This story was last updated at 5:30 a.m. Sept. 7.
Two companies that have operations or employees in Oak Ridge are exploring a collaboration for the possible production of fuel for advanced nuclear reactors.
The two companies, X Energy LLC and Centrus Energy Corporation, announced Wednesday that they have signed a memorandum of understanding for the potential collaboration.
They are expected to put together a business plan for the fuel fabrication business. It’s not clear how long that might take, said Jeremy Derryberry, Centrus Energy senior communications manager.
But the companies are working toward the development of a fuel fabrication facility that could possibly be in Oak Ridge, where Centrus, formerly known as USEC, has had operations for about 15 years.
“We really think that Oak Ridge can be a nexus for the advanced reactor industry in the U.S. going forward,” Derryberry said in a telephone interview Wednesday.