General Matter signs a DOE lease to build a $1.5 billion enrichment plant at Paducah, Kentucky

General Matter/Paducah enrichment plant

General Matter leased 100 acres at the former Paducah Gaseous Diffusion Plant from the Department of Energy, with at least 7,600 cylinders of uranium hexafluoride to re-enrich. The $1.5 billion project would create about 140 jobs; construction was expected in 2026 and enrichment in 2034. Paducah enriched uranium from 1952 until 2013.

• 100-acre parcel plus at least 7,600 cylinders of UF6 feed.
• $1.5 billion project, about 140 full-time jobs.
• Construction expected 2026; enrichment planned for 2034 at the time.
• DOE picked General Matter in Oct 2024 as one of four HALEU enrichment suppliers.