Nuclear Fuel Cycle Services (CI-NFCS)
Closing America's nuclear fuel cycle: storage, reprocessing, and reactor fuel.
Executive Summary
Nuclear Fuel Cycle Program (NFCP) integrates spent nuclear fuel (SNF) storage, canister manufacturing, and advanced reprocessing into a vertically integrated enterprise. The centerpiece is a multinational Independent Spent Fuel Storage Installation (ISFSI) engineered for 44,000 metric ton capacity, providing centralized storage with continuous revenue while funding advanced reactor fuel cycle development.
The Problem
Over 400,000 metric tons of SNF sit at 129 U.S. locations with no permanent repository after decades of failed attempts. Global inventories grow by 10,000 metric tons annually. Underground repositories face astronomical costs and environmental opposition. On-site storage is reaching capacity, creating regulatory bottlenecks that threaten nuclear expansion at exactly the moment decarbonization demands it.
The Solution
The ISFSI program centralizes SNF storage regionally, generating recurring storage revenue—benchmarked against Russia’s reprocessing rate. Phase two deploys proprietary technology converting SNF into uranium oxide and plutonium oxide without conventional UREX/PUREX acid processes—eliminating aqueous waste streams entirely. Extracted plutonium provides fuel feedstock for CI’s advanced reactor program, closing the nuclear fuel cycle.
Market Opportunity
The global SNF management market exceeds $15B annually at 7% CAGR, driven by 440+ operating reactors and 60+ under construction. The dry storage cask market alone reached $2.4B in 2025. CI’s ISFSI model addresses a $66B revenue opportunity from existing global stockpiles plus $15B+ annually from new accumulation.
Strategic Advantages
Proprietary non-acid reprocessing eliminates the primary environmental objection to fuel cycle closure. Vertically integrated model captures storage fees, canister manufacturing, reprocessing, and fuel fabrication revenue. SNF canisters recyclable with fuel—a unique closed-loop feature. Reprocessed plutonium feeds CI’s Gen V reactor, creating captive demand. Technology vetted by six U.S. National Laboratories and DARPA.
Execution Readiness
Site selection and regulatory framework under development. Reprocessing designed for fully automated robotic hot cell configuration—eliminating human exposure. Nuclear licensing and regulatory affairs leadership in place. Model validated against international comparables (Russia’s Mayak, France’s La Hague).
Key Facts
- ▸400,000+ metric tons of SNF at 129 U.S. locations with no permanent repository
- ▸Proprietary non-acid reprocessing eliminates environmental objections
- ▸Nuclear Waste Fund ($47B+) backing de-risks storage revenue
- ▸Vertical integration from storage through reprocessing to reactor fuel
Market Opportunity
$15B+ annual SNF management market at 7% CAGR
Financial Detail — NC-9 Data Room
Detailed financial projections, valuation, and capital requirements for CI-NFCS are available to qualified investors in the NC-9 Data Room.
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