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Urenco’s first capacity expansion to be at its US site
06 July 2023 Global NewsUrenco has approved an investment to expand enrichment capacity at its US site in New Mexico, known as UUSA.
The project will see multiple new centrifuge cascades added to an existing plant, and will be the first project to be delivered as part of Urenco’s capacity programme, which will strengthen the nuclear fuel supply chain both in the US and globally.
The capacity programme is a long term plan to extend and refurbish enrichment capacity at our sites to meet increasing customer demand as more countries and utility companies turn to nuclear for the first time, or seek to extend and/or diversify fuel supplies for existing nuclear operations.
The combination of the climate crisis and energy security concerns in the light of the changed geopolitical situation is resulting in a greater demand for nuclear energy and Urenco’s enrichment services.
New commitments from US customers for non-Russian fuel underpin this investment, which will provide an additional capacity of around 700 tonnes of SWU per year, a 15 per cent increase at UUSA, with the first new cascades online in 2025.
CEO Boris Schucht said: “Urenco is committed to supporting customers with their energy security and carbon reduction needs and this investment is a further sign of the exciting momentum behind nuclear, a reliable and low-carbon source that can maintain baseload energy and help us achieve net zero.
“We have the licenses, designs, technology and proven capability to expand our capacity, and we are already seeing an increase in demand for our services from existing customers and new ones.
“As a leading enrichment company in the Western world, we have the duty to respond to the needs of the market. We will continue to monitor, forecast and support our customers and governments as we look to take further investment decisions across our enrichment sites.”
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About Urenco
Urenco is an international supplier of uranium enrichment services, fuel cycle products and related solutions with sustainability at the core of our business. Operating in a pivotal area of the nuclear fuel supply chain for over 50 years, Urenco understands the importance of energy security and facilitates the reliable delivery of low carbon electricity generation for consumers around the world.
With its head office in London, UK, Urenco’s global presence ensures diversity and security of supply for customers through enrichment facilities in Germany, the Netherlands, the UK and the USA. Through our technology and the expertise of our people, the Urenco Group provides safe, cost effective and reliable services, operating within a framework of high environmental, social and governance standards, complementing international safeguards.
Urenco is making a positive contribution to global climate change goals through our core business and we are committed to achieving net zero carbon emissions by 2040.
We are committed to continued investment in the responsible management of nuclear materials; innovation activities with clear sustainability benefits, such as nuclear medicine, industrial efficiency and research; and nurturing the next generation of scientists and engineers.
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