FluxPoint Targets US Fuel Independence
The project aims to reduce reliance on foreign processing with production start targeted for 2030–2031.
FluxPoint Energy, a Texas-based nuclear fuel startup that officially launched at the recent CERAWeek conference, has launched an initiative to strengthen the US nuclear fuel supply chain and to restore domestic uranium conversion capabilities. FluxPoint Energy, headquartered in Houston (Texas) and McLean (Virginia) is developing what it expects to be the first US uranium conversion facility in more than seven decades.
“Uranium conversion has become an unacceptable chokepoint in a global supply chain still dominated by foreign providers.”
Currently, the US has only one commercial conversion facility – Metropolis Works in Illinois – and relies heavily on foreign-controlled processing. The Metropolis Works originally owned by Honeywell, was built in 1958 to meet military but also supplied UF6 for civilian use starting in the late 1960s. The plant was idled in 2017 due to a global oversupply and restarted in July 2023 following upgrades. ConverDyn – a joint venture of Honeywell and General Atomics acted as the exclusive marketing and sales agent for all UF6 produced at the plant.
The facility, originally owned by Honeywell, was spun off as Solstice Advanced Materials in late 2025. It has a nominal capacity of approximately 15,000 tonnes a year, representing almost 20% of global production capacity. Following the spin-off, the marketing joint venture structure remains in place, now as a partnership between Solstice and General Atomics.
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