WASHINGTON, D.C. and BETHESDA, Md. — Advanced Reactor Concepts, LLC, and Centrus Energy Corp. (NYSE American: LEU) have signed a letter of intent to cooperate in supporting deployment of U.S. uranium enrichment capacity to produce High Assay, Low Enriched Uranium (HALEU) – an advanced nuclear fuel that could power both existing and next-generation nuclear reactors, […]

BETHESDA, Md. – Centrus Energy Corp. (NYSE American: LEU) welcomed the release of today’s report from the White House Nuclear Fuel Working Group Report, which calls for “immediate action to support domestic uranium miners and restore the viability of the entire front-end of the nuclear fuel cycle” so that we can meet our national security […]

Centrus signed a three-year contract with the U.S. Department of Energy to deploy a cascade of centrifuges to demonstrate production of high-assay, low-enriched uranium (HALEU) fuel for advanced reactors

“This practical, bipartisan legislation would leverage American innovation so that we can lead the way in building and fueling the next generation of advanced reactors here at home and around the world. Reclaiming America’s position as a major supplier of commercial nuclear technologies through the deployment of advanced reactors and fuel would create high-wage, clean energy jobs while supporting our energy security and nonproliferation efforts."

“This collaboration between X-energy and Centrus puts our two companies at the forefront of the effort to supply the fuel for the next generation of nuclear reactors,” said Daniel Poneman, president and CEO of Centrus. “We see great promise in this market and believe the advanced TRISO fuel to be produced in this facility will offer an attractive and competitive solution to power advanced reactors around the world.”

Centrus and Doosan will explore opportunities to cooperate in providing manufacturing, engineering and technical services and goods to the nuclear industry -- including advanced technologies that will be utilized in the next generation of commercial nuclear reactors under development around the world.

Centrus will provide technical expertise and resources to support conceptual design of the facility, including nuclear criticality safety analysis, manufacturing equipment layout and infrastructure design, and conceptual development of fuel form transport packages.

X-energy and Centrus have signed a memorandum of understanding to explore collaboration toward production of fuel for advanced nuclear reactors