Centrus Energy Corp.
Centrus Energy Enters Major EPC Agreement for Ohio Facility Expansion
Summary
Centrus Energy Corp. has entered into an engineering, procurement, and construction (EPC) agreement with Fluor Federal Services, Inc. for the design, engineering, procurement, construction, and commissioning of its commercial uranium enrichment facility in Piketon, Ohio. This agreement is a significant part of Centrus's previously announced multi-billion-dollar expansion plan. Fluor, with its extensive experience in managing complex nuclear construction projects, will lead engineering, supply chain management, construction oversight, and commissioning support. The expansion is expected to involve substantial investment over several years and is aimed at addressing a substantial commercial backlog and growing demand for Low-Enriched Uranium (LEU) and High-Assay, Low-Enriched Uranium (HALEU). The agreement includes provisions for scope modifications, indemnification, limitations of liability, and termination rights.
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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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