OAK RIDGE, Tenn. (WATE) — Tennessee Governor Bill Lee announced a $1 billion investment to bring a new laser uranium enrichment facility to Oak Ridge Friday morning.
The Tennessee Department of Economic and Community Development released that Laser Isotope Separation Technologies will create 203 jobs and invest $1.38 billion in a facility, which will be located at the historic K-25 uranium enrichment site, will house the first U.S.-origin commercial laser uranium enrichment plant in the world on LIST Island, formerly named Duct Island.
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According to TNECD, this is the third largest nuclear-related investment since the TNECD’s Nuclear Energy Fund’s creation.
“For me, this is about making life better for the people that live in the state of Tennessee,” Lee said. “Creating more opportunity for a better way of life, that raises the quality of life in a state that’s already the best place in the country to live, and we thank you for your investment.”…