Centrus Energy Corp.
Centrus Energy Initiates Domestic Centrifuge Manufacturing for LEU Enrichment
Summary
Centrus Energy Corp. has announced the commencement of domestic centrifuge manufacturing to support commercial Low-Enriched Uranium (LEU) enrichment activities at its Piketon, Ohio, facility. This initiative aims to leverage a multi-billion-dollar uranium enrichment expansion to meet a growing backlog of $2.3 billion in contingent LEU sales to U.S. and international customer contracts. The project is expected to create thousands of U.S. advanced manufacturing jobs and is supported by Department of Energy funding, private capital, and commercial contracts. The first new production capacity is expected to come online in 2029.
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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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