Centrus Energy has initiated domestic centrifuge manufacturing to support commercial Low-Enriched Uranium (LEU) enrichment activities at its Piketon, Ohio facility.
The company's expansion involves a multi-billion-dollar uranium enrichment capacity expansion, positioning it as a key player in the U.S. nuclear industry.
The strategic move aims to meet a growing backlog of $2.3 billion in contingent LEU sales to U.S. and international customers.
Strategic Manufacturing
Commencement of industrial-scale centrifuge manufacturing signifies Centrus' commitment to meeting escalating LEU customer demands.
Financial Support
Public and private funding, including DOE funding, convertible note transactions, and customer contracts, underpin Centrus' significant expansion plans.
Operational Impact
The project is set to create thousands of U.S. advanced manufacturing jobs, promising economic growth and securing domestic uranium enrichment capacity.
- Centrus' move to expand uranium enrichment capacity represents a substantial advancement in U.S.-owned domestic uranium enrichment, signaling a pivotal transformation in the industry.
- The company's initiatives not only aim to address the increasing demand for nuclear power but also contribute to national security by providing deployment-ready U.S.-origin enrichment technology.
Centrus Energy's launch of commercial LEU enrichment activities marks a crucial step towards meeting market demands, fostering economic growth, and ensuring national security through U.S.-origin enrichment technology.