OAK RIDGE, Tenn. – Tennessee Gov. Bill Lee, Deputy Gov. and Department of Economic and Community Development Commissioner Stuart C. McWhorter and Laser Isotope Separation Technologies officials announced today the company will expand in Roane County.
LIS Technologies will create 203 jobs and invest $1.38 billion in an Oak Ridge, Tennessee, facility on the formerly named Duct Island. This announcement marks the third-largest nuclear-related investment since the creation of TNECD’s Nuclear Energy Fund.
Upon completion, the Oak Ridge facility, which will locate on the historic K-25 uranium enrichment site, is intended to become the first U.S.-origin commercial laser uranium enrichment plant in the world, supporting U.S. utilities, next-generation reactor developers and national defense requirements while helping to reestablish a resilient domestic nuclear fuel supply chain…