If you recall from the AGM presentation, MG also added that there was some language in the HALEU RFP that was unfriendly. I suspected this might be the case which is why I posed the question as to why GLE didn't apply. Alongside it being not the most immediate opportunity (LEU and tails win that race by a clear margin) and if the DOE agreement had terms which locked all supply to US only utilities, or has some sort of price cap mechanism etc, then it could quite quickly turn from being a grant that you want, to one you are better off without. Given the cash flow that is possible just from tails and LEU, funding the HALEU site will be zero issue for GLE on its own merits in time. And GLE may also come into the market with a cost advantage (certainly over centrifuge and we will see what tech General Matters are working on)
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$3.86 |
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