The Global Nuclear Fuel and Waste Management Market was valued at US$ 11.69 Billion in 2023 and is projected to reach US$ 16.04 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period (2024–2030). This growth is being driven by the global expansion of nuclear power capacity, stringent regulatory frameworks for radioactive waste disposal, and accelerating investments in advanced recycling and long-term storage technologies.
As the world intensifies its focus on low-carbon energy security, the nuclear industry is undergoing a significant transformation. The spotlight is on the key companies driving innovation in nuclear fuel fabrication and pioneering the safe, permanent management of radioactive waste. In this blog, we profile the Top 10 Companies in the Nuclear Fuel and Waste Management Industry—a mix of global energy leaders, specialized engineering firms, and waste management pioneers shaping the future of the nuclear fuel cycle.
🔟 1. Veolia Environnement S.A.
Headquarters: Paris, France
Key Offering: Comprehensive radioactive waste treatment, decommissioning services, environmental remediation
Veolia is a global leader in optimized resource management and a key player in the nuclear services sector. Through its subsidiary Veolia Nuclear Solutions, the company provides end-to-end services for the treatment, conditioning, and disposal of low- and intermediate-level radioactive waste from nuclear power plants, research facilities, and medical institutions.
Sustainability & Innovation Initiatives:
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Development of advanced vitrification and cementation technologies for waste stabilization
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Global projects for nuclear facility decommissioning and site remediation
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Commitment to circular economy principles in waste management
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9️⃣ 2. Westinghouse Electric Company LLC
Headquarters: Cranberry Township, Pennsylvania, USA
Key Offering: Nuclear fuel fabrication, fuel engineering services, waste management solutions
Westinghouse is a pioneering nuclear technology company with a century-long legacy. It is a leading global supplier of nuclear fuel, services, and waste management technologies, serving utility customers worldwide. The company’s integrated approach covers the entire fuel cycle, from uranium enrichment to spent fuel management.
Sustainability & Innovation Initiatives:
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Leading developer of advanced nuclear fuel designs, including Accident Tolerant Fuel (ATF)
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Expertise in spent fuel pool management and interim storage solutions
8️⃣ 3. Bechtel Corporation
Headquarters: Reston, Virginia, USA
Key Offering: Engineering, procurement, and construction (EPC) for nuclear facilities, waste management infrastructure
Bechtel is one of the world’s premier engineering, construction, and project management companies, with extensive experience in the nuclear sector. The company has been involved in building a significant portion of America’s nuclear power plants and is a leader in the design and construction of complex nuclear waste treatment facilities, such as the Waste Treatment Plant at Hanford.
Sustainability & Innovation Initiatives:
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Pioneering work on vitrification plants for high-level nuclear waste
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Leadership in the safe decommissioning of legacy nuclear sites
7️⃣ 4. Orano Group
Headquarters: Châtillon, Hauts-de-Seine, France
Key Offering: Uranium mining, conversion, enrichment, fuel fabrication, spent fuel recycling
Orano is a major international player in the nuclear fuel cycle. The company is renowned for its industrial expertise in uranium services and its world-leading capabilities in nuclear fuel recycling. Orano’s La Hague plant in France is a cornerstone of the global nuclear waste management landscape, reprocessing spent fuel to reduce volume and recover reusable materials.
Sustainability & Innovation Initiatives:
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Approximately 96% of spent nuclear fuel is recyclable; Orano’s processes enable this recovery
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Development of next-generation recycling technologies to further minimize final waste
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6️⃣ 5. Fluor Corporation
Headquarters: Irving, Texas, USA
Key Offering: Nuclear decommissioning, waste management, EPC services for nuclear projects
Fluor is a global engineering and construction firm with a robust nuclear division. The company provides integrated services for the life cycle of nuclear assets, including the design and construction of new nuclear power plants and the complex task of decommissioning old ones. Fluor’s subsidiary, NuScale Power, is also advancing small modular reactor (SMR) technology.
