Framatome Inc. 1(48C Self-Disclosed)

Framatome's project entails modification of an existing uranium processing facility originally designed and licensed for processing uranium enriched up to 5 wt% 235U, commonly known as LEU (low enriched uranium). The investments in this facility will not only advance manufacturing capability but will also assure that essential scrap, unirradiated uranium recycling capabilities are also upgraded. These modifications will increase the allowable enrichment that can be safely received and processed to a higher, economically and environmentally beneficial level for use in building light water reactor (LWR) fuel.

The U.S. Department of Energy (DOE) released applicant self-disclosed information for 22 projects across 17 states that voluntarily shared with DOE that they received a total of nearly $1 billion in allocations from the Qualifying Advanced Energy Project Credit (48C). Nine of the self-disclosed projects indicated they are located in 48C energy communities – communities with closed coal mines or coal plants—showcasing the Biden Administration’s commitment to investing in America’s energy communities.