General Matter is bringing uranium enrichment back to the United States, starting at the site where the U.S. enrichment industry was born. We’ve signed a lease with the Department of Energy to establish the nation’s first U.S.-owned, privately developed uranium enrichment facility at the former Paducah Gaseous Diffusion Plant. Seventy-five years ago, the U.S. Atomic Energy Commission selected Paducah to help lead the nation’s original enrichment efforts. Today, we are proud to return to and rebuild this historic site to power a new era of American energy independence. This is a multi-decade, one hundred-acre lease with the Department of Energy. On these one hundred acres, we will produce the fuel needed for the next generation of nuclear energy, central to America’s aspirations in AI, manufacturing, and other critical industries. We will end reliance on foreign adversaries for the nuclear fuel powering 20% of our grid. We will enrich uranium by the end of the decade. U.S. leadership in enrichment will allow us to lead once again in nuclear energy. This lets us lead in everything downstream of safe, clean baseload power: AI, manufacturing, the economy. Today marks the beginning of America’s restored leadership in nuclear enrichment. We thank our partners in Kentucky and at the Department of Energy for supporting us in this landmark investment in American nuclear infrastructure. We are just getting started, and exceptional talent is needed. Join us.

Last year, I sat down with @ScottNolan to talk about the company he was incubating at Founders Fund. Today, General Matter, a new uranium enrichment company, officially launched. 12 years in the making and only just getting started.