The single largest capital investment in Western Kentucky has been announced.
Global Laser Enrichment, or (GLE), has announced plans to develop the Paducah Laser Enrichment Facility.
The proposed $1.76-billion dollar project will create 240 new high-wage positions in McCracken County.
GLE’s 665-acre Paducah site is strategically located adjacent to the U.S. Department of Energy’s former Paducah Gaseous Diffusion Plant.
The Laser Enrichment Facility is currently under license application review by the Nuclear Regulatory Commission.
Once licensed, the facility is expected to re-enrich over 200,000 metric tons of depleted uranium under a 2016 contract with the U.S. Department of Energy.
This will accelerate the Department of Energy’s site cleanup mission, reducing long-term federal costs, and providing a new fuel source for nuclear power generation.
Company CEO Stephen Long said GLE is proud to reassert Kentucky’s leadership with the world’s most advanced uranium enrichment technology.
