Centrus Energy Corp.
Centrus Energy Subsidiary Wins DOE Award to Expand LEU Production
Summary
Centrus Energy Corp. announced that its subsidiary, American Centrifuge Operating, LLC, has won a U.S. Department of Energy award aimed at expanding domestic commercial production of Low-Enriched Uranium (LEU). The award, with a minimum contract value of $2 million and a maximum value of $3.4 billion over ten years, marks the third selection for Centrus under a DOE program to restore America's domestic nuclear fuel supply for LEU. Centrus plans to invest $60 million over 18 months to scale up production in Ohio using American technology and a domestic supply chain.
Profitelligence Alerts
Get alerts for LEU
Be first to know when Centrus Energy Corp. files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Centrus Energy Corp.
Centrus Energy Corp. is a diversified energy company focusing on the supply of nuclear fuel and services for the global nuclear power industry. The primary function of the company is to provide enriched uranium, a critical component in the production of nuclear energy. Centrus Energy plays a significant role in the nuclear fuel cycle, participating in activities that range from uranium enrichment to nuclear fuel sales. This firm is vital to the power generation sector, particularly in regions where nuclear power is a significant energy source. With its versatile offerings, Centrus Energy engages with both domestic and international markets, reflecting its strategic importance in maintaining the reliability and efficiency of nuclear energy production. Its operations ensure the availability of supply chains for nuclear power plants, contributing to energy security and environmentally sustainable energy solutions. Headquartered in Bethesda, Maryland, Centrus continues to support the transition towards cleaner energy alternatives and remains a key player in the evolving landscape of global energy production.
Official SEC Documents
Advertisement