NNSA Release: Purchase of the LeMond Carbon Facility in Oak Ridge, Tennessee will help Y-12 overcome aging facilities challenge
The National Nuclear Security Administration (NNSA) completed its acquisition of the LeMond Carbon Facility in Oak Ridge, Tennessee, near the Y-12 National Security Complex on December 15. The acquisition marks NNSA’s successful conclusion of a first-ever Option to Purchase Agreement, which gives NNSA the opportunity to obtain flexible production development space.
NNSA’s use of an Option to Purchase Agreement provides infrastructure modernization without the need for new construction. With this novel approach, NNSA is accelerating delivery of modern facilities while providing the time necessary to complete federally mandated due diligence by securing the rights to purchase the facility.
Read the full press release on the NNSA website.