Trump Orders Nuclear Energy Revival
Trump Orders Nuclear Energy Revival
US president Donald Trump signed executive orders (EO) in May to boost the country’s nuclear sector. The EO reflects that it took the US nearly 40 years to add the same amount of nuclear capacity as another developed nation [China] added in 10 years, and that 87% of nuclear reactors installed worldwide since 2017 are based on designs from two foreign countries. The EO said “swift and decisive action is required to jumpstart America’s nuclear energy industrial base and ensure our national and economic security by increasing fuel availability and production,” and securing civil nuclear supply chains.
The order tasked the Secretary of Energy with several deliverables within specified timeframes. Within 120 days, the Secretary of Energy must develop a plan to expand domestic uranium conversion capacity and enrichment capabilities to meet projected civilian and defense reactor needs for low enriched uranium (LEU), high enriched uranium (HEU) and high assay and low enriched uranium (HALEU). Within 30 days, the Secretary of Energy shall seek voluntary agreements with domestic nuclear energy companies for the procurement of LEU and HALEU under section 708(c)(1) of the Defense Production Act of 1950. The Secretary of Energy, through the Department of Energy Loan Programs Office, shall prioritize the restart of closed nuclear power plants, increasing power output of operating nuclear power plants, completing construction of nuclear reactors that were prematurely suspended, constructing new advanced nuclear reactors, and improving all associated aspects of the nuclear fuel supply chain. Within 180 days, the Secretary of Energy shall prioritise funding for qualified advanced nuclear technologies through grants, loans, investment capital, funding opportunities, and other Federal support.
Paul Harris
Paul has more than twenty years’ experience in the mining sector in investor relations, communications, research and news reporting roles. Paul has 16 years’ experience in the Colombia gold sector including investor relations roles with Continental Gold, Gran Colombia Gold and Mineros.
Paul founded the successful Colombia Gold Symposium in 2016 and has written for industry leading publication Mining Journal since 2015. Previously, Paul spent five years in Chile reporting and researching the copper sector for CRU and Metal Bulletin. Paul received a BA in Business Administration from the University of the West of England, UK; and a MA in International Relations from the University of Chile, Santiago Chile. He is fluent in English and Spanish.
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