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Advanced fuels announcement
08 May 2024 NewsToday, the UK Government announced funding of £196m to Urenco to support the build of an advanced fuels facility at our Capenhurst enrichment site in the northwest of England.
This will help to facilitate the Department of Energy Security and Net Zero’s High Assay Low Enriched Uranium (HALEU) Programme, announced in January.
HALEU is uranium enriched up to 20% and will be needed to fuel advanced reactor designs, providing clean, cheap and secure nuclear energy.
Boris Schucht, CEO of Urenco, said: “The responsibility the nuclear industry has to help governments and customers to achieve climate change and energy security goals is clear.
“We welcome this government investment, which will help accelerate the development of a civil HALEU commercial market and in-turn the development of the next generation of nuclear power plants. These plants will have even higher safety standards and lend themselves to quicker licensing and construction processes.
“Urenco has the knowledge and experience to play a leading role in the production of HALEU and other advanced fuels, operating securely under inter-governmental treaties to ensure the peaceful use and safeguarding of nuclear technology.”
See the full announcement from the UK Government’s Department of Energy Security and Net Zero (DESNZ), here.
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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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