LIS Technologies to expand Oak Ridge Operations

Laser Isotope Separation (LIS) Technologies officials announced the company will expand its operations in Oak Ridge, investing $1.38 billion and creating 203 new jobs. It is the third-largest nuclear-related investment since the creation of TNECD’s Nuclear Energy Fund. The new LIS Technology facility will locate on the historic K-25 uranium enrichment site and is intended to become the first U.S.-origin commercial laser uranium enrichment plant in the world, supporting U.S. utilities, next-generation reactor developers, and national defense requirements, while helping to reestablish a resilient domestic nuclear fuel supply chain. In 2024, the company was selected by the Department of Energy as one of six domestic companies to participate in the Low-Enriched Uranium  Enrichment Acquisition Program. Founded in 2023 with its office and laser enrichment research and development headquartered in Oak Ridge in the recently renovated K-1330 building, LIS Technologies is the seventh company to locate in Tennessee for its commercial operations utilizing the Nuclear Energy Fund.