Sustainability & Innovation Initiatives:
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Expertise in large-scale environmental cleanup projects for the U.S. Department of Energy
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Development of innovative project delivery models for nuclear waste management
5️⃣ 6. Holtec International
Headquarters: Jupiter, Florida, USA
Key Offering: Spent fuel storage systems (HI-STORM, HI-STAR), decommissioning services, SMR technology
Holtec International is a diversified energy technology company with a dominant position in the spent nuclear fuel storage market. The company’s dry cask storage systems are used by nuclear power plants worldwide to safely store spent fuel onsite. Holtec is also actively developing a centralized interim storage facility in the U.S. and advancing its own SMR design.
Sustainability & Innovation Initiatives:
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Global leader in dry cask storage technology, enhancing safety and security
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Pursuing licenses for consolidated interim storage facilities to address national waste challenges
4️⃣ 7. EnergySolutions (a Northwind Group Company)
Headquarters: Salt Lake City, Utah, USA
Key Offering: Low-level radioactive waste disposal, decommissioning, logistics
EnergySolutions is a leading provider of specialized nuclear services, focusing primarily on the management and disposal of low-level radioactive waste. The company operates one of the only licensed commercial disposal facilities for such waste in the United States. It offers comprehensive services, from waste characterization and transportation to final disposal.
Sustainability & Innovation Initiatives:
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Operating critical national infrastructure for the disposal of low-level radioactive waste
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Development of advanced waste processing techniques to reduce volumes for disposal
3️⃣ 8. Posiva Oy
Headquarters: Eurajoki, Finland
Key Offering: Deep geological repository for spent nuclear fuel
Posiva is a Finnish company founded by nuclear power plant operators Fortum and TVO. It is a global pioneer in the final disposal of spent nuclear fuel. Posiva is constructing the world’s first deep geological repository, ONKALO, which is designed to safely isolate spent fuel from the environment for hundreds of thousands of years.
Sustainability & Innovation Initiatives:
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Pioneering the implementation of the KBS-3 method for final disposal, a globally recognised solution
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Setting the international benchmark for long-term nuclear waste management safety
2️⃣ 9. JGC Holdings Corporation (including JW Company of JGC Japan)
Headquarters: Yokohama, Japan
Key Offering: Nuclear decommissioning engineering, waste treatment facilities
JGC Holdings is a major Japanese engineering company with significant expertise in the energy and nuclear sectors. The company is heavily involved in the complex decommissioning program for the Fukushima Daiichi Nuclear Power Plant, providing critical engineering solutions for fuel debris retrieval, wastewater treatment, and waste management.
Sustainability & Innovation Initiatives:
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Leading-edge R&D in remote robotics and waste processing technologies for severe accident sites
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Contributing to the development of a sustainable framework for managing legacy nuclear wastes
1️⃣ 10. US Ecology Inc. (a subsidiary of Republic Services, Inc.)
Headquarters: Boise, Idaho, USA
Key Offering: Hazardous and radioactive waste management, treatment, and disposal
US Ecology is a leading provider of environmental services, specializing in the treatment and disposal of hazardous, industrial, and radioactive waste. The company operates a network of treatment and disposal facilities across North America, serving a wide range of industries, including the nuclear sector, by providing compliant and safe waste management solutions.
Sustainability & Innovation Initiatives:
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Safe management of Naturally Occurring Radioactive Material (NORM) and Technologically Enhanced NORM (TENORM)
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Investment in infrastructure to meet the growing demand for specialized waste disposal services
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Nuclear Fuel and Waste Management Market – View in Detailed Research Report
🌍 Outlook: The Future of Nuclear Fuel and Waste Management is Secure and Circular
The nuclear fuel and waste management market is undergoing a strategic evolution. While the demand for reliable nuclear fuel continues to grow, the industry is investing heavily in closed-fuel-cycle technologies, advanced storage solutions, and permanent disposal facilities to ensure environmental stewardship.
📈 Key Trends Shaping the Market:
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Accelerated development of Deep Geological Repositories (DGRs), following Finland’s lead
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Growing adoption of Advanced Recycled Fuels and Accident Tolerant Fuels (ATF) to enhance efficiency and safety
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Expansion of Consolidated Interim Storage facilities to address backlogged spent fuel inventories
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Increased public-private partnerships to fund and develop long-term waste management infrastructure
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Nuclear Fuel and Waste Management Market – View in Detailed Research Report
The companies listed above are not only enabling clean, baseload power generation—they are building the essential infrastructure for a safe and sustainable nuclear future.
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