“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