Economics of nuclear power plants to the extent of 3.4 billion pounds. In general, coal and nuclear plants have the same types of operating costs (operations and maintenance plus fuel costs). However, nuclear has lower fuel costs but higher operating and maintenance costs. Nuclear plants require fissile fuel. Generally, the fuel used is uranium, although other materials may be used (See MOX fuel). In 2005, prices on the world market for uranium averaged US$20/lb (US$44.09/kg). On 2007-04-19, prices reached US$113/lb (US$249.12/kg). On 2008-07-02, the price had dropped to $59/lb. Fuel costs account for about 28% of a nuclear plant's operating expenses. As of 2013, half
Nuclear Fuel Services Nuclear Fuel Services Nuclear Fuel Services Inc. (NFS) is an American company that has been a major supplier of fuel for the United States Navy's fleet of nuclear-powered vessels since the 1960s. In recent years it has also reprocessed weapons-grade uranium into nuclear reactor fuel. It operates a gated complex in Erwin, Tennessee. NFS is a subsidiary of BWX Technologies, Inc. The company has emerged as America's leader in converting surplus weapons-grade uranium from U.S. Cold War stockpiles into valuable low-enriched uranium fuel material to power commercial nuclear power plants. Known as downblending, the proprietary NFS process is currently being