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 is backed by public and private funding, including significant Department of Energy support and commercial contracts.
This strategic move aims to meet the growing backlog of contingent LEU sales to U.S. and international customers and expand production capabilities to include High-Assay, Low-Enriched Uranium (HALEU).
Industrial-Scale Manufacturing Commencement
Centrus Energy officially announced the start of its industrial-scale centrifuge manufacturing build for commercial LEU enrichment to meet growing customer demands and expand production capacities.
Financial Backing
The company has secured substantial funding via Department of Energy support, private capital raises, customer contracts, third-party investments, and potential direct foreign investments to fund its uranium enrichment expansion.
National Security Focus
Centrus' AC100M centrifuge technology is the only U.S.-origin enrichment technology ready for national security missions, aiding in securing critical contracts with the National Nuclear Security Administration.
- Centrus' expansion is expected to create thousands of advanced manufacturing jobs in the U.S., including construction and operating roles in Ohio and direct jobs at manufacturing plants across the nation.
- The project marks a significant milestone in reclaiming American nuclear leadership and reducing dependence on foreign state-owned enterprises for uranium enrichment, especially with the upcoming ban on Russian enriched uranium imports.
The launch of commercial LEU enrichment activities by Centrus Energy signifies a pivotal moment in U.S. uranium enrichment history, emphasizing the company's commitment to growth and innovation in the nuclear industry. With strong financial backing and strategic partnerships, Centrus is poised for substantial expansion and market impact in the coming years.