Biggest US Nuclear Fuel Enricher Is Scaling Up in Bet on AI Boom ($OKLO)

Urenco announced plans to increase uranium enrichment capacity at its New Mexico facility by nearly 50%, significantly expanding the only commercial-scale uranium enrichment plant currently operating in the United States. The expansion is being driven by rising demand for nuclear fuel, growing interest in new reactor construction, and efforts to replace Russian nuclear fuel services following U.S. restrictions on imports from Russia. Urenco stated that the investment is supported by long-term customer commitments and reflects increasing confidence in the future growth of nuclear energy. The project will add 2.1 million separative work units (SWU) of annual capacity on top of an ongoing expansion already underway. Initial production from the new capacity is expected in 2032, with full deployment planned by 2036. The announcement highlights the broader trend of renewed investment across the nuclear fuel supply chain as utilities, reactor developers, and governments work to secure domestic fuel sources and prepare for increased nuclear power demand in the coming decades.