The U.S. Department of Energy (DOE) today announced an approximately $150 million cost-shared award with American Centrifuge Operating, LLC of Bethesda, Maryland, a subsidiary of Centrus Energy Corp, to demonstrate the nation’s ability to produce high-assay low-enriched uranium (HALEU)—a crucial material needed to develop and deploy advanced reactors in the United States.
BETHESDA, Md. - Centrus Energy Corp. (NYSE American: LEU) is providing an update on construction of the nation’s first production facility for High-Assay, Low-Enriched Uranium (HALEU) in Piketon, Ohio.
“Despite the impact of the pandemic and the extraordinary steps we have taken to protect our workforce – including limiting the number of people who can be on the construction site at any one time – we have kept construction on track and expect to begin producing HALEU by next year,” said Centrus President and CEO Daniel B. Poneman. “We believe this first-of-a-kind facility can play a critical role in meeting both government and commercial requirements for HALEU, powering America’s nuclear leadership as the world turns to a new generation of advanced reactors and advanced nuclear fuels.”
BETHESDA, Md. — Centrus Energy Corp. (NYSE American: LEU) today announced that the Company’s application to produce High-Assay Low-Enriched Uranium (HALEU) at its Piketon, Ohio, facility has been accepted by the Nuclear Regulatory Commission (NRC) for formal review. HALEU-based fuels will be required for most of the advanced reactor designs currently under development and may […]
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
“I’m pleased our team was able to deliver the results the Department expected on a very short timetable,” said Centrus President and CEO Daniel B. Poneman. “This success demonstrates our broad technical capabilities and reflects our strategy of diversifying the business by offering advanced engineering, manufacturing, and D&D services.”
“As we consolidate our centrifuge work into our own facility, this work authorization for K-1600 allows us to help the Department meet its timetable for returning the East Tennessee Technology Park site to the community for reuse and economic development,” said Daniel B. Poneman, Centrus president and chief executive officer. “The new D&D work builds on our recent successful effort to D&D our Ohio facility, advancing our strategic objective to continue to leverage our unique technical capabilities to diversify our business.”