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A private uranium plant in Kentucky, backed by $1.5B in funding and federal support, will open by 2030 to cut U.S. reliance on foreign uranium.
A privately funded uranium enrichment plant, led by General Matter and backed by $1.5 billion in investment, will be built in Paducah, Kentucky, at the site of a former government facility.
The project, supported by federal contracts and executive actions from both Trump and Biden administrations, aims to reduce U.S. reliance on foreign uranium, especially from Russia, whose imports were banned with waivers extending to 2028.
With electricity demand projected to rise 50% by 2050, the facility is seen as key to expanding domestic nuclear fuel production, gaining bipartisan support.
General Matter plans to begin operations by 2030, though details about its enrichment technology remain undisclosed, raising concerns among experts and local residents about transparency, safety, and environmental impacts.
Una planta privada de uranio en Kentucky, respaldada por $ 1.5B en financiamiento y apoyo federal, se abrirá para 2030 para reducir la dependencia de EE.UU. de uranio extranjero.