Radian Energy plans to create 250 high-paying jobs in Wyoming's nuclear sector

The Wyoming Legislature's Joint Minerals, Business & Economic Development Committee meeting on May 22, 2025, highlighted significant developments in the state's nuclear energy sector, particularly with the announcement that Radian, a nuclear reactor developer, has been selected by the Department of Energy (DOE) to receive an allotment of high-assay low-enriched uranium (HALU). This decision is expected to bolster Radian's commercial capabilities and support its plans to fuel its reactor at the Idaho National Lab Dome facility next year.

Radian's CEO emphasized that the company's selection among five recipients of HALU not only legitimizes its progress but also underscores the limited commercial capabilities in the U.S. for nuclear fuel enrichment. The company, founded in late 2019, has raised approximately $225 million, with a portion tied to federal grants. This funding is crucial as Radian prepares to finalize contracts for fuel fabrication, which is essential for the timely operation of its reactor.

During the meeting, committee members raised questions about Radian's decision to establish operations in Wyoming, noting the state's favorable business environment, including no personal or corporate income tax and significant manufacturing exemptions. While Radian's leadership acknowledged these factors, they clarified that their decision was based on a broader assessment of Wyoming's business climate rather than specific legislative incentives.

Concerns were also expressed regarding the fiscal impact of Radian's operations on the state, particularly given that many of their contracts may be with the government, which does not contribute to state tax revenues. Radian representatives assured the committee that their operations would create high-paying jobs, with projections of at least 75 jobs at the outset and potentially up to 250 jobs as they scale operations. Additionally, the company is involved in a significant capital project estimated at over $300 million.

As Radian moves forward, the implications for Wyoming's economy could be substantial, particularly in job creation and investment in the nuclear energy sector. The committee's discussions reflect a growing interest in harnessing nuclear technology for both commercial and governmental applications, positioning Wyoming as a potential leader in this emerging field.