How a HALEU bank could work

Lack of a long-term, reliable source of high-assay low-enriched uranium (HALEU) fuel represents a critical risk to the deployment of advanced reactors, which could be a key source of carbon-free electricity in the future. However, a HALEU fuel bank could resolve the conundrum facing advanced reactor developers and potential HALEU fuel suppliers by supporting the production of HALEU for advanced reactors and resolving the uncertainty faced by reactor developers and their potential customers and sources of financing.