General Matter

Last year, General Matter launched to restore U.S. leadership in nuclear enrichment and power America’s ambitions. Today, the Department of Energy awarded us a $900M contract to build and operate HALEU enrichment capacity for the nation’s nuclear energy needs. Under this decade-long, milestone-based contract, General Matter will build domestic HALEU enrichment capacity, fueling the next generation of American nuclear power and enabling American leadership in AI, manufacturing, and other critical industries. Earlier this year, we announced a partnership with the Department of Energy to reindustrialize the former Paducah Gaseous Diffusion Plant. This award accelerates that plan and will make Paducah, Kentucky the cornerstone of the U.S. enrichment once again. Rebuilding U.S. domestic enrichment capacity will reduce our reliance on foreign providers, strengthen our nuclear industrial base, and lower energy costs for utilities and consumers. American reactors need American uranium. In partnership with the Department of Energy, we will deliver it.

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.

General Matter is enriching uranium for the US. We will revive nuclear fuel production in America. We chose to do this not because it’s easy, and not because it’s hard, but because it needs doing. Nothing gets made if fuel isn’t made. America’s ambitions, from manufacturing to AI, all require nuclear. It’s the only source of energy that is reliable, scalable, and clean. It’s not only our future but our present, powering almost half of our clean energy and roughly 20% of our grid today. But the US is forced to look abroad for our nuclear fuel. Despite pioneering the technology, we’ve since outsourced enrichment to allies, competitors, and even adversaries. We didn’t just give up the lead. We’re no longer even in the game. It’s time to enrich. For the past year, General Matter has been incubated within Founders Fund, with a team from SpaceX, Tesla, Anduril, national labs, and the DOD. We are undertaking an engineering challenge which, if successful, will fundamentally improve the trajectory of our nation. The raw material is embedded in the bedrock beneath our feet. America’s future is written in stone. We are turning our potential into power, and exceptional talent is needed. Join us.