The Ohio Nuclear Development Consortium Act proposes the creation of a state-backed, for-profit public benefit corporation, capitalized with $2 billion from Ohio’s Unclaimed Funds Trust, to spark a generational leap in HALEU fuel production, advanced nuclear energy, nuclear waste remediation, isotope production, Municipal Solid Waste consumption, and industrial innovation. The Ohio Nuclear Development Authority (ONDA) will manage a minimum 10% ownership stake in the ONDC for Ohio Unclaimed Funds and oversee a mandatory 1:1 private-sector capital match, ensuring market participation, financial accountability, and zero taxpayer liability. The ONDC will have an irrevocable mission to commercialize modular, fast-spectrum molten salt reactors, produce critical isotopes for medical and defense applications, convert waste into clean energy, and generate ultra-clean transportation fuels. A $200 million cash reserve will be maintained to pay unclaimed fund claims promptly. We believe this $2 billion investment will leverage at least $10 billion in investment from the federal government to the private sector.
