Global inventory: $148B — global SNF inventory at $500/kg
Potential served market: $1.2B by 2035 → $12B+ by 2050
HALEU market: $2.2B (2030) → $6.2B (2035)
Market Overview
Market dynamics, technology positioning, and commercial pathway.
Company Position
BLSK Energy is commercializing pyroprocessing — a proven electrochemical technology for converting used nuclear fuel into metal fuel for next-generation reactors. Through a unique CRADA with Argonne National Laboratory, BLSK is advancing a technical and institutional position built around Argonne's demonstrated program and the current regulatory pathway.
BLSK Energy's market position is characterized by:
Technology Maturity
The technology has been demonstrated at engineering scale for 30 years. The remaining work is commercialization, not scientific proof of concept.
Potential Applications
Waste management, fuel production, and technology licensing are potential applications for the platform.
Policy and Market Context
Policy changes, AI-driven energy demand, and advanced reactor fuel constraints shape the current market context.
The Global Feedstock
Worldwide Used Fuel Inventory
- tonnes Heavy Metal (tHM)
- 296,000
- Countries
- 17
- Energy Remaining
- 95%
Inventory data as of 2020. U.S. inventory now exceeds 95,000 tHM (~2,000 tHM/yr growth).
Source: Stimson Center (2020); IAEA/WNA annual discharge rates; BLSK deck (2026)
Used nuclear fuel inventories are growing worldwide. The U.S. alone holds more than 95,000 tonnes — and adds ~2,000 tonnes per year. Globally, inventories are growing at ~7,850 tHM/year, with a 17% increase over the past five years.
153,463
North America (tHM)
51.8% of global inventory
+43,175
5-Year Growth (tHM)
17% increase globally (2020–2026)
Market Scale
BLSK Assets and Workstreams
01
Unique CRADA with Argonne National Laboratory, where pyroprocessing was demonstrated at engineering scale
02
Principal Investigator relationship with Dr. Yoon Il Chang — the inventor of the technology
03
Completed conceptual design for 100 T/yr and 400 T/yr facilities (Landmark Foundation CRADA, 2013–2018)
04
Active 60-month program for detailed engineering and NRC licensing preparation
05
Architect-engineer (Merrick & Company) under MOU
06
Teaming agreement with EnergySolutions for site-related and waste-management services
07
Institutional knowledge from Argonne's decades of fuel-cycle work
08
Current work program designed to advance from national-lab demonstration to deployable infrastructure
09
Advisory board of recognized leaders in commercial nuclear power, nuclear engineering, and finance
Together, these assets define BLSK's current commercialization work program.
Information on this website is provided for general informational purposes only. It is not an offer to sell or a solicitation of an offer to buy securities, and it should not be used as the basis for any investment decision. Statements about future plans, markets, costs, facilities, approvals, partnerships, financing, or commercial outcomes are forward-looking and subject to risks and uncertainties; actual results may differ materially.