US awards $2.7 billion to boost domestic nuclear fuel production

The United States has taken a major step toward securing its nuclear fuel supply chain, with the Department of Energy awarding $2.7 billion in contracts to bolster domestic uranium enrichment services. The investment, announced on Monday, is designed to support the existing reactor fleet and future advanced nuclear technologies over the next ten years.

The contracts and strategic goal

Three companies—American Centrifuge Operating, General Matter, and Orano Federal Services—are each set to receive $900 million under the initiative. An additional $28 million was awarded to Global Laser Enrichment to advance next-generation enrichment technology. Energy Secretary Chris Wright stated the awards demonstrate the administration's commitment to "restoring a secure domestic nuclear fuel supply chain."

Framed as a 'nuclear renaissance'

The substantial funding is aligned with former President Donald Trump's stated objective of achieving greater energy independence. Secretary Wright described the investment as catalyzing a "nuclear renaissance" to strengthen American security and prosperity. The policy reflects a broader strategic shift among major powers to secure access to critical minerals and fuel cycles deemed vital for both energy and national security.

Global context and energy security trends

This move mirrors a growing global trend where nations prioritize control over strategic energy resources. For countries like Türkiye, which is also investing in nuclear energy for diversification and has historically emphasized energy security, the U.S. decision underscores the critical importance of developing indigenous capabilities and securing supply chains in an increasingly competitive and fragmented global energy landscape, where resource nationalism is resurgent.