Conditional funding announced for US fusion-based isotope facility

Molybdenum-99 (Mo-99) is used in hospitals to generate technetium-99m, a critically important diagnostic imaging radioisotope. The isotope is usually produced by irradiating uranium targets – often made from high-enriched uranium, seen as a proliferation risk – in only a few research reactors around the world. The USA currently relies on imports from Europe, South Africa and Australia for its Mo-99 supply, but the isotope decays rapidly, meaning that about one third of the volume and value of a consignment is lost during cross-continental transportation, according to SHINE. Chrysalis will “shore up global supply chains … eliminating logistical vulnerabilities while providing secure, reliable domestic supply”, the company said.

SHINE’s process uses fusion and a liquid uranium target that is recycled, an approach the company says reduces both the volume of radioactive waste and the operating costs. After more than 15 years of “significant” collaboration with US National Laboratories and support from the Department of Energy’s (DOE) National Nuclear Security Administration (NNSA), the company says, this conditional commitment to SHINE Chrysalis LLC, through the DOE Office of Energy Dominance Financing, “is instrumental in demonstrating the reliability and safety of SHINE’s fusion-based approach, which provides a modern, sustainable alternative to aging nuclear reactors”.

Once fully operational, the Chrysalis facility in Janesville, Wisconsin, will be the largest medical isotope production facility in the world, the company said. While focused on Mo-99 production, it will also be able to source other critical isotopes, including iodine-131 and xenon-133.

“The SHINE Chrysalis project is vital to improving the nuclear supply chain and contributing to a strong next-generation nuclear workforce while onshoring this critical production and improving national security,” Office of Energy Dominance Financing Director Gregory Beard said.

Matthew Napoli, NNSA’s Deputy Administrator for Defense Nuclear Nonproliferation, described SHINE as “the key to ending reliance on imports of foreign-produced Mo-99 and ensuring US patients have reliable access to American-made medical isotopes”. NNSA leadership and funding, and technical support from US national laboratories, had “enabled the company to go from an idea on paper to a commercial facility that is 75% complete”, he added. The conditional loan “will get this project across the finish line, and SHINE’s market entry will be a major win for American nuclear medicine, fusion technology, and nuclear nonproliferation leadership”.

   

  • Related Posts

    SGE to cooperate with Spanish fuel manufacturers

    SGE said the two agreements will “strengthen the company’s capabilities in nuclear fuel strategy, procurement preparation, and supply-chain development”. Under the agreement with Enusa, SGE will work on developing a…

    US Air Force names potential SMR hosts

    The Advanced Nuclear Power for Installations (ANPI) programme was launched in 2024 by the Defense Innovation Unit in collaboration with the Department of the Army and the Department of the…

    Have You Seen?

    Investors See Oil Below $90 a Barrel by Year-End, BofA Survey Finds

    • April 14, 2026
    Investors See Oil Below $90 a Barrel by Year-End, BofA Survey Finds

    US Power and Natgas Prices Turn Negative in Texas and California as Mild Weather Cuts Demand

    • April 14, 2026
    US Power and Natgas Prices Turn Negative in Texas and California as Mild Weather Cuts Demand

    BP’s New CEO to Simplify Company Structure into Upstream, Downstream Units

    • April 14, 2026
    BP’s New CEO to Simplify Company Structure into Upstream, Downstream Units

    BP Flags Exceptional Oil Trading Profit as Middle East War Drives Q1 Volatility

    • April 14, 2026
    BP Flags Exceptional Oil Trading Profit as Middle East War Drives Q1 Volatility

    HSBC Sees A U.S.-Iran Deal As Key To Restoring Oil and Gas Flows

    • April 14, 2026
    HSBC Sees A U.S.-Iran Deal As Key To Restoring Oil and Gas Flows

    ANZ Raises Brent Forecast to $90 as Hormuz Blockade Removes 10 Million Bpd

    • April 14, 2026
    ANZ Raises Brent Forecast to $90 as Hormuz Blockade Removes 10 Million Bpd

    Nomura: Full U.S. Blockade Could Cut Off Another 2.3 Million Bpd Oil Supply

    • April 14, 2026
    Nomura: Full U.S. Blockade Could Cut Off Another 2.3 Million Bpd Oil Supply

    Philippines Asks Washington to Extend Russian Oil Waiver

    • April 14, 2026
    Philippines Asks Washington to Extend Russian Oil Waiver

    Russia places temporary export controls on helium

    • April 14, 2026
    Russia places temporary export controls on helium

    EU signs off on €3.7bn Czech biomethane production subsidies

    • April 14, 2026
    EU signs off on €3.7bn Czech biomethane production subsidies