According to a 2021 McKinsey report, we’ll need more than 1.5 TW of long-duration storage by 2040 to maintain grid reliability.

Already in mid-April, August power prices for Dallas soared to $168.70 a megawatt-hour, which was the highest level in five years for this time of the year,

There are many reasons the U.S. utility grid requires an estimated $2.5t upgrade by 2035, from crumbling infrastructures to keeping up with the increased demand of electrification efforts, all balanced against increasingly volatile weather events.

the world’s 60 largest lenders had provided around $705bn in financing in 2023 alone.

The passage and signing of this law will ensure the U.S. will no longer be reliant on imported uranium fuel from the Russian Federation.

The legislation is designed to reduce US reliance on Russian uranium for nuclear fuel following Russia's 2022 invasion of Ukraine.

US production of 82,533 pounds U3O8 (32.1 tU) in the first quarter of 2024 was the highest Q1 production since 2018 and almost 80% more than production for the whole of 2023.

The transition would also require the electricity sector to invest between $8 – 80 trillion per year over the period in electricity storage facilities, depending on the ultimate cost of electricity storage infrastructure.

According to its 2023 annual report to the US Securities & Exchange Commission, Russia’s Tenex is Centrus’s largest supplier of SWU, followed by French company Orano. Centrus has commitments with Tenex for the supply of Russian enrichment services (in the form of SWU) to 2028.

The US Senate April 30 approved legislation aimed at banning imports of Russian low-enriched uranium that is produced in Russia or by a Russian entity.