DOE's commitment of $500 million in IRA dollars may not be enough. Building private sector confidence in the emerging HALEU market could require up to $2.9 billion more in additional federal funding.

DOE is estimating that 500 to 750 GW of clean, firm power — including 200 GW of new nuclear — will be needed to reach net-zero emissions economy-wide by 2050.

Decarbonizing the US economy by 2050 will require doubling nuclear energy generation by deploying 100 GW of advanced reactors, according to reports by the NIA.

President Biden invoked the Defense Production Act to step up the production of rare minerals critical to his administration's clean energy goals.