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. The investment from LIS Technologies marks the third-largest nuclear-related investment since the creation of TNECD’s Nuclear Energy Fund. Thew new LIS Technology facility in Oak Ridge 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. The announcement follows recent funding LIS Technologies received from the U.S. Department of Energy (DOE). In 2024, the company was selected by the DOE as one of six domestic companies to participate in the Low-Enriched Uranium (LEU) 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.