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Canada's Cameco Signs Exclusive Offtake Agreement to Lock Up All Future Output from U.S. Paducah Laser Enrichment Plant

Canadian nuclear fuel giant Cameco has signed a new exclusive offtake agreement with Global Laser Enrichment (GLE), under which Cameco will purchase all nuclear fuel products from the future production of the Paducah Laser Enrichment Facility (PLEF) that GLE plans to build in Kentucky, United States. This major agreement was formally announced by Australia's Silex Systems. GLE was founded in 2007 to develop and commercialize laser-based uranium enrichment technology in the United States. The company is currently 51% owned by Silex Systems, the developer of SILEX laser enrichment technology, and 49% by Cameco. Silex Chief Executive Officer and Managing Director Mike...

2026-09-17

NextEra and Brookfield Plan $100 Billion Data Center Campus at Former Paducah Uranium Enrichment Site in the U.S.

NextEra Energy and Brookfield Asset Management plan to develop a data center campus and supporting power generation facilities with a total investment exceeding $100 billion at a federally owned former uranium enrichment site in Paducah, Kentucky, USA. The project is located on or near the U.S. Department of Energy (DOE) Paducah site. According to relevant announcements, the campus is expected to provide over 1.2 gigawatts of data center computing capacity and deliver up to 1.8 gigawatts of power to the grid. The project is scheduled to begin operations in 2028 and reach full development approximately four years later; other information indicates that overall construction is expected to be completed around 2031.

2026-07-30