A new nuclear fuel factory is coming soon to the United States of America.
What’s happening:
- Westinghouse Electric Company has committed approximately $1B USD to building a new nuclear fuel facility located in Hopkins, South Carolina
Why it matters:
- The new planned facility is widely considered to be the first new fleet-scale nuclear fuel factory to be constructed in the United States in more than 50 years
Going deeper:
- Westinghouse Electric Company has publicly stated that they will fabricate low enriched uranium above 5% grades at their planned facility in South Carolina
- Westinghouse Electric Company’s AP1000 is notably the only large nuclear reactor design that is certified by the Nuclear Regulatory Commission and is in commercial operations in the United States
The intrigue:
- Westinghouse Electric Company previously made major waves when they filed a Form S-1 with the United States Securities and Exchange Commission to IPO
