New Company Throws Hat Into Uranium Conversion Ring
Officially launched at CERAWeek 2026, held last week in Houston, Texas, FluxPoint Energy has unveiled plans to develop what it expects to be the first new U.S. uranium conversion facility in more than 70 years, a move aimed at strengthening America’s nuclear fuel supply chain.
The Houston- and McLean, Va.–based company plans to convert uranium oxide into uranium hexafluoride (UF₆), a critical intermediate step in producing fuel for the nation’s existing nuclear reactors as well as next-generation technologies under development.
FluxPoint’s announcement comes amid growing federal and industry efforts to onshore critical nuclear fuel infrastructure and enhance U.S. energy security.
The company must also secure long‑term customer commitments in a market historically reliant on foreign conversion providers while rebuilding specialized technical and workforce capabilities that have atrophied in the United States over decades of limited domestic investment.
FluxPoint is not the only newcomer eyeing the conversion market. United States Uranium Refining & Conversion Corp., a wholly owned subsidiary of the mining company Uranium Energy Corp., announced in March that it plans to begin pre-application engagement with the Nuclear Regulatory Commission as it conducts engineering and design activities with Fluor for a planned uranium conversion facility.
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