First American Nuclear Headquarters and Energy Park in Indiana

planned

First American Nuclear, a startup developing a fast-spectrum small modular reactor, plans to invest over $4 billion to establish its headquarters in Indianapolis, Indiana, and develop a nuclear plant and energy park in the state. The energy park will be the first closed-fuel cycle in the U.S., designed to reprocess and reuse spent nuclear fuel on-site, eliminating 97% of long-lasting nuclear waste. The project includes the deployment of the EAGL-1 Small Modular Reactor, which generates 240 megawatts of electricity with a smaller footprint than traditional plants.