Centrus Energy Corp.
Centrus Energy Signs MOU for Potential Investment in U.S. Uranium Enrichment
Summary
On August 25, 2025, Centrus Energy Corp. announced a non-binding Memorandum of Understanding (MOU) with Korea Hydro & Nuclear Power (KHNP) and POSCO International to explore potential investment to support the expansion of Centrus' uranium enrichment plant in Piketon, Ohio. The MOU also includes plans to explore additional opportunities for cooperation, such as supply agreements for Low-Enriched Uranium (LEU) and High-Assay, Low-Enriched Uranium (HALEU). This agreement provides a framework for future private investments to support the expansion, contingent on federal funding. Centrus is competing for funding from the U.S. Department of Energy to expand U.S. enrichment capacity.
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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.
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