under this
Last year, General Matter launched to restore U.S. leadership in nuclear enrichment and power America’s ambitions. Today, the Department of Energy awarded us a $900M contract to build and operate HALEU enrichment capacity for the nation’s nuclear energy needs.
Under this decade-long, milestone-based contract, General Matter will build domestic HALEU enrichment capacity, fueling the next generation of American nuclear power and enabling American leadership in AI, manufacturing, and other critical industries.
Earlier this year, we announced a partnership with the Department of Energy to reindustrialize the former Paducah Gaseous Diffusion Plant. This award accelerates that plan and will make Paducah, Kentucky the cornerstone of the U.S. enrichment once again.
Rebuilding U.S. domestic enrichment capacity will reduce our reliance on foreign providers, strengthen our nuclear industrial base, and lower energy costs for utilities and consumers.
American reactors need American uranium. In partnership with the Department of Energy, we will deliver it.
The U.S. nuclear industry died because our government didn’t innovate fast enough. One start-up wants to fix that, @seantfischer reports. thefp.com/p/americas-nuc…
Nuclear fuel is the bottleneck for American ambitions.
Today, U.S. companies perform less than 1% of global enrichment. Reliance on foreign interests ends with our facility in Paducah.
More on @FoxNews@MariaBartiromo:
General Matter is bringing uranium enrichment back to the United States, starting at the site where the U.S. enrichment industry was born.
We’ve signed a lease with the Department of Energy to establish the nation’s first U.S.-owned, privately developed uranium enrichment
in 2013, america closed its last uranium enrichment plant, and lost the capacity to produce its own nuclear fuel. today, general matter signed a lease with the DOE to enrich in paducah, kentucky, bringing the very site we closed back to life.
44 Followers 423 FollowingInvestor | Raw thoughts on tech and venture | building something or thinking about it? let's chat | @PennMandT, Travelling & @Bengals