Commonwealth of Pennsylvania
05/06/2026 | Press release | Distributed by Public on 05/06/2026 14:05
Shapiro Administration Breaks Ground on New TerraPower Isotopes Manufacturing Facility in Philadelphia
May 06, 2026 - Philadelphia, PA
Shapiro Administration Breaks Ground on New TerraPower Isotopes Manufacturing Facility in Philadelphia
Department of Community and Economic Development (DCED) Secretary Rick Siger highlighted Pennsylvania's $10 million investment supporting TerraPower Isotopes project at a groundbreaking ceremony for the nuclear innovation company's new radioisotope manufacturing facility that will help develop cancer-fighting drugs in Philadelphia's Bellwether District. The $450 million project, announced by Governor Josh Shapiro in March, will create at least 225 new jobs in Pennsylvania's strong life sciences industry.
TerraPower Isotopes' 250,000-square-foot facility will produce actinium-225 for use in the development of cancer treatments. The company will be another major tenant at the Bellwether District, a 1,300-acre state-of-the-art commercial redevelopment project underway in South and Southwest Philadelphia that is reimagining the former Philadelphia Energy Solutions refinery into a hub for economic development, advanced manufacturing, and innovation.
Before selecting the Bellwether District, TerraPower Isotopes evaluated more than 350 potential sites across the United States in a rigorous site selection process that included 49 site visits in eight metropolitan areas.
"Pennsylvania is aggressively competing for - and winning - major innovation projects, and today's groundbreaking with TerraPower Isotopes is proof of that," said Secretary Siger. "Our strategic $10 million grant helped to secure more than $450 million in private investment that will create hundreds of high-quality jobs, further positioning Pennsylvania as a national and global leader in life sciences."
Speaker List:
Sumit Verma, Co-founder, Orchestra Life Sciences
Mayor Cherelle L. Parker, City of Philadelphia
City Council President Kenyatta Johnson, City of Philadelphia
Secretary Rick Siger, Department of Community and Economic Development
Scott Claunch, President, TerraPower Isotopes
Andrew Chused, Chief Investment Officer, HRP Group
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