Uranium supplier announces $60 million Tennessee expansion as U.S. ramps up nuclear power [Fortune]
Avis Budget Group, Inc. (CAR)
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Source: Fortune
The expansion by Centrus Energy at its massive facility in Oak Ridge comes as the U.S. ramps up its reliance on nuclear power as a climate change solution . The Tennessee facility, which stretches 440,000 square feet, is where they make and test 40-foot-high centrifuges that will be transported to the company's enrichment facility in Piketon, Ohio. The company gave reporters a tour Wednesday, showing off the centrifuges but covering other classified equipment with tarps. Centrus is one of several companies working on enriching uranium in the U.S., which is currently dependent on foreign providers. Russia has about 44% of the world's uranium enrichment capacity, supplying some 35% of U.S. imports for nuclear fuel, according to the Department of Energy. Just last week, Russia announced it would temporarily limit its exports of enriched uranium to the U.S. in response to the U.S. deciding to ban Russian uranium starting in 2028. Western nuclear operators have been looking for suppli
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