The United States' only operational commercial enriched uranium plant announced a significant expansion to quickly heat up the nuclear fuel race with AI "electricity theft."

Currently, the only commercial uranium enrichment company in the United States, Urenco USA, announced on Tuesday that it will make a "multi-billion dollar" investment to increase its existing low-enriched uranium production capacity by 50%. Urenco stated that this investment will be used to expand its factory in New Mexico. The company plans to use gas centrifuge enrichment technology to add 2.1 million SWU of uranium enrichment capacity. The expansion project will involve the construction of up to 24 centrifuge cascades production lines, with the first batch of production lines expected to be operational by 2032, and the remaining production lines to be installed and put into operation gradually between 2032 and 2036.