Centrus Energy signed a Memorandum of Understanding with Korea Hydro & Nuclear Power (KHNP) and POSCO International to explore potential investment in the expansion of its uranium enrichment plant in Piketon, Ohio.
The agreement is part of deepening U.S.-Korea cooperation on civilian nuclear energy and reflects the demand for U.S.-owned uranium enrichment capabilities.
This agreement sets the framework for private investments to support enrichment expansion in the market.
Memorandum of Understanding Signed
Centrus signed an MOU with KHNP and POSCO International to explore potential investment in uranium enrichment plant expansion.
Increased Enriched Uranium Supply Volume
Agreement to increase the supply volume of enriched uranium under the contract signed in February 2025.
Federal Funding Dependency
The supply commitment for expanded volumes is contingent upon Centrus receiving necessary federal funding for new LEU production capacity.
- The agreement aims to enhance supply diversity and competition in the marketplace.
- Centrus is competing for federal funding to expand U.S. enrichment capacity, crucial for competing against state-owned enterprises dominating the market.
The agreement with KHNP and POSCO International signifies a significant step towards expanding Centrus' enrichment capacity, highlighting the demand for U.S.-owned uranium enrichment capabilities and the role of private investments in the market.