Scott Nolan believes that HALEU is the most urgent need in the market today, emphasizing its importance in enhancing the efficiency of new high-tech reactors.
Nolan's ambitions with General Matter include establishing domestic HALEU production and significantly reducing its costs, which currently fluctuate between $25,000 to $35,000 per kilogram.
General Matter aims to halve HALEU enrichment costs and fulfill the market's strong demand, positioning itself amidst a competitive landscape in uranium production.
The U.S. Department of Energy has initiated a push for domestic HALEU production, with plans to invest $2.7 billion in contracts to support companies like General Matter.
